Bitcoin has solidified its presence in corporate treasuries, with 116 public companies collectively holding approximately 809,100 BTC, valued at about $85 billion as of late May. This reflects a major climb from the 312,200 BTC held a year prior, according to a recent report from Binance Research. Notably, around 100,000 BTC has been added since early April alone.
The rise in corporate holdings is attributed to a combination of climbing Bitcoin prices and favorable structural changes. Donald Trump’s pro-crypto rhetoric during his 2024 presidential campaign has promoted a vision for the U.S. as a leader in cryptocurrency, including plans for a Strategic Bitcoin Reserve. The dropping of several lawsuits against major crypto firms by the U.S. Securities and Exchange Commission further bolsters this trend.
In last November's elections, following Trump’s victory, there was a notable increase in Bitcoin treasury accumulation. Changes in accounting rules this year by the Financial Accounting Standards Board (FASB) now allow companies to acknowledge gains from Bitcoin holdings, overcoming previous barriers.
While Bitcoin dominates corporate treasuries, newer players like GameStop and PSG are starting to invest in it as well. However, Strategy remains the largest holder with over 70% of all corporate Bitcoin. Some firms are also diversifying into other assets; for instance, SharpLink holds $425 million in ETH, while companies like DeFi Development and Classover are venturing into Solana. Webus, a China-based firm, has even sought to establish a $300 million XRP reserve. Yet, interest in altcoins is still relatively minimal and often associated with companies looking to pivot toward being more crypto-oriented.
The report also highlights the booming sector of tokenized real-world assets (RWAs), which surged by over 260% this year, rising from $8.6 billion to $23 billion. This indicates a growing diversification in the types of assets companies are willing to hold, beyond just Bitcoin.
The rise in corporate holdings is attributed to a combination of climbing Bitcoin prices and favorable structural changes. Donald Trump’s pro-crypto rhetoric during his 2024 presidential campaign has promoted a vision for the U.S. as a leader in cryptocurrency, including plans for a Strategic Bitcoin Reserve. The dropping of several lawsuits against major crypto firms by the U.S. Securities and Exchange Commission further bolsters this trend.
In last November's elections, following Trump’s victory, there was a notable increase in Bitcoin treasury accumulation. Changes in accounting rules this year by the Financial Accounting Standards Board (FASB) now allow companies to acknowledge gains from Bitcoin holdings, overcoming previous barriers.
While Bitcoin dominates corporate treasuries, newer players like GameStop and PSG are starting to invest in it as well. However, Strategy remains the largest holder with over 70% of all corporate Bitcoin. Some firms are also diversifying into other assets; for instance, SharpLink holds $425 million in ETH, while companies like DeFi Development and Classover are venturing into Solana. Webus, a China-based firm, has even sought to establish a $300 million XRP reserve. Yet, interest in altcoins is still relatively minimal and often associated with companies looking to pivot toward being more crypto-oriented.
The report also highlights the booming sector of tokenized real-world assets (RWAs), which surged by over 260% this year, rising from $8.6 billion to $23 billion. This indicates a growing diversification in the types of assets companies are willing to hold, beyond just Bitcoin.
