Public Companies’ Bitcoin Holdings Surge by Nearly 200% in a Year

Publicly traded companies have dramatically increased their Bitcoin holdings from $7.2 billion to $20 billion over the past year, marking a near 200% rise.

Current data shows that 42 companies collectively own 335,249 BTC. This surge follows MicroStrategy’s pivotal purchase of 21,000 BTC in August 2020, which has since grown to 226,500 BTC.

A recent survey by Nickel Digital Asset Management found strong institutional support for Bitcoin. Out of 200 institutional investors across various countries, 75% favor Bitcoin holdings by public companies, with 26% advocating for it as a reserve asset.

The survey also predicts that 58% of respondents believe 10% or more of public companies will hold Bitcoin in the next five years.

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Nickel Digital’s CEO, Anatoly Crachilov, noted that institutional investors are increasingly seeing Bitcoin as a valuable reserve asset, helping to hedge against currency devaluation.

Currently, the Bitcoin held by these companies constitutes just 1.6% of Bitcoin’s total supply.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.