Bitcoin Treasuries Hit $113B 💰 – Who Holds the Biggest Bags
koinmilyoner
Updated at: 3 hours ago
{"content":"Bitcoin Treasuries Hit $113B 💰 – Who Holds the Biggest Bags? 🐋📊
Many public corporations are adopting Bitcoin strategies and changing their treasuries. In early September, listed firms with Bitcoin holdings exceeded $113 billion.
Major Bitcoin Treasury Stakeholders
Data suggests that publicly listed firms' treasuries contain over $100 billion in Bitcoin. BiTBO reports that the total assets, which fluctuate with Bitcoin's price, are worth $111.24 billion to $113 billion.
Bitcoin is essential to this acceptance since many firms and entrepreneurs use it for treasury. Strategy, the first business Bitcoin accumulator, has hundreds of thousands of BTC. Strategy has 638,460 BTC, worth $73.63 billion, according to BiTBO. This represents 64.27% of public company BTC and 3.04% of the 21 million BTC generated.
Mining and Bitcoin-focused enterprises follow closely. The second-largest public business holding Bitcoin is MARA Holdings (Marathon Digital), with 52,477 BTC worth $6.05 billion. XXI (Twenty-One Capital) has 37,229 BTC, Bullish 24,340, and Riot Platforms 19,309 BTC.
Interestingly, several non-mining or non-traditional organizations have a strong Bitcoin treasury strategy. MetaPlanet, which has 20,136 BTC, recently increased its share offering from 180 million to 385 million to generate $1.4 billion for its Bitcoin acquisition plan.
What drives Bitcoin accumulation?
Many factors drive these massive Bitcoin treasury holdings. First, many company executives consider Bitcoin, often known as digital gold, as an inflation hedge.
Shareholder appeal is another trend. According to MetaPlanet, investor demand drove its recent expansion. Bitcoin-accumulating companies typically see stock price gains. Animoca Brands found that corporate treasury firms' stock prices rise 150% after 24 hours of introducing crypto adoption strategy.
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