Corporate Bitcoin Holdings Surge to 847,000 BTC Amid New Strategies
Bitcoin's corporate adoption is surging, with treasury companies now holding approximately 725,000 BTC, representing a notable 3.64% of the total supply. This trend, largely influenced by strategies from firms like MicroStrategy and BlackRock, indicates a shift towards viewing Bitcoin as a treasury asset rather than a speculative investment.
Recent reports highlight that public companies have increased their holdings to about 847,000 BTC, valued at around $91 billion, reflecting a 23.3% rise in just one quarter. Notable players in this movement include Tesla, Aker ASA, and GameStop, who are increasingly incorporating Bitcoin into their balance sheets.
The rise of Bitcoin ETFs, particularly BlackRock's iShares Bitcoin Trust, underscores a growing institutional interest, with significant inflows and demand shaping market dynamics.
The press radar on this topic:
BlackRock fuels BTC stash with another $126M, closes in on Satoshi as ETF booms
Bitcoin Treasury Companies Now Hold 725K BTC, but Most Still Have Little Market Impact: Report
10 public companies that quietly turned their balance sheets into Bitcoin treasuries
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