In a sign of the growing popularity of Bitcoin, between July and Septembre, 38% more public companies held Bitcoin. “large players are doubling down, not backing away” According to an analyst, Bitcoin is a good investment.
Crypto asset manager Bitwise found in its Q3 Corporate Bitcoin Adoption report, citing data from BitcoinTreasuries.NET, that 172 companies now hold Bitcoin (BTCThe digital assets treasury has grown by 48 during the last quarter.
Bitwise CEO Hunter Horsley said The figures will be posted on Tuesday in an X message. “absolutely remarkable,” Show that “People want to own Bitcoin. Companies do too.”
Bitwise’s report found also that the overall value of all holdings across companies had risen by over 28% from quarter to quarter. The number of coins in circulation has also exceeded one million. That’s 4.87%.
BTC is still popular with large corporations
Rachael Lusc, an analyst from the Australian crypto exchange BTC Markets told Cointelegraph that growing cryptocurrency accumulations suggest “larger players are doubling down, not backing away.”
Michael Saylor’s Strategy has the most Bitcoins in its treasury, making it by far the biggest Bitcoin treasury. recent buy on Oct. 6; it now holds 640,250 tokenMARA Holdings, a crypto-miner, is second with 53 250 Bitcoins, after an increase in its holdings on Monday.
“As more corporations and even sovereigns step in, we expect this momentum to continue, especially as regulatory clarity improves and the infrastructure supporting institutional crypto adoption matures,” Lucas added.
Lucas believes it is a signal to be taken seriously. “institutional adoption is deepening,” You can also find out more about “they’re not just chasing short-term gains, they’re making a long-term decision on digital assets as part of their treasury strategy.”
“This participation helps legitimize crypto as a mainstream asset class and lays the foundation for broader financial innovation, from Bitcoin-backed loans to new derivatives markets.”
The supply is being squeezed, when will there be a bull run?
The price is still rising despite the accumulation. Bitcoin has been volatile as of late. Lucas stated that most corporations buy Bitcoin over-the-counterA “quieter form of accumulation that avoids slippage and volatility,” But they also don’t have an immediate impact on the spot market prices.
But she added that other forces may be involved, even if institutions buy, and can cause problems. “sharp corrections,” Such as the long-term holders of derivatives taking profit, an increase in derivatives activity and macroeconomic shocks like the recent US-China trade tensions.
Edward Carroll from MHC Digital Group’s head of markets, who is also the director for Cointelegraph, said that Bitcoin treasury accumulating has only just begun. “surge in institutional interest” This imbalance will probably lead to a rise in demand. “which should firmly place upward pressure on price action in the medium-long term.”
Carroll predicts that the demand for Bitcoins is likely to increase. “ordered and increasing over the coming years,” He is expecting it to be a he “decouple from a correlation to risk/sentiment as institutional demand picks up.”
Related: Crypto treasury share buybacks could signal a ‘credibility race’ is on
The average miner generates 900 Bitcoin per each day. according Bitbo. In a report released by the financial services firm River in September, it was found that in 2025, businesses will be acquiring an average of 1,755 Bitcoin per day.
The Crypto maturing
Buy crypto for your business Bitcoin exchange-traded funds According to Lucas, the number of traditional investors who are able to access digital assets via familiar and regulated vehicle is also increasing. “significant shift and a major step toward mainstream adoption.”
US Bitcoin ETFs spotted in the US last week continued their strong “Uptober” Performance with weekly inflows of $2.71 Billion.
“What we’re witnessing is a maturing market. Crypto is evolving from a speculative playground into a legitimate asset class with institutional-grade participation.”
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Source: cointelegraph.com
