“Bitcoin treasury companies. Although the Bitcoin ETF has attracted more than $ 12 billion since their approval, Satoshi cryptocurrency continues to attract institutional investors. Moreover, public companies have accumulated a record 1 million BTC, or approximately 5.2% of the total offer. This trend does not show signs of slowing, even if it is disturbed by some market observers. Key […]”, – WRITE: Businessua.com.ua
Bitcoin treasury companies. Although the Bitcoin ETF has attracted more than $ 12 billion since their approval, Satoshi cryptocurrency continues to attract institutional investors. Moreover, public companies have accumulated record 1 million BTC or approximately 5.2% of the total offer. This trend does not show signs of slowing, even if it is disturbed by some market observers.
The key points of this article:
- Publicly traded companies have accumulated A record 1 million BTC, which is 5.2% of the total proposal, which indicates a growing institutional interest in bitcoin.
- This development was initiated by Strategy in 2020, and although the institutional implementation looks promising, experts still consider it in the early stages.
According to Bitcointreasuries, public companies now own more than 1 million BTC or close $ 111 billion at the current price. This figure is 5.2% of the total number of bitcoins, and this share continues to grow.
Among these Strategy companies, Michael Sailor is a clear leader with 636 505 BTC . Next are companies such as miner Mara Holdings and Metaplanet which also made bitcoin a large part of their reserves.
This trend of corporate BTC accumulation started Strategy in August 2020. Since then, many other companies have followed this example, including giants such as Gamestop and Coinbase .
1 million bitcoins are stored publicly by trading companies – Source: Compte X
Institutional implementation is still in the early stages Despite this impressive figure, President Bitcointreasuries, who carefully monitors that phenomenon believes that institutional implementation Bitcoin is still in the initial stage:
“Despite today’s milestone, a number of indicators indicate that the institutional introduction of bitcoin is still in the early stages.”
Pete Ritzo, President Bitcointreasuries – Source: Cointelegraph
Indeed, more and more companies are using so -called strategies Digital Treasury (DAT), that is, they use Bitcoin (or other cryptocurrencies) to strengthen their financial balances . According to this specialist, it is expected that this trend will continue or even accelerate:
“Since bitcoin continues to exceed fiat currencies in the world, we expect that the number of public companies that buy and store bitcoin will grow.”
Pete Ritzo, President Bitcointreasuries – Source: Cointelegraph
With market capitalization more than $ 2 trillion, bitcoin has become an important asset for companies that seek to diversify their treasury bonds. But, like the Binance Cz founder, many are wondering what will happen in a bear market . What about those treasury bonds with a bitcoin $ 90,000? Or $ 80,000? Or worse? This is a million BTC question.
Source: Journalducoin.com
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