Public Firms’ Bitcoin Holdings Exceed $100B, Led by MicroStrategy
Public companies boosted their Bitcoin holdings with a net purchase of $953 million last week, led by MicroStrategy’s $700 million addition. In total, 64 listed firms now hold over 2.3 million BTC valued at more than $100 billion. Major holders include MicroStrategy, Marathon Digital and Coinbase, with Tesla and Square also contributing. These corporate Bitcoin holdings have reduced exchange supply, reflecting rising institutional adoption and confidence amid macroeconomic uncertainty. The trend, which has accelerated since 2020 as companies diversify to hedge inflation and improve returns, may support price appreciation and dampen volatility. However, intensified regulatory scrutiny and broader market conditions remain key risk factors.
Bullish
Large net purchases and a surge in corporate Bitcoin holdings signal strong institutional confidence. Reduced exchange supply can create upward pressure on price in the short term, while diversified corporate balance sheets support long-term stability and lower volatility. Regulatory risks and macroeconomic factors remain, but overall, continued adoption by well-capitalized firms points to a bullish outlook for Bitcoin.