Корпоративные запасы биткоина: новый рекорд и уверенный рост интереса со стороны публичных компаний Corporate Bitcoin Reserves: New Record and Growing Interest from Public Companies

From July to September, 48 new companies joined the ranks of those accumulating the first cryptocurrency. According to Bitwise, the total number of corporate holders of digital gold has reached 172.

Hunter Horsley, the CEO of the asset management firm, described these figures as «outstanding.» He emphasized that interest in Bitcoin is being shown not only by private investors but also by publicly traded companies.

The combined reserves held by companies have surpassed 1 million BTC, valued at $117 billion, which accounts for 4.87% of the total supply of digital gold. The largest holder remains Michael Saylor’s Strategy, which owns 640,250 BTC worth $71.9 billion, followed by MARA Holdings with 53,250 BTC valued at $5.9 billion.

Rachel Lucas, an analyst at BTC Markets, noted that the increase in crypto-focused firms indicates that «major players are doubling down rather than retreating.» At the beginning of September, analysts from CryptoQuant reported a significant slowdown in the growth rate of corporate Bitcoin reserves.

Lucas believes that this trend will persist. In comments made to Cointelegraph, she highlighted that companies acquiring digital assets are not seeking short-term gains but are making strategic long-term decisions.

Corporate treasuries continue to accumulate Bitcoin, but its price remains volatile. Lucas identified several reasons for this response.

The first is the mode of accumulation. Companies typically purchase cryptocurrency through over-the-counter (OTC) markets. This strategy helps avoid price slippage but does not have an immediate impact on the asset’s spot prices.

The second reason is the push and pull of market forces. While public companies are buying the asset, other participants exert downward pressure, such as locking in profits at local highs or amplifying price fluctuations through derivatives.

Widespread sell-offs are also triggered by macroeconomic events, including the recent trade tensions between the U.S. and China. These tensions have led to liquidations in the crypto market exceeding $19 billion, causing Bitcoin’s price to plunge below $110,000.

Edward Carroll, head of markets at MHC Digital Group, remarked that despite the lack of noticeable price reactions, the fundamental imbalance in the market is increasing. He stated that this will have a «positive impact on the price of digital gold in the medium to long term.»

Demand for Bitcoin is expected to be «orderly and will continue to rise in the coming years.» An important consequence of this process will be the gradual diminishing of the asset’s correlation with overall market sentiments, the expert emphasized.

According to Bitbo, miners produce about 900 BTC daily, while companies acquire an average of 1,755 BTC.

Finally, CryptoQuant analyst Axel Adler stated that Bitcoin has passed the test of maturity.