These 3 Public Companies Now Own Nearly 4% of All Bitcoin and Why That’s Risky
Main Idea
Digital Asset Treasury Companies (DATCOs) now hold over $100 billion in digital assets, with publicly listed firms like MicroStrategy leading the holdings, and their growth is accompanied by both opportunities and risks.
Key Points
1. DATCOs collectively hold 791,662 BTC and 1,313,318 ETH, representing 3.98% of Bitcoin’s and 1.09% of Ethereum’s circulating supply.
2. MicroStrategy leads with BTC holdings valued at $71.8 billion and over $28 billion in unrealized profits.
3. DATCOs are diversifying beyond Bitcoin and Ethereum into assets like Solana (SOL), Ripple (XRP), and Binance Coin (BNB).
4. The US is the dominant hub for DATCOs, which can raise and deploy capital more flexibly than ETFs.
5. A major risk is the reflexive relationship between DATCO stock prices and Bitcoin’s price, which could amplify market volatility.
Description
DATCOs, a.k.a Digital Asset Treasury Companies, now collectively hold over $100 billion in digital assets. The bulk of these holdings is dominated by publicly listed firms, with Michael Saylor-led Strategy leading the pack, followed by Japan’s Metaplanet and US-based SharpLink Gaming. Together, treasury companies have amassed 791,662 BTC and 1,313,318 ETH, representing roughly 3.98% of Bitcoin’s and 1.09% of Ethereum’s circulating supply. DATCO Holdings Top $100B According to the latest report p...
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