The BTC treasury companies also recorded 11 financing initiatives for future BTC purchases, with $47 million already secured. The Smarter Web Company raised $23.5 million, Belgravia Hartford $9.7 million, and The Blockchain Group $7 million. H100 Group, Vaultz Capital, and LQWD also announced multimillion-dollar rounds for the purchase of Bitcoin.
Other corporate movements show long-term commitments to BTC. Matador Technologies filed a base prospectus of $656 million, while Bitcoin Treasury Corporation filed one of $219 million. Other filings include the $20.7 million ATM line from B Treasury Capital and the $7.3 million ATM program from LQWD.
Additionally, Bitcoin treasury companies have noticed strategic changes. Tao Alpha changed its name to Satsuma Technology and appointed a new CEO. Matador unveiled a long-term roadmap for BTC acquisition.
The activity indicates a growing institutional demand for the cryptocurrency. Bitcoin's rise to a new all-time high of $123,000 this week reflects confidence in it as a massive store of value.