Corporate Bitcoin Buying Spree Hits All-Time High as Global Giants Double Down
Wall Street meets digital gold rush as Fortune 500 firms pile into BTC.
The big guns are loading up
Blue-chip balance sheets now sport more bitcoin than some crypto-native funds—proving even suits finally get scarcity. MicroStrategy looks downright conservative compared to this quarter's institutional splurge.
Who's buying the dip?
Not retail traders for once. While mom-and-pop investors panic-sold the 20% correction, corporate treasuries treated it like a Black Friday sale. Guess those 'risk management' seminars paid off.
The cynical take
Nothing boosts executive bonuses like front-running the inevitable ETF approvals. But hey—at least they're not wasting cash on stock buybacks at ATHs this time.
$111,181 during the second quarter of the year. According to Bitwise data, these companies acquired 159,107 BTC in just three months, increasing the total institutional Bitcoin stock to 847,000 BTC. This marks a significant rise, elevating the BTC holdings on corporate balance sheets to approximately 4% of the total supply. Compared to the previous quarter, this institutional acquisition represents a 23% increase.
ContentsInstitutional bitcoin Demand Reaches New HeightsBitcoin Report Card According to Companies
Institutional Bitcoin Demand Reaches New Heights
The Bitwise report indicates that the value of Bitcoin on global company balance sheets surged to 91 billion dollars. This remarkable figure corresponds to a 61% increase on a quarterly basis, driven by the price staying above the 100,000-dollar threshold. The number of companies adding Bitcoin to their balances ROSE significantly to 125, with 46 new publicly listed companies playing a decisive role in this upward trend.
The purchase of 159,107 BTC during the quarter set a new record as the highest quarterly bulk purchase ever. The boom in institutional demand highlights the growing tendency to hold cryptocurrency, with institutional investors viewing Bitcoin as a long-term value-preserving asset against inflation and uncertainties.
Bitcoin Report Card According to Companies
Strategy leads the leaderboard by holding 597,325 BTC, followed closely by MARA Holdings at 49,940 BTC and Twenty One with 37,230 BTC. Riot Platforms, with its ownership of 19,273 BTC, and Japan-based Metaplanet, holding 13,350 BTC, complete the top five. Notably, GameStop has become fixated on Bitcoin with an initial purchase of 4,710 BTC. Additionally, TRUMP Media is drawing attention with its potential Bitcoin investment plan worth 2.5 billion dollars.
The involvement of companies outside the finance and technology sectors underscores that Bitcoin is evolving beyond a restrictive investment vehicle for crypto market actors. Executives continue viewing Bitcoin as a strategic reserve asset, aiming to diversify their cash holdings and enhance shareholder value.
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