In a bold move signaling growing confidence in Bitcoin, public companies worldwide added a staggering $863 million to their BTC holdings last week. This surge in corporate Bitcoin adoption, led by industry giants MicroStrategy and Japan’s Metaplanet, underscores the increasing institutional embrace of cryptocurrency as a strategic asset.
Why Are Corporations Betting Big on Bitcoin?
The latest data from SoSoValue reveals a remarkable trend: global public companies (excluding miners) now hold 663,860 BTC worth $71.5 billion. This represents 3.34% of Bitcoin’s total supply, demonstrating significant institutional accumulation. The key drivers behind this corporate Bitcoin rush include:
- Hedge against inflation
- Portfolio diversification
- Long-term store of value
- Growing mainstream acceptance
MicroStrategy’s Massive Bitcoin Purchase
Leading the corporate Bitcoin charge, MicroStrategy made headlines with its $531.9 million purchase. The business intelligence firm continues to double down on its BTC strategy, with CEO Michael Saylor frequently advocating for Bitcoin as superior to traditional corporate treasury assets.
Metaplanet’s $240.8 Million Bitcoin Bet
Japan’s Metaplanet emerged as another major player, allocating $240.8 million to Bitcoin. This move positions the company as Asia’s answer to MicroStrategy, potentially signaling a broader regional shift toward corporate cryptocurrency adoption.
Other Notable Corporate Bitcoin Buyers
The buying spree wasn’t limited to these two firms. Other significant participants included:
| Company | Country | Investment |
|---|---|---|
| Nano Lab | China | Undisclosed |
| Smarter Web | UK | Undisclosed |
| Blockchain Group | France | Undisclosed |
GameStop’s $450 Million Bitcoin Signal
In a potentially groundbreaking development, GameStop raised $450 million with plans to allocate funds to Bitcoin. While details remain scarce, this move from a major retailer could pave the way for broader corporate Bitcoin adoption beyond traditional tech and finance sectors.
What This Means for Bitcoin’s Future
The growing corporate Bitcoin holdings represent a fundamental shift in how institutions view cryptocurrency. With 3.34% of Bitcoin’s supply now held by public companies, we’re witnessing the early stages of what could become a significant supply squeeze as more corporations enter the market.
This corporate Bitcoin adoption wave demonstrates increasing institutional confidence in cryptocurrency as a legitimate asset class. As more companies follow MicroStrategy and Metaplanet’s lead, we may see accelerated mainstream acceptance and potentially significant price implications for Bitcoin’s future valuation.
Frequently Asked Questions
Which company bought the most Bitcoin last week?
MicroStrategy led corporate Bitcoin purchases with a $531.9 million acquisition, followed by Japan’s Metaplanet at $240.8 million.
How much Bitcoin do public companies hold collectively?
Public companies (excluding miners) now hold 663,860 BTC worth $71.5 billion, representing 3.34% of Bitcoin’s total supply.
Why are corporations buying Bitcoin?
Companies are adopting Bitcoin as a hedge against inflation, for portfolio diversification, and as a long-term store of value with growth potential.
Is GameStop investing in Bitcoin?
GameStop raised $450 million and signaled plans to allocate funds to Bitcoin, though specific investment amounts haven’t been disclosed.
What percentage of Bitcoin supply is held by public companies?
Public companies currently hold approximately 3.34% of Bitcoin’s total circulating supply.
