Companies with Bitcoin on their balance sheets now hold 1,660,473 BTC, nearly 8% of total Bitcoin supply, according to Bitcoin Treasuries. MicroStrategy leads the way with 108,991 bitcoins holding roughly half of the total supply and representing a whopping 75% of the software intelligence company’s total market capitalization.
Tesla ranks second and still holds the 43,200 bitcoin it acquired in early 2021. The electric car maker is followed by Square, Marathon Digital Holdings and Coinbase. The fintech payment solutions company holds just over eight thousand BTC, while bitcoin miner MARA has allocated 5,425 bitcoin to its balance sheet. Coinbase, the largest US exchange, closes the top 5 with a shy 4,487 bitcoin pocket.
Michael Saylor’s MicroStrategy is the publicly traded company with the highest Bitcoin allocation, both in absolute terms and relative to its market capitalization. The software intelligence company, which yesterday bought an additional 3,907 Bitcoin for $ 177 million in cash, is leading the corporate world with the simplest yet most effective pair of strategies – DCA and HODL. The company’s current bitcoin bag of 108,991 BTC, which cost nearly $ 3 billion at the time of purchase, is now worth well over $ 5 billion and accounts for 75% of its total market cap, which is currently at 7.12 billion US dollar lies. MicroStrategy’s bitcoin holdings are up nearly 180% in US dollars, accounting for about 0.52% of the total supply of 21 million coins.
Publicly traded corporations, private corporations, governments, and ETF-like offerings combined currently hold 1,660,473 Bitcoin, about 7.91% of the total supply, according to Bitcoin Treasuries data. This percentage does not take into account lost or inaccessible bitcoins, and therefore the percentage of coins that can actually be used is likely to be more significant.
Given that most of the companies that put bitcoin on their balance sheets did so in 2020 or 2021, the race to accumulate bitcoin has only just begun. As more and more companies realize what Bitcoin actually is and its unique possibilities in the coming years, the race will intensify significantly and the offer on the market will continue to dry up. And while they don’t realize it, the Bitcoin plebs can enjoy constantly stacking sats at lower prices.