In recent years, the number of companies holding cryptocurrencies has increased: As of early April 2025, there were 89 publicly listed companies globally holding cryptocurrencies, and by May 28, this number surged to 113. According to data from crypto consulting firm Architect Partners, since June 1, 2025, 98 companies have announced plans to raise over $43 billion to purchase Bitcoin and other cryptocurrencies.
- Diversification of held currencies: Initially, publicly listed companies mainly held Bitcoin, such as MicroStrategy which holds a large amount of Bitcoin, and later gradually expanded to other cryptocurrencies like Ethereum, SOL, XRP, HYPE, etc.
- Large holdings and unrealized gains: Taking Hong Kong-listed companies as an example, Huajian Medical announced on August 8 that it purchased 5,190 Ether at an average price of $3,661, with an unrealized gain of $4.825 million as of August 12; Jinyong Investment holds 527.2 Ether with an unrealized gain of $461,000; Boya Interactive held 298 Ether with an unrealized gain of $873,000 as of May 29.
Reasons for the cryptocurrency hoarding trend
- Demand for asset appreciation: Since 2025, the price of cryptocurrencies has continued to rise, attracting publicly listed companies to follow suit and attempt to achieve asset appreciation.
- Optimizing asset structure: Some publicly listed companies view digital assets as an important component of diversified asset allocation to optimize their asset structure.
- Layout of the industry chain: As blockchain technology applications continue to expand, some publicly listed companies hope to participate in the relevant industry chain layout by holding digital assets to seek new points of performance growth.
Risks of the cryptocurrency hoarding trend
- Price volatility risk: The prices of cryptocurrencies are highly volatile, which may lead to significant fluctuations in the asset value of publicly listed companies, affecting the stability of financial statements.
- Regulatory policy risk: The regulatory policies for the cryptocurrency market are still unclear, and companies may face legal risks due to policy changes.
- Asset liquidity risk: Some cryptocurrency markets lack depth and have poor liquidity, which may make it difficult for publicly listed companies to liquidate their holdings when needed. #上市公司囤币潮
- Diversification of held currencies: Initially, publicly listed companies mainly held Bitcoin, such as MicroStrategy which holds a large amount of Bitcoin, and later gradually expanded to other cryptocurrencies like Ethereum, SOL, XRP, HYPE, etc.
- Large holdings and unrealized gains: Taking Hong Kong-listed companies as an example, Huajian Medical announced on August 8 that it purchased 5,190 Ether at an average price of $3,661, with an unrealized gain of $4.825 million as of August 12; Jinyong Investment holds 527.2 Ether with an unrealized gain of $461,000; Boya Interactive held 298 Ether with an unrealized gain of $873,000 as of May 29.
Reasons for the cryptocurrency hoarding trend
- Demand for asset appreciation: Since 2025, the price of cryptocurrencies has continued to rise, attracting publicly listed companies to follow suit and attempt to achieve asset appreciation.
- Optimizing asset structure: Some publicly listed companies view digital assets as an important component of diversified asset allocation to optimize their asset structure.
- Layout of the industry chain: As blockchain technology applications continue to expand, some publicly listed companies hope to participate in the relevant industry chain layout by holding digital assets to seek new points of performance growth.
Risks of the cryptocurrency hoarding trend
- Price volatility risk: The prices of cryptocurrencies are highly volatile, which may lead to significant fluctuations in the asset value of publicly listed companies, affecting the stability of financial statements.
- Regulatory policy risk: The regulatory policies for the cryptocurrency market are still unclear, and companies may face legal risks due to policy changes.
- Asset liquidity risk: Some cryptocurrency markets lack depth and have poor liquidity, which may make it difficult for publicly listed companies to liquidate their holdings when needed. #上市公司囤币潮
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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