A huge number of companies bought or planned to buy Bitcoin today, displaying an accelerated global trend of corporate acquisition. It’s unclear what impact this growing movement will have on BTC’s ecosystem.

Last week, public firms spent $275 million on BTC, while Metaplanet alone nearly equaled this amount. Strategy, Semler Scientific, Genius Group, and more also made commitments today.

Companies Keep Buying Bitcoin

A growing number of companies around the world are buying and stockpiling Bitcoin, outpacing even the BTC ETF issuers in their appetites. Today alone, several firms have announced massive new acquisitions or plans to carry them out, providing a sense of the trend’s massive scale. For example, Strategy (formerly MicroStrategy) is planning to raise $4.2 billion for BTC buys:

According to the company’s press release, Strategy plans to sell a vast quantity of STRD, a new stock offering, to afford more Bitcoin. The firm has purchased more than $1 billion in BTC