Massive Corporate Bitcoin Holdings Now Exceed 3% of Total BTC Supply

Interest in **Corporate Bitcoin** holdings is surging as more companies follow the lead of pioneers like **MicroStrategy**. Recent data highlights a significant trend: corporate treasuries are rapidly accumulating Bitcoin, now controlling a substantial portion of the total **BTC supply**.

The Growing Trend of **Bitcoin Treasury** Strategies

According to a report from Standard Chartered, at least 61 corporate treasuries have officially adopted a **Bitcoin treasury** strategy. These companies collectively hold a significant amount of the cryptocurrency.

Here are some key findings from the report:

• Publicly listed companies worldwide own a combined 673,897 Bitcoin.
• This represents about 3.2% of the total projected **BTC supply** of 21 million.
• The trend is accelerating, with many recent adopters significantly increasing their holdings.

Geoff Kendrick, Standard Chartered’s global head of digital asset research, noted the dual nature of this trend, observing it drives buying pressure but also introduces potential risks over time.

How Corporate Accumulation Compares to **MicroStrategy**

While **MicroStrategy** remains the largest corporate holder of Bitcoin, a group of other companies, sometimes referred to as ‘imitators,’ are increasing their pace of **Bitcoin adoption**. The report highlights that 60 of these companies collectively doubled their Bitcoin holdings in the past two months.

Comparing the recent accumulation speed:

• These 60 companies added approximately 50,000 BTC in two months (from below 50,000 to about 100,000 BTC).
• In the same period, **MicroStrategy** added about 74,000 BTC.
• While MicroStrategy added more volume, the relative growth rate for the group of 60 was faster, doubling their previous total.

This indicates that the trend of corporate **Bitcoin adoption** is broadening beyond just a few major players.

Potential Risks Associated with **Corporate Bitcoin** Holdings

Standard Chartered’s report also discussed potential downsides. Many corporate treasuries acquired Bitcoin at higher average prices than early adopters like **MicroStrategy**.

Consider these points:

• 50% of the analyzed companies have an average purchase price above $90,000 per BTC.
• This contrasts with MicroStrategy’s average cost of $70,023 per BTC for its 580,955 holdings.
• The report suggests that while current market inefficiencies justify high Net Asset Value (NAV) multiples for these companies, future market maturity could turn these holdings into a source of selling pressure if prices fall below their average cost basis.

This highlights the volatility risk inherent in holding a significant portion of assets in Bitcoin.

Examples of Recent **Bitcoin Adoption**

The trend continues to gain momentum with new companies announcing their **Bitcoin adoption**. Recent examples include:

• Canada’s SolarBank, a renewable energy developer, announced its treasury strategy and plans to use Coinbase Prime for custody.
• Paris-based crypto firm Blockchain Group disclosed a $68 million Bitcoin purchase.
• Norwegian brokerage K33 raised $6.2 million specifically to acquire BTC.

These examples show diverse companies across different sectors implementing **Bitcoin treasury** strategies.

What This Means for **BTC Supply** and the Market

The accumulation of over 3% of the total **BTC supply** by corporate treasuries has several implications. For now, it represents significant buying pressure, reducing the available supply on exchanges and potentially supporting prices. However, the report’s cautionary note about potential future selling pressure adds a layer of complexity.

Unlike some traditional assets, Bitcoin’s volatility means that corporate treasuries face the risk of their holdings dropping below their purchase price, which could impact their balance sheets and future investment decisions.

Conclusion: A Significant Shift in Corporate Strategy

The rise of corporate **Bitcoin treasury** holdings marks a notable shift in how companies manage their reserves. With over 3% of the total **BTC supply** now held by these entities, their influence on the market is growing. While the trend currently adds significant buying support, the potential risks associated with price volatility and high average purchase costs warrant careful consideration. As more companies engage in **Bitcoin adoption**, the intersection of traditional finance and cryptocurrency becomes increasingly important to watch.