Does Nvidia add Bitcoin to its reserves? Analyzing the rumors.

Recently, rumors have emerged about Nvidia adding Bitcoin to its treasury reserves. These unconfirmed reports raise questions about the potential increase in institutional acceptance of Bitcoin and the potential performance of this move for Nvidia, a company whose stock value has significantly fallen this year.

BeInCrypto interviewed representatives from Banxe, FINEQIA, CoinShares, Bitunix, and Acre BTC to discuss the potential benefits of Bitcoin for Nvidia and explore whether this investment could provide long-term advantages for the company.

Rumors about Nvidia's ability to invest in Bitcoin

In the past few weeks, there have been many reports surfacing on social media that Nvidia, a pioneer in the field of GPU accelerated computing, is considering adding Bitcoin to its balance sheet.

These reports are still just speculation at the time of writing, as Nvidia has not made any official statements on the subject. When BeInCrypto reached out for clarification, a spokesperson for Nvidia declined to comment.

Although it is just a rumor, these reports highlight the significant impact such a decision would have on public perception of Bitcoin. Given Nvidia's current economic situation, marked by a significant fall in stock value, such an announcement would not be entirely surprising.

Recent economic challenges

In the past five months, Nvidia has overcome economic and geopolitical obstacles that have significantly impacted the company's operations and overall financial performance.

Amid the export restrictions during Biden's term and Trump's recent trade policies, with global inflation risks, a weakening USD, and increased competition from other GPU manufacturers, Nvidia has faced challenges on all fronts.

“Risk assets typically underperform in the early months of 2025, despite recent signs of recovery. Furthermore, increasing competition, particularly in the GPU and AI sectors, poses a threat to NVIDIA's market leadership position and raises the likelihood of market share decline. The ongoing U.S. tax levels also represent a significant risk, with little clarity on their future direction. All these factors may have led some investors to reduce their exposure to NVIDIA, taking profits after a significant price increase that saw stock prices rise approximately x9 from the beginning of 2023 to early 2025,” Matteo Greco, Senior Associate at FINEQIA, told BeInCrypto.

As a result, Nvidia's stock price has been affected. According to recent reports, Nvidia's stock has fallen 35% since its most recent price peak in January.

Nvidia's stock reacted particularly poorly to the news that China's Huawei Technologies is testing a new AI chip that could be more powerful than Nvidia's H100.

In this context, Nvidia can mitigate current economic challenges by diversifying its treasury assets.

Should Nvidia consider adding Bitcoin to its balance sheet?

With a behavior that is uncorrelated to traditional markets and a limited supply, Bitcoin offers a strong hedge against inflation for companies.

If Nvidia considers this, they will follow the trend set by other companies that have invested in this type of asset for similar reasons over the past few years.

“We have seen similar cases when MicroStrategy and Tesla drew attention by allocating a portion of their treasury into Bitcoin. Those cases have proven that a bold cryptocurrency strategy can attract market attention and accompany forward-thinking investors. In fact, as of April 2025, companies holding Bitcoin on their balance sheets have controlled over 630,000 BTC ( over 3% of the supply ), so NVIDIA will not be entirely alone in exploring this path,” commented Banxe CEO Alex Guts.

Such a move would significantly change how other institutional investors perceive Bitcoin, potentially encouraging more companies to adopt similar strategies. The cryptocurrency community may celebrate this news, believing it will reinforce the legitimacy of Bitcoin as an asset.

“There are also benefits regarding the perception of stakeholders and the market. Holding Bitcoin can expand NVIDIA's appeal to a new class of investors or partners. It may attract interest from the cryptocurrency community and young tech-savvy investors who see the company aligning with their values. It could even influence employee perception – many tech employees are very enthusiastic about cryptocurrency, so this could help NVIDIA position itself as an attractive workplace with a forward-looking vision,” Guts added.

This potential move by Nvidia will also align with the company's existing relationship with the cryptocurrency space, as their technology plays a crucial role in Bitcoin mining.

The role of Nvidia in the Bitcoin ecosystem

Mining Bitcoin, especially the Proof-of-Work consensus mechanism, is a natural application for NVIDIA's products.

"NVIDIA is a well-known company leading in (AI technology, graphics, etc.). By adding Bitcoin, they will reinforce their image as a pioneer. In fact, some will say that this move leverages NVIDIA's legacy in the cryptocurrency space – their GPUs have played a crucial role in cryptocurrency mining over the past decade," Guts told BeInCrypto.

Regarding this point, Greco added:

"There has been a natural link between NVIDIA and Bitcoin, so seeking direct exposure to this asset seems reasonable. The hashrate of Bitcoin, an important metric measuring the computational power of the network, has consistently increased, continuously reaching all-time highs. In this context, NVIDIA's support for Bitcoin can also be understood as NVIDIA supporting its own development. The increasing demand for GPUs among Bitcoin miners could translate into higher revenue for the company."

However, the extent to which Nvidia needs Bitcoin for stability is still controversial.

Risks of Adding Bitcoin to Nvidia's Treasury

Currently, Nvidia has other strategies to help the company hedge against volatility and inflation. Adding Bitcoin could be seen as excessive.

"Bitcoin provides diversification benefits as a non-correlated asset and serves as a potential hedge against the long-term depreciation of the dollar. However, in practice, NVIDIA has employed foreign exchange risk hedging strategies to manage currency risk," said Satish Patel, Senior Investment Analyst at CoinShares, to BeInCrypto.

This is even more true when considering how Bitcoin can be volatile. Although this asset can generate significant profits during bullish phases, the losses it can cause are equally severe.

"The first risk to consider is price volatility. A significant fall in price could lead to a substantial unrealized loss on the balance sheet in the short term; according to current accounting standards, Bitcoin is considered an 'intangible asset' and the fall will not be amortized, which will have a direct impact on the income statement," explained analyst Dean Chen of Bitunix.

Therefore, Bitcoin may not be the natural choice to protect Nvidia from the current stock fall. Such an investment needs to reflect a longer-term strategy rather than an impulsive decision.

Does BTC really affect the stock price of Nvidia?

Bitcoin has proven to yield high profits in the long term, despite significant volatility. For companies that can withstand the associated risks, including large price fluctuations, it offers considerable profit potential in the future.

"Looking at historical performance, Bitcoin has been the best-performing asset over the past 15 years. This makes it, at least on paper, a strategic addition to enhance a company's treasury," Greco said.

With significant financial resources, Nvidia can absorb the volatility of Bitcoin without greatly affecting its balance sheet. In this sense, the company has little to lose, but also little to gain.

"Unless the allocation of Bitcoin is significant, the long-term impact on NVIDIA's stock price is likely to be mild. Even Tesla, with over 11,500 BTC, is not widely classified by investors as a cryptocurrency treasury play. Ultimately, such a move is likely to benefit Bitcoin's market perception more than NVIDIA's stock price, at least until digital assets are more widely accepted in mainstream finance," Patel added.

Ultimately, Nvidia's decision to invest in Bitcoin depends on timing and urgency, especially with recent developments that have alleviated some pressure on the company.

Easing Export Restrictions: A Lever for Nvidia

Last week, the Trump administration announced plans to roll back some of the Biden-era export restrictions on advanced semiconductor chips.

Biden's 'AI Diffusion' rule has established these restrictions to enhance the technological standing of the U.S. by preventing advanced chips from being redirected to concerning countries, particularly China. As China is the main buyer of Nvidia, this rule has significantly impacted the company's sales.

"The U.S. embargo on shipping chips to China has caused NVIDIA's projected revenue to fall by about 5.5 billion USD each quarter starting from Q1 2025. Additionally, the testing and breakthroughs in AI chips by Huawei and other companies have put NVIDIA in direct competition in strategic markets," Chen said.

The withdrawal will be very beneficial for Nvidia's sales, especially in the context of the new wave of these chip manufacturers.

Similarly, the recent suspension of tariffs between the US and China has led to an increase in Nvidia's stock prices. Although it is only temporary, this news is a positive sign for the company, promising to alleviate uncertainty and enhance potential growth in sales and the stability of the supply chain.

In light of these developments, adding Bitcoin to Nvidia's balance sheet may no longer be urgent. If Nvidia makes such a decision hastily, it could also drive away traditional investors and long-time buyers.

Many areas in traditional finance are still very skeptical about Bitcoin due to its short history and high volatility. If Nvidia adds Bitcoin as a treasury asset, traditional investors may see it as a poor decision, potentially alienating long-term customers.

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