2024

Bitcoin

Billion

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River Financial, a Bitcoin-focused financial institution, has&nbsp;<a href="https://x.com/TuurDemeester/status/1831718222782963738" rel="noopener noreferrer nofollow">predicted</a> that 10% of US companies will convert a total of $10.35 billion into the largest cryptocurrency over the next 18 months.&nbsp;
"We estimate that business bitcoin holdings will grow at a rate of between 204 and 519 BTC per day until the year 2026, equivalent to a range of $12.2 million and $31.1 million per day at a $60,000 bitcoin price," the company wrote in a recent report.&nbsp;
All businesses combined now hold a total of 700,000 BTC with a growth rate of 150,000 BTC per year.&nbsp;
Businesses now account for 3.3% of Bitcoin's total circulating supply.&nbsp;
Notably, American companies account for almost half of total holdings.&nbsp;
According to data provided by&nbsp;<a href="https://www.coinglass.com/BitcoinTreasuries" rel="noopener noreferrer nofollow">CoinGlass</a>, Virginia-based business intelligence firm MicroStrategy is in first place by total holdings with $12.82 billion.
Bitcoin mining giant Marathon Digital comes in a very distant second place with $1.41 billion worth of Bitcoin.&nbsp;&nbsp;
Tesla is also in the top 3 with $550 million. However, the company's holdings have shrunk significantly since its original Bitcoin fortune which was acquired back in early 2021.&nbsp;
As&nbsp;<a href="https://u.today/michael-saylor-predicts-pension-funds-will-need-some-bitcoin" rel="noopener noreferrer nofollow">reported by U.Today</a>, MicroStrategy CEO Michael Saylor previously predicted that 2024 would be the year of institutional Bitcoin adoption.
As noted by River, Bitcoin's adoption as a treasury asset is yet to become mainstream. Still, it experienced significant growth in 2024 due to major firms offering Bitcoin products.&nbsp;&nbsp;
Earlier this year, the market experienced renewed optimism due to the introduction of Bitcoin ETFs. Despite their stunning success, businesses overwhelmingly choose to hold real Bitcoin.&nbsp;

US Companies Predicted to Buy $10 Billion BTC in 18 Months

U_Today

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