Companies hold over one million Bitcoin for the first time ever

Companies hold over one million Bitcoin for the first time ever

Corporate holdings exceed the one million Bitcoin mark for the first time, valued at over $111 billion, or more than five percent of all coins ever to exist. Michael Saylor’s Strategy was the first publicly traded company with a Bitcoin treasury strategy in 2020. Today, the firm alone holds 636,505 BTC, dominating all other corporations.

MARA Holdings follows with 52,477 BTC, while newcomers such as XXI (43,514 BTC) and Bitcoin Standard Treasury Company (30,021 BTC) are quickly catching up. Bullish, Metaplanet, Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase are also among the top ten corporate holders.

The aggressive buying by companies and ETFs is creating a demand shock, which many see as a driving force behind Bitcoin’s recent all-time high of $124,450. Companies are increasingly using equity offerings, convertible bonds, and SPACs to expand their Bitcoin holdings and provide shareholders with direct value in the form of Bitcoin per share. In addition to the 64 US companies, firms in Canada, the UK, Hong Kong, Mexico, South Africa, and Bahrain are also active.

Despite criticism during the bear market—when miners sold and Bitcoin fell to $15,740—Saylor & Co.’s treasury strategy proved successful, inspiring a second wave of institutional adoption. Bitcoin currently trades at around $111,000.

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