#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#Over 100 Companies Hold Over 830,000 BTC#
Over 100 companies now hold more than 830000 BTC worth about $86.5 billion
This marks a growing trend of Bitcoin being used as a corporate treasury asset.
Companies like MicroStrategy Tesla and Block have led the way. MicroStrategy alone holds over 1% of all Bitcoins in existence, showing strong conviction.
Firms are drawn to BTC as a hedge against inflation and fiat currency risks. Some also see it as a long term store of value similar to digital gold.
The launch of spot Bitcoin ETFs by major players like BlackRock has made it easier for companies to gain exposure without holding the asset directly.
However, Bitcoin’s volatility remains a big concern. Price swings can be extreme, which makes some CFOs hesitant to invest company funds in BTC.
Accounting rules also discourage holding BTC. In many countries, unrealized losses must be reported, but unrealized gains are ignored which skews financial statements.
Despite these issues, Bitcoin is slowly becoming a small but strategic part of some corporate portfolios especially for companies that are tech-forward or macro-sensitive.
As more corporations buy and hold BTC demand increases. Since Bitcoin has a fixed supply even small increases in demand could drive the price much higher.
If corporate adoption continues to grow, Bitcoin could see both price appreciation and reduced volatility over time, making it even more attractive.
In short: Bitcoin is not yet the norm in corporate treasuries but it's on that path. The impact on pricey.