Public Companies Hold Over 1 Million Bitcoin as Treasury Asset

Over 1 million Bitcoin is held by the top 100 public companies, according to data from BitcoinTreasuries. This massive accumulation signals a growing acceptance of Bitcoin as a strategic asset within corporate treasuries. The trend highlights how major firms are utilizing Bitcoin for long-term financial planning and hedging strategies. These companies, including established players like MicroStrategy and Hyperscale Data, have seen substantial increases in their Bitcoin holdings, signaling a continued commitment to this cryptocurrency. This shift towards Bitcoin usage is expected to impact market liquidity and corporate treasury strategies as these companies actively participate in on-chain trading.