Bitcoin Is Becoming More Democratic: Nearly 700,000 BTC Held By Companies

Bitcoin, often compared to a digital gold rush, takes a decisive step. Imagine: 79 companies now hold nearly 700,000 BTC, equivalent to an estimated treasure of 57 billion dollars. These figures reflect not just an accumulation of assets, but a profound shift in investment strategies. Far from fleeting speculation, Bitcoin establishes itself as a key component in the reserves of economic giants. A silent yet explosive revolution.

700,000 BTC held by companies: a strategic springboard

Bitwise data reveal a startling reality: 688,000 BTC are now controlled by companies, representing 3.28% of the total supply. An increase of 16.11% in one quarter. This acceleration is no coincidence. It signifies renewed confidence in an asset perceived as insurance against inflation and monetary turbulences.

Among these actors, Strategy dominates unchallenged. With 531,000 BTC recently acquired, the Virginian firm embodies an aggressive strategy. Its recent purchase of $285 million worth of Bitcoin illustrates a conviction: Bitcoin is no longer an option but a necessity. A logic shared by 12 new public companies that joined the movement this quarter.

Meanwhile, the adoption of the FASB standard changes the game. By enabling companies to value Bitcoin at its fair value, this accounting rule removes a major psychological barrier.

“People want to own Bitcoins. Companies too,” summarizes Horsley, highlighting the 95,000 BTC bought at the beginning of 2024. A dynamic that transcends borders, as demonstrated by Metaplanet in Japan, aiming for 10,000 BTC by December.

Institutional Adoption of Bitcoin: A Quiet Revolution

Beneath these figures lie bold strategies. Take GameStop: the gaming giant has not only integrated Bitcoin into its reserves but also adopted Strategy’s “debt against Bitcoin” approach. A risky bet? More like a cold calculation: financing $1.3 billion worth of purchases using debt, while capitalizing on the expected appreciation of BTC.

This innovative approach reveals a major evolution. Bitcoin is no longer an alternative asset but a growth lever. Companies use it to protect themselves but also to differentiate. Metaplanet, for example, bets on BTC to attract investors seeking exposure to crypto while strengthening its balance sheet.

Yet, the most fascinating is yet to come. Hunter, CEO of Bitwise, predicts 2025 as the pivotal year for mass adoption. Why? Because every institutional purchase creates a network effect.

The more companies accumulate Bitcoin, the more they legitimize its status as a store of value, thus attracting new players. A virtuous circle where scarcity (max 21 million) amplifies the race.

The accumulation of 700,000 BTC by companies is not just a financial phenomenon. It is a strong signal sent to markets: Bitcoin is rooted in the real economy. Between accounting innovations, debt strategies, and international competition, the foundations of a mature ecosystem are taking shape.

One question remains: how much will this accelerated adoption hasten the scarcity of supply? With only 21 million BTC to mine, each institutional acquisition brings the world closer to an unprecedented balance. One thing is certain: Bitcoin is no longer at the fringe. It is becoming the beating heart of a new financial era.