Bitcoin
BTC$105,663.54
At the end of May, 116 public companies are currently consolidated, with 116 public companies combined with 809,100 BTC worth around $85 billion based on current prices.
According to a latest report from Binance Research, this is a dramatic rise from 312,200 BTC held a year ago. Almost 100,000 BTC has been added in early April alone.
The surge appears to be driven by a mix of price increases and construction tailwinds. Donald Trump has adopted a pro-cryptic stance during the 2024 presidential election, pledging to make the US a global hub for asset classes and create “Planetary Crypto Capital.”
Since Trump took office, he has moved to establish strategic Bitcoin reserves and US digital asset stockpile, but the Securities and Exchange Commission has stopped numerous lawsuits against major crypto companies.
Binance reports show that Bitcoin Treasury accumulation increased in November, when Trump won the election.
In addition to that, new fair value accounting rules introduced this year by the Financial Account Standards Committee (FASB) allow businesses to recognize the benefits of BTC holdings and remove long-standing deterrents.
New entrants, including GameStop (GME) and PSG, have recently begun to accumulate BTC as a well, but the strategy still holds the BTC lion’s share in the corporate treasury, with more than 70% of the shares held.
Some companies also have toes on other assets. Sharplink holds $425 million in ETH, but Defi Development and Classover are betting on Solana
Sol$153.62
. China-based company Webus recently filed for $300 million
XRP$2.22
Strategic Reserve.
Still, these Altcoin holdings are relatively small and often tied to companies attempting to rebrand as token-forward entities, Binance noted.
Binance’s report also flagged the rapid rise in tokenized real world assets (RWAS). This has risen from $8.6 billion to $23 billion this year, more than 260%.
