Editor's PiCK
Bitcoin Holdings of Top 100 Global Public Companies Surpass 950,000 BTC... Continued Growth in Institutional Demand
Summary
- The top 100 global publicly listed companies have surpassed an all-time high of 951,323 BTC in total Bitcoin holdings.
- Over the past week, 15 companies made additional purchases of Bitcoin, indicating sustained institutional demand.
- Public companies are acquiring Bitcoin as a hedge against inflation and as part of long-term growth strategies, with analysts predicting that this trend will lead to increased price pressure.
The total Bitcoin (BTC) holdings of the world’s top 100 publicly listed companies have surpassed a record 950,000 BTC.
According to Coinpedia, a media outlet specializing in cryptocurrencies, as of the 14th, the total BTC holdings among the top 100 listed companies amounted to 951,323 BTC. It is analyzed that institutional demand is continuing, with 15 companies making additional purchases over the past week.
The leading holder is MicroStrategy, with 628,946 BTC, followed by Marathon Digital Holdings (50,639 BTC) and Twentyone Capital (43,514 BTC). Bitcoin Standard Treasury Company (30,021 BTC), Riot Platforms (19,239 BTC), and Japan’s Metaplanet (18,113 BTC) were also among the top holders.
According to the report, Galaxy Digital recently acquired an additional 2,894 BTC, while Metaplanet bought 518 BTC more. Canada’s Hut 8 Corp purchased 394 BTC, the UK’s Smart Web Company acquired 345 BTC, and Germany’s 3U purchased 200 BTC. MicroStrategy also acquired another 155 BTC, while China’s Cango Inc. and France’s ALTBG purchased 147 BTC and 126 BTC, respectively.
The report stated, "The accumulation of Bitcoin by public companies is seen as both a hedge against inflation and currency depreciation, and as part of a long-term growth strategy. Not only the US, but companies in Japan, the UK, Sweden, and around the world are incorporating Bitcoin into their financial strategies. If this trend continues, demand and upward price pressure for Bitcoin are likely to increase further."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
