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COINTURK NEWS > Bitcoin News > Companies Accumulate Bitcoin Reserves to Enhance Financial Strategies
Bitcoin News

Companies Accumulate Bitcoin Reserves to Enhance Financial Strategies

In Brief

  • Public companies significantly increase their Bitcoin reserves for strategic financial management.

  • The US aims for a reserve of 1 million BTC to enhance its holdings.

  • Current total Bitcoin reserves exceed 282 billion dollars across various entities.

Ömer Ergin
Ömer Ergin 5 months ago
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Bitcoin (BTC) $104,652 accumulation has become a new trend for public companies, marking a significant shift over time. Following the approval of BTC ETFs, the legitimacy of cryptocurrencies in the US has increased substantially. As a result, numerous companies have started to add Bitcoin to their reserves. Today, with the announcement of yet another company purchasing BTC, the total has exceeded 46.

Contents
Companies Buying BitcoinWho Holds How Much Bitcoin?

Companies Buying Bitcoin

The US, China, and many other nations hold Bitcoin (BTC). Moreover, the US aims to establish a reserve of 1 million BTC, going beyond just assets seized through the Justice Department. Although Powell opposes this, a law approved by the Senate and House of Representatives could render Powell’s opinion insignificant. There’s speculation that a reserve may be created through the Treasury Department.

Trump is determined on this matter, and since there is a majority in the Senate and House, he only needs to persuade members of his party. The good news is that the recent drop in BTC prices doesn’t concern institutions much. Recently, KULR Technology Group announced the acquisition of 217.8 BTC valued at 21 million dollars in an official SEC filing.

Who Holds How Much Bitcoin?

The US currently possesses 207,189 BTC, valued at 19.875 billion dollars, representing 0.987% of the total BTC supply. China holds 194,000, and the United Kingdom has 61,000 BTC. Collectively, all governments possess 529,558 BTC, valued at 50.8 billion dollars, which is only 2.52% of the maximum supply of 21 million BTC. The US has yet to create the targeted reserve of 1 million BTC, which when accomplished, would mean holding about 5% of the total BTC supply.

Companies like Block and Tether hold approximately 140,000 and 82,454 BTC, respectively, with a total value exceeding 20 billion dollars. The total holdings of private companies that have announced BTC acquisitions amount to 366,738 BTC, valued at 35.180 billion dollars. ETFs are even more promising, with BlackRock‘s BTC ETF holding a total of 551,121 BTC, representing nearly 53 billion dollars. The combined BTC reserves from all ETFs worldwide reach approximately 1.302 million, indicating institutional demand valued at 124.98 billion dollars.

The total reserves from public companies, including MSTR and MARA, which lead the list, are now 582,995 BTC, valued at over 55.9 billion dollars. Collectively, all these reserves represent approximately 2.938 million BTC, which equates to a value of 282.2 billion dollars. This shows that around 14% of the total BTC supply is held by governments, public and private companies, together with ETF issuers.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 26 December, 2024 - 8:15 pm 26 December, 2024 - 8:15 pm
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