United

Thomas

Bitcoin

Bitcoin holdings of publicly listed companies have increased by almost 200% in a year, from $7.2 billion to $20 billion.&nbsp;
Bitbo data <a data-ct-non-breakable="null" href="https://treasuries.bitbo.io/" rel="null" target="null" text="null">shows</a> that 42 publicly listed companies hold 335,249 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null">BTC</a>) worth roughly $20 billion. According to investment manager Nickel Digital Asset Management, the amount of BTC publicly traded firms held a year ago was worth $7.2 billion, which is a 177.7% increase in the value of BTC holdings of public firms.&nbsp;
<figure>
 <img alt="Bitcoin holdings of publicly listed firms increased to $20B in one year: Data" name="" src="https://s3.cointelegraph.com/uploads/2024-08/01919907-9dee-7c7a-88a9-f4c38d48566b">
 <figcaption style="text-align: center;">
 Some of the publicly traded companies that own Bitcoin. Source: Bitbo
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</figure>
The trend started with business intelligence firm MicroStrategy <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/worlds-biggest-business-intelligence-firm-buys-21k-btc-for-250m" rel="null" target="null" text="null">buying over 21,000 BTC</a> in August 2020, making Bitcoin its primary treasury reserve asset. As of August 2024, the business intelligence firm increased its holdings to 226,500 BTC.&nbsp;
Because companies’ interest in holding BTC has increased, Nickel Digital commissioned a survey to learn more about how institutions feel about holding the asset.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-long-term-holder-10-billion-price-falls-below-60k" rel="null" target="null" text="null">Long-term Bitcoin holder buys hit $10B mark as price slips below $60K</a>
<h2 id="institutional-survey-highlights-strong-belief-in-holding-bitcoin">Institutional survey highlights strong belief in holding Bitcoin&nbsp;</h2>
During the study, the researchers approached 200 institutional investors and wealth managers in the United States, the United Kingdom, Germany, Singapore, Switzerland, Brazil and the United Arab Emirates.&nbsp;
The results showed that 75% of organizations already invested in the crypto space believe publicly listed companies should hold Bitcoin. Meanwhile, 26% of the survey participants strongly supported Bitcoin’s use case as a reserve asset.&nbsp;
Nickel Digital also highlighted that the survey participants — who collectively manage $1.7 trillion in assets — expect stronger growth in the number of Bitcoin held by publicly traded companies.&nbsp;
Of the survey participants, 58% believe that 10% or more of listed companies will hold BTC on their balance sheets in the next five years, and 8% of the survey participants predicted that 25% or more of public firms would add Bitcoin to their balance sheets in the next five years.&nbsp;
Nickel Digital CEO and founding partner Anatoly Crachilov believes the results highlight how institutional investors see long-term value in BTC. He explained:&nbsp;
<blockquote>
 “Institutional investors and wealth managers are clearly seeing long-term value in having listed companies initiate exposure to digital assets as part of their reserve allocation thus helping mitigate the risk of currency debasement.”
</blockquote>
The 335,249 BTC that public companies currently hold only represents 1.6% of Bitcoin’s total supply, which is capped at 21 million.&nbsp;
 Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-price-ethereum-etf-thomas-fahrer/" rel="null" target="null" text="null">X Hall of Flame: Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer</a>

Bitcoin holdings of publicly listed firms increased to $20B in one year: Data

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Cointelegraph

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