Public Companies Cryptocurrency Reserves Surpass $85 Billion, Doubling in a Year
The total Bitcoin held by public firms has reached a staggering $85 billion, more than twice what it was last year.
Summary
The number of public firms maintaining Bitcoin in their treasuries has climbed to 116, accumulating roughly 809,100 BTC by the end of May. This marks a substantial increase from the 312,200 BTC held a year prior, with nearly 100,000 BTC added since April alone.
Notable Points
- Significant Growth: Corporate Bitcoin holdings are valued at around $85 billion based on the current market price.
- Rising Interest in RWAs: Tokenized real-world assets have surged over 260% this year, reaching a total of $23 billion.
Bitcoin, which is currently priced at BTC $104,171.25, has entrenched itself deeper into corporate finance with many firms choosing to hold substantial amounts. This growth trajectory follows the pro-crypto policies advocated during former President Trump’s 2024 campaign.
Additionally, the introduction of new fair-value accounting rules by the FASB allows companies to report gains on Bitcoin holdings, increasing incentives for more firms to invest in the cryptocurrency.
While some brands like GameStop and PSG are entering this investment space, large-scale holders such as Strategy continue to dominate with over 70% of total corporate BTC reserves. Some firms are diversifying their holdings into assets such as Ethereum and Solana, though these remain relatively small in comparison to Bitcoin reserves.
The pace of cryptocurrency adoption by corporations appears set to continue as the market evolves.
