A growing number of publicly traded companies are making significant commitments to Bitcoin, with 35 firms now holding over 1,000 BTC in their treasuries.
The increase marks a steady rise in institutional adoption, up from 24 companies holding a comparable amount at the end of the first quarter and 30 companies at the end of the second quarter.
Data analysis from Fidelity Digital Assets underscores this upward trajectory, highlighting increasing corporate confidence in Bitcoin.
Companies are allocating substantial sums to Bitcoin, signaling strong institutional belief in its potential role within the global financial system.
Key motivations driving these substantial allocations include utilizing Bitcoin as an inflation hedge, diversifying portfolio risk, pursuing long-term value preservation, and implementing strategic treasury management practices.