Recent data indicates that publicly listed companies have surpassed exchange-traded funds (ETFs) in Bitcoin accumulation. This shift may significantly impact the market.
Market Status of Bitcoin
As of now, public companies hold approximately 757,593 BTC, amounting to $78.67 billion. Over the past 30 days, at least 22 companies have increased their Bitcoin reserves.
Impact of Corporate Treasuries
Corporate treasuries, such as Strategy led by Michael Saylor, actively increase their Bitcoin holdings. Saylor has gained recognition for his aggressive Bitcoin stance since 2020. He noted:
"Strategy/MicroStrategy under Michael Saylor became renowned for early, aggressive Bitcoin treasuries since 2020."
Risks and Market Attention
Industry experts express concerns regarding potential risks associated with corporate Bitcoin accumulation. Geoff Kendrick from Standard Chartered highlighted the importance of monitoring Bitcoin price levels, as a drop below critical levels could lead to liquidations of corporate treasuries. Meanwhile, Bitcoin spot ETFs have seen substantial inflows of $4.6 billion over three weeks.
The gradual rise of corporate treasuries in Bitcoin accumulation raises important questions about risks and market dynamics. This shift necessitates increased attention from experts and regulatory bodies.
