As more and more companies recognize the potential of Bitcoin (BTC) to enhance their balance sheets, corporate Bitcoin (BTC) asset allocation has reached a significant milestone, with holdings rising to 1 million coins.

BitcoinTreasuries.NET confirmed this achievement on Thursday, with several new purchases bringing the total holdings to 1,000,698 Bitcoin (BTC), valued at over $111 billion.

While Bitcoin (BTC) mining companies like MARA Holdings were among the earliest accumulators of Bitcoin (BTC), Michael Saylor's Strategy company became the first publicly traded company to adopt a Bitcoin (BTC) strategy in August 2020. This paved the way for the 184 public companies that currently hold Bitcoin (BTC).

Saylor's company currently holds the most Bitcoin (BTC), with a total of 636,505 coins, while MARA Holdings ranks second with 52,477 coins, having added 705 coins through mining in August.

However, several new Bitcoin (BTC) asset companies are catching up, including XXI, led by Jack Mallers, and Bitcoin Standard Treasury Company, which currently hold 43,514 and 30,021 Bitcoin (BTC), respectively.

Cryptocurrency exchanges Bullish and Japanese investment firm Metaplanet hold 24,000 and 20,000 Bitcoin (BTC), respectively. Riot Platforms, Trump Media & Technology Group Corp, CleanSpark, and Coinbase also make the top ten.

The rapid purchases by public companies and exchange-traded funds have created a demand shock in this cycle, with many believing this has driven the price of Bitcoin (BTC) to a historic high of $124,450 last month.

Now, more public companies are announcing Bitcoin (BTC) asset allocation strategies each week. Currently, only 5.2% of Bitcoin (BTC) fixed supply remains uncirculated, and supply-side shocks may intensify in the coming years with further adoption.

For example, Metaplanet and Semler Scientific plan to accumulate 210,000 and 105,000 Bitcoin (BTC) by the end of 2027, which is more than ten and twenty times the current holdings.

Strategy company was one of the few that persisted with its Bitcoin (BTC) accumulation strategy during the 2022 bear market. At that time, Bitcoin (BTC) mining companies sold 58,770 Bitcoin (BTC), far exceeding the 3,500 coins sold the previous year, while the FTX collapse drove the price of Bitcoin (BTC) down to a low of $15,740 in 2022.

Saylor has stated that despite media outlets like Fortune questioning whether his company's "aggressive experiment" could be sustained, he remains willing to hold Bitcoin (BTC) indefinitely.

However, Strategy company's successful navigation through tough times seems to have sparked a second wave of Bitcoin (BTC) asset allocation enthusiasm. Its CEO noted that companies like Metaplanet and Semler Scientific were almost "zombie companies" before venturing into Bitcoin (BTC).

Similar to Strategy company, many companies are using various financial instruments, including equity financing and debt financing (through senior convertible bonds), to increase their Bitcoin (BTC) holdings and create value for shareholders on a per-share Bitcoin (BTC) basis.

Companies like XXI and Bitcoin Standard Treasury Company were established in the form of special purpose acquisition companies (SPACs) to build Bitcoin (BTC) asset pools, providing investors with faster and more flexible exposure to Bitcoin (BTC) than traditional IPOs.

Globally, corporate Bitcoin (BTC) asset allocation is also advancing. Currently, there are 64 companies in the United States, 34 in Canada, 11 each in the United Kingdom and Hong Kong, with related companies also emerging in Mexico, South Africa, and Bahrain.

Cryptocurrency exchanges and exchange-traded fund issuers are the only groups holding more Bitcoin (BTC) than public companies, with a total of 1,620,000 Bitcoin (BTC); governments and private enterprises hold 526,363 and 295,015 Bitcoin (BTC), respectively.

Additionally, 242,866 Bitcoin (BTC) are locked in crypto protocols, while the remaining 16.2 million Bitcoin (BTC) are held by individuals—those who still possess the private keys.

Related: Classic Ripple (XRP) price chart patterns point to a $5 target, spot ETF approval imminent

Original: “Public companies hit combined 1 million Bitcoin (BTC) holdings, accounting for 5.1% of BTC supply”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。