Bitocin treasury companies continue to accumulate a significant amount of BTC despite current market conditions and now control approximately 5% of the total BTC supply. These companies are led by Michael Saylor’s Strategy and Metaplanetwho recently raised new capital to buy the dip.
Bitcoin Treasury companies now hold over 1 million BTC
Bitcoin Treasuries data shows that the top 100 public Bitcoin treasury companies currently own 1,058,929 BTC, while all public companies together own 1,061,697. Strategy in particular is the largest public Bitcoin holder with 650,000 BTC. Michael Saylor’s company yesterday announced a purchase of 130 BTC for $11.7 million.
Related reading
Meanwhile, the second largest Bitcoin treasury company is BTC miner MARA holdings, which owns 53,250 BTC. Tether-backed Twenty One Capital, Metaplanet, and Bitcoin Standard Treasury Company round out the top 5, with 43,514, 30,823, and 30,021 BTC, respectively. Meanwhile, companies like Coinbase, Bullish and Trumpmedia are among the top 10 largest BTC treasury companies.
It is worth noting that these publicly traded companies represent only a portion of Bitcoin treasuries. Further data from Bitcoin Treasuries shows that there is currently a total of 4 million BTC in government bonds, including the currencies owned by governmentsprivate companies, exchanges, DeFi platforms and ETFs.
BlackRock is currently the second largest Bitcoin holder, behind only Satoshi Nakamoto. Strategy is third on the list, while Binance and the US government round out the top 5, with BTC holdings of 628,868 and 323,588 respectively. The 4 million BTC that these treasury companies hold as a group accounts for 19% of the total Bitcoin supply.
Bitcoin treasuries like Strategy and Metaplanet raised new capital to buy more BTC during the recent crash. Saylor’s company recently raised $836 million through its STRE offering, purchasing 8,178 BTC. In the meantime, Metaplanet has raised $130 million to expand his BTC treasury.
More companies will adopt Bitcoin
More Bitcoin Treasury companies will emerge as $10 trillion asset managers. Vanguard, will begin offering BTC ETFs starting today. Notably, some companies gain BTC exposure through these ETFs rather than purchasing Bitcoin directly. On-chain analytics platform Arkham Intelligence Revealed that the largest US bank, JPMorgan, owns $300 million worth of BlackRocks BTC ETF.
Related reading
Meanwhile, it’s worth mentioning that Bitcoin government bonds like Strategy are coming under immense pressure amid the current market downtrend. CEO of Strategy, Phong Le, admitted that they may need to sell Bitcoin as a last resort to fund dividend payments if their mNAV falls below 1x and they can no longer raise capital.
At the time of writing, the Bitcoin price is trading around $87,000, up in the past 24 hours. facts from CoinMarketCap.
Featured image of Pngtree, chart from Tradingview.com