## Corporate Bitcoin Adoption Surges in Q1 2024 Global companies significantly increased their Bitcoin (BTC) holdings in the first quarter of 2024, purchasing a total of 95,431 BTC, according to a Bitwise report cited by Cointelegraph. This represents a substantial 16.11% increase compared to the previous quarter, indicating growing institutional confidence in Bitcoin as a store of value. As of the end of Q1, corporate Bitcoin holdings totaled approximately 688,000 BTC, representing about 3.28% of the total Bitcoin supply. This increasing scarcity further strengthens Bitcoin's long-term value proposition. ## Top Bitcoin Holders: Strategy Leads the Way The top three corporate Bitcoin holders remain dominant players in the space. Strategy, formerly MicroStrategy, continues to lead with an impressive 528,185 BTC. Marathon Digital Holdings holds the second-largest position with 47,531 BTC, followed by Riot Platforms with 19,223 BTC. These companies are publicly traded and have significant exposure to Bitcoin, making them good examples of companies using Bitcoin as part of their treasury strategy. This ongoing trend suggests a maturing market and continued institutional interest in Bitcoin as a strategic asset. ```