Block-1626
The interest of enterprises in Bitcoin is evident, at least in the financial departments of companies. More and more companies are joining this trend, demonstrating the appeal of this cryptocurrency and its position as a safe-haven asset.
At the beginning of July, corporate purchases of Bitcoin surged, with 54 companies announcing new funding reserve plans or purchase actions. A total of over 8,400 Bitcoins (approximately $500 million at current prices) flowed into corporate accounts.
Flexible startups and established companies are joining this buying spree, highlighting the rapid transformation of corporate finance towards digital assets.
The S-1 filing submitted by Figma shows that it acquired nearly $70 million worth of Bitcoin (approximately 843 Bitcoins), a move that surprised investors. Cel AI and Opyl Limited entered the market for the first time, while Hyper Bit increased its Bitcoin holdings.
Meanwhile, dozens of companies, including two from the gold industry, announced future cryptocurrency allocation plans. Amber International raised nearly $26 million through private placement for its Bitcoin strategy, while a consortium planning to acquire DV8 intends to include Bitcoin in its new funding reserve framework.
About 18 companies actually increased their Bitcoin holdings, purchasing a total of 7,591 Bitcoins. Blue Star Capital obtained indirect exposure to Bitcoin through $1.7 million in financing, while Metavesco launched its first formal funding reserve plan. Sweden's Fragbite Group added Bitcoin worth approximately $530,000.
Gold mining company Hamak Gold reserved its $3.4 million financing proceeds for future Bitcoin purchases. From industry giants to niche players, this series of activities indicates that companies are increasingly confident in holding cryptocurrencies for the long term and are diversifying.
In addition to immediate purchases, 14 companies indicated plans to continue increasing their Bitcoin reserves. Food service operator DDC Enterprise shocked the market with nearly $530 million in new financing, part of which will be used to purchase Bitcoin.
Publicly announcing these plans helps companies assure investors that cryptocurrencies are not just a fleeting attempt.
Additionally, six other disclosures range from policy adjustments to internal guideline updates. This transparency can alleviate concerns about Bitcoin price volatility, custody risks, and accounting treatment.
This wave of activity indicates that cryptocurrencies have far exceeded niche appeal. Although price volatility remains a factor and custody logistics must be in place, more and more companies view Bitcoin as a practical means of storing value.
As startups and blue-chip companies formulate plans and engage in purchasing actions, the role of Bitcoin in corporate funding reserves is bound to deepen further.
The original text is sourced from bitcoinist and compiled by Blockchain Knights. The English copyright belongs to the original author, and the Chinese version must contact the editor for reprints.
Recommended Reading
Featured Articles
JPMorgan applies for the "JPMD" trademark for digital asset payments; the U.S. Senate approves a milestone stablecoin GENIUS bill; just now, Circle and BlackRock team up to disrupt the derivatives market; Beckham's company buys $20 million in Bitcoin; exclusive reveal: how a $30 billion company went bankrupt in 3 days.
Give a "like, share, recommend" 👇
