Many public companies are now turning to a Bitcoin strategy, with many of them undergoing treasury changes. Notably, public companies holding Bitcoin on their balance sheets have seen their aggregate holdings surge past $113 billion in early September. 

This balance shows not only strong institutional conviction in Bitcoin as a reserve asset but also the adoption of crypto‐treasury models among public companies, and here are the major stakeholders.

Major Stakeholders Of Bitcoin Treasury

Data shows that the total value of Bitcoin held by publicly traded companies in their treasury is now well over the $100 billion mark. The value of the total holdings, which is subject to the intensely volatile nature of Bitcoin’s price, is now fluctuating between $111.24 billion and $113 billion, according to data from BiTBO. 

The center of this adoption is full of companies and founders that have made Bitcoin a cornerstone of their treasury strategy. At the top of the list is Strategy, which is holding hundreds of thousands of BTC and is often seen as the pioneer of corporate Bitcoin accumulation. According to data from BiTBO, Strategy is holding 638,460 BTC, which is worth about $73.63 billion. This translates to 64.27% of the BTC held by public companies and 3.04% of the total 21 million BTC created.

Following close behind are mining companies and firms explicitly structured around Bitcoin accumulation. MARA Holdings (Marathon Digital), for example, is the second-largest public company holding Bitcoin, with 52,477 BTC worth $6.05 billion in its coffers. Other names include XXI (Twenty-One Capital) with 37,229 BTC, Bulli

Go to Source to See Full Article
Author: Scott Matherson