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Corporations Hold Over 1.02 Million Bitcoin Following Record Q3 Purchases

Corporations Hold Over 1.02 Million Bitcoin Following Record Q3 Purchases

Public companies have expanded their Bitcoin holdings to a record 1.04 million BTC, with Strategy leading the pack, as corporate interest continues to rise.

BTC

Summary

Public companies now hold over 1.04 million BTC, valued at around $117 billion, marking the highest Bitcoin holdings on record. This represents a 40% increase from the previous quarter, with 172 companies now holding Bitcoin. Strategy leads with 640,031 BTC, followed by Mara and XXI with 53,250 BTC and 43,514 BTC, respectively. The growing trend reflects continued corporate adoption of Bitcoin despite market fluctuations.

Terms & Concepts
  • Bitcoin SPAC: A special purpose acquisition company focused on Bitcoin-related investments or firms, designed to raise capital for mergers or acquisitions.
  • Corporate Bitcoin Adoption: The process by which corporations integrate Bitcoin into their balance sheets or investment strategies as a treasury reserve asset.
  • BTC (Bitcoin): The native cryptocurrency of the Bitcoin network, used as a digital store of value and medium of exchange.