PANews reported on September 28 that according to CoinDesk, Daniel Cunha, head of corporate development at Mercado Bitcoin, Brazil's largest cryptocurrency exchange, said in an interview: "Corporate clients (mainly small and medium-sized enterprises) account for 10% to 15% of the platform's custodial assets. These companies will not easily use more than 10% of their holdings at any time. They hold cryptocurrencies for long-term reserves, not for trading." He pointed out that these companies mainly use Bitcoin to hedge the risks of global market volatility faced by cash reserves. Factors such as increased inflation, currency depreciation and geopolitical instability are causing more and more concerns.

Cunha declined to disclose the specific size of these companies' holdings on the Mercado Bitcoin platform. He explained that these companies are not pursuing high returns or attempting to invest in other altcoins, but rather are focused on asset management in Bitcoin and stablecoins like USDT and USDC. These holdings primarily serve conservative cash management needs, rather than speculation. He also noted that increased institutional participation is having a positive impact: overall cryptocurrency market volatility has decreased. This makes Bitcoin more attractive to treasurers, although corporate cryptocurrency adoption in Brazil is still in its infancy.