A wave of institutional buying has pushed Bitcoin into historic territory, with public companies now holding over 1 million BTC. According to BitcoinTreasuries data released on Thursday, there is a growing rush by corporations to add Bitcoin to their balance sheets.
As shown in the data, over the past year, companies have rapidly increased their Bitcoin exposure to hedge against inflation and benefit from its steady price growth. MicroStrategy, under the leadership of Michael Saylor, was at the forefront of this movement.
The firm’s approach has influenced other companies and caught the attention of Bitcoin miners like Mara Holdings, as well as businesses such as Metaplanet, Semler Scientific, and GameStop.
BitcoinTreasuries President Pete Rizzo explained that while the milestone is noteworthy, institutional adoption is still in its early stages. He noted that many companies are only beginning to deploy strategies for long-term accumulation.
Growing Institutional Interest
Bitwise executive Bradley Duke highlighted the scale of institutional involvement on X. “That’s about $111 billion locked up by institutions,” he stated. Duke also emphasized the widening gap between Bitcoin supply and growing demand, which could push prices higher in the future.
Currently, more than 100 public companies hold Bitcoin, and the trend shows no sign of slowing. For instance, Nasdaq-listed firm CIMG recently raised $55 million specifically to purchase Bitcoin. This move reflects a growing shift toward Bitcoin digital asset treasury (DAT) strategies as firms diversify their balance sheets.
Rizzo pointed out that as Bitcoin continues to outshine fiat currencies, there may be more public companies to start buying and holding Bitcoin. With over 50,000 publicly traded companies out there, this could boost Bitcoin’s role in traditional finance.
As of writing, Bitcoin is at $110,024, with a trading volume of $56.9 billion over the last 24 hours. The price has dipped by 1.66% during that time, according to CoinMarketCap data.
The fact that public companies are now crossing the 1 million BTC shows a change towards mainstream Bitcoin adoption. As more institutions get on board, Bitcoin’s influence in global finance grows even more.
Also Read: Figma’s 14% Drop Spotlights Bitcoin Holdings and Lockup Expiry
