Public companies significantly bolstered their Bitcoin reserves last week, collectively investing $953 million into the leading cryptocurrency. This substantial outlay underscores a key trend of growing institutional interest and strategic treasury management diversification into digital assets.
The purchases were led by major player Strategy, which acquired 6,220 BTC valued at approximately $739.8 million. This significant addition brings Strategy’s total Bitcoin holdings to 607,770 BTC, solidifying its position as a major corporate holder.
Other notable public companies also contributed to the influx. French technology firm Sequans invested $150 million, The Smarter Web added $36.1 million worth of Bitcoin, Semler Scientific committed $25 million, and Blockchain Group purchased $2.56 million worth. These combined acquisitions reflect a strategic push towards incorporating Bitcoin as a hedge against inflation and an asset driving innovation.
The total Bitcoin holdings of tracked public companies now stand at approximately 681,680 BTC, valued at $80.4 billion. This substantial corporate reserve represents 3.43% of Bitcoin’s total circulating supply.
This surge in corporate investment highlights institutional confidence in Bitcoin’s long-term value proposition, viewing it as both a viable treasury reserve asset and a technological advancement, even amidst ongoing market volatility challenges.