Public Companies’ Weekly Bitcoin Purchases Fall 99.14% to $17.38 Million

According to SoSoValue, two listed companies disclosed net Bitcoin buying last week, while total corporate holdings reached 1,114,060 BTC worth about $86.03 billion at publication.

BTC

Summary

Global listed companies bought a net $17.38 million of Bitcoin last week, a 99.14% drop from the previous period, according to SoSoValue. The activity was led by DayDayCook, which purchased 200 BTC for $15.8992 million on May 21, followed by The Smarter Web Company, which bought 19 BTC for $1.48 million. As of publication, public companies collectively held 1,114,060 BTC valued at about $86.03 billion, highlighting the scale of corporate Bitcoin treasury exposure even as weekly buying slowed sharply.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
  • Bitcoin treasury: A corporate strategy of holding Bitcoin on a company balance sheet as a reserve asset.
  • Net purchases: Total buying minus selling over a given period, showing whether overall holdings increased.