61 public firms now hold 3.2% of all existing Bitcoin supply.
Many companies bought Bitcoin above $90K, signaling high long-term conviction.
Bitcoin adoption as a treasury asset continues rising despite market volatility.
Wall Street doesn’t gamble without a reason, and Bitcoin — BTC, has become their favorite high-stakes table. Sixty-one publicly traded companies now hold over 680,000 Bitcoin. That’s 3.2% of all that will exist. Some bought in above $90,000 per coin, showing they’re not afraid to bet big and early. While Bitcoin's price still dances with volatility, these firms see treasure where others see turbulence. And this shift changes the market in ways few truly grasp.
https://twitter.com/esatoshiclub/status/1930207116624617693 Corporate Bitcoin Fever Escalates
Standard Chartered’s recent report revealed a wave of corporate enthusiasm for Bitcoin as a treasury asset. Among 124 public companies holding BTC, just 61 control more than 673,000 coins combined. These holdings have ballooned over the last two months, doubling from 50,000 to nearly 100,000 BTC. These firms didn’t just dip toes—they dove headfirst, and many entered at premium price levels. Over 50% of them bought Bitcoin at an average cost above $90,000 per coin.
By comparison, Strategy—Bitcoin’s most iconic corporate backer—averaged $70,023 per coin for nearly 581,000 BTC. Their imitators seem driven more by momentum than by meticulous planning. Geoff Kendrick, Standard Chartered’s head of digital asset research, warned of potential downside risks. He pointed to Bitcoin’s wild price swings and the market inefficiencies pushing firms to chase the trend. Still, excitement drowns out caution. Many of these companies hold high net asset value multiples. This suggests strong investor confidence, even with shaky short-term charts.
Risk, Resilience, and the Bigger Picture
Recent entrants like Canada’s SolarBank and France’s Blockchain Group announced major Bitcoin acquisitions. These aren’t just tech firms anymore—traditional sectors are now buying and storing Bitcoin on balance sheets. SolarBank, for example, filed for custody services with Coinbase Prime for safekeeping and future expansion. Meanwhile, Blockchain Group dropped $68 million into Bitcoin within days of other major purchases.
This rapid accumulation raises questions: Are these firms visionary pioneers or reckless gamblers? According to Michael Saylor of Strategy, the risk isn’t holding Bitcoin—it’s ignoring future monetary shifts. He explained their capital structure can withstand Bitcoin dropping 90% and staying there for years. That’s either confidence or madness, depending on your view of Bitcoin’s future role in finance.
Former Binance CEO Changpeng Zhao sees the strategy as bold, not blind. “Not taking risks is a risk in itself,” he posted, highlighting the evolving mindset of today’s investors. What once seemed radical now looks calculated, measured steps toward long-term digital dominance. Bitcoin is transforming from speculative asset into corporate reserve currency. And when the giants move, the earth shakes.
