Bitcoin's Q2 Boom Being Fueled by Corporates: Bitwise

robot
Abstract generation in progress

Corporate adoption of bitcoin (BTC) accelerated dramatically in Q2, with public companies purchasing 159,107 BTC and bringing their collective holdings to 847,000 BTC valued at $91 billion, according to Bitwise.

This represents a 23% increase in holdings quarter over quarter and covers 4% of bitcoin’s total capped supply of 21 million BTC. The average bitcoin price climbed to $107,754, which drove a significant 61% boost in portfolio value compared to Q1.

The number of publicly listed firms holding bitcoin rose to 125, marking a 58% increase and welcoming 46 new companies into the fold. Strategy (MSTR) remains the leader, holding 597,325 BTC, followed by MARA Holdings (MARA) with 49,940 BTC and newcomer Twenty One (XXI) with 37,230 BTC.

Key developments fueling this surge include GameStop’s (GME) inaugural bitcoin acquisition of 4,710 BTC, signaling its entry into the crypto space. Meanwhile, Trump Media filed plans to raise $2.5 billion for bitcoin accumulation, underscoring how even politically linked enterprises are eyeing digital assets.

Tokyo-listed Metaplanet (3350),also made headlines by surpassing giants, such as Toyota and Sony in trading volume, highlighting the global breadth of corporate interest.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI policy.

View Comments

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)