Global companies surpassed a new milestone in their race to accumulate Bitcoin 
$77,690 during the second quarter of the year. According to Bitwise data, these companies acquired 159,107 BTC in just three months, increasing the total institutional Bitcoin stock to 847,000 BTC. This marks a significant rise, elevating the BTC holdings on corporate balance sheets to approximately 4% of the total supply. Compared to the previous quarter, this institutional acquisition represents a 23% increase.
Institutional Bitcoin Demand Reaches New Heights
The Bitwise report indicates that the value of Bitcoin on global company balance sheets surged to 91 billion dollars. This remarkable figure corresponds to a 61% increase on a quarterly basis, driven by the price staying above the 100,000-dollar threshold. The number of companies adding Bitcoin to their balances rose significantly to 125, with 46 new publicly listed companies playing a decisive role in this upward trend.
The purchase of 159,107 BTC during the quarter set a new record as the highest quarterly bulk purchase ever. The boom in institutional demand highlights the growing tendency to hold cryptocurrency, with institutional investors viewing Bitcoin as a long-term value-preserving asset against inflation and uncertainties.
Bitcoin Report Card According to Companies
Strategy leads the leaderboard by holding 597,325 BTC, followed closely by MARA Holdings at 49,940 BTC and Twenty One with 37,230 BTC. Riot Platforms, with its ownership of 19,273 BTC, and Japan-based Metaplanet, holding 13,350 BTC, complete the top five. Notably, GameStop has become fixated on Bitcoin with an initial purchase of 4,710 BTC. Additionally, Trump Media is drawing attention with its potential Bitcoin investment plan worth 2.5 billion dollars.
The involvement of companies outside the finance and technology sectors underscores that Bitcoin is evolving beyond a restrictive investment vehicle for crypto market actors. Executives continue viewing Bitcoin as a strategic reserve asset, aiming to diversify their cash holdings and enhance shareholder value.
