A record number of companies increased their exposure to Bitcoin in the third quarter of this year, even as the cryptocurrency market begins to emerge from a period of volatility.
According to one source, the number of publicly traded companies holding Bitcoin has surged to 172, an increase of nearly 40% in just three months. Tweet from asset management company Bitwise on Wednesday.
As of September 30th, these companies collectively held more than 1.02 million bitcoins, worth about $117 billion. That number has increased to $1.02 million and $118.4 billion in the past two weeks, according to . Bitcoin government bonds data.
“We are seeing a growing wave of public and private companies increasing their Bitcoin holdings as part of a broader strategic shift,” BitGet CEO Gracie Chen said. decryption. “For many, this is not just an inflation hedge, but also a long-term bet on digital assets as core treasury reserves.”
A closer look at the data revealed that listed companies were the most active accumulators, adding over 193,000 BTC to their balance sheets, an increase of 20.68% quarter-on-quarter.
Bitcoin adoption by public companies significantly outpaced growth in other sectors such as private companies and exchange-traded funds, which grew by 2.21% and 6.7%, respectively.
Major corporate holders include familiar names like MicroStrategy, which holds 640,031 Bitcoin, as well as new entrants like Metaplanet, which more than doubled its holdings during the quarter.
Bitcoin led inflows of $2.67 billion last week, and institutional investor interest remains strong. Digital asset investment products saw a total of $3.17 billion in inflows last week, bringing the year-to-date total to a record $48.7 billion, according to the latest data from CoinShares. report.
Citing recent developments, Chen attributes this acceleration to the accelerating regulatory environment under the Trump administration. accounting reform US Strategic Bitcoin Reserve, SEC Generic Drug Approval, etc. Listing criteria For commodity-based trust stocks.
Looking ahead, she predicts that continued ETF inflows and broad adoption across balance sheets could potentially take “Bitcoin closer to $160,000 in the fourth quarter.”
Peter Chan, head of research at Presto Research, said this accumulation is primarily driven by digital asset vaults. decryption.
“Their raison d’être is to acquire crypto assets that are funded by issuing securities in the public market,” Chung added. “As long as there is an appetite for issuing securities in the public market, they will continue to do this.”
Unlike individual traders who have a short-term outlook, institutional investors invest with a long-term perspective. The ongoing trade war between the US and China is unlikely to influence these types of investor decisions. decryption That’s what I was told.
Despite the short-term volatility, analysts have characterized the recent decline as a “recalibration” driven by geopolitical tensions rather than a failure of underlying bullish theory, suggesting that a long-term accumulation trend remains. intact.
