Public Companies Now Hold Over 800,000 Bitcoin Worth $90 Billion, Strategy Holds $5.45 Billion in...

Public companies now hold over 800,000 Bitcoin worth $90 billion

Saylor’s Strategy holds over 70,000 BTC worth $5.45 billion

Bitcoin price expected to hit new highs soon.

Bitcoin adoption and institutional accumulation have increased significantly this bull cycle. Since leaders like Bukele and Saylor have led the charge, the word of Bitcoin is respected globally. So much so that public companies now hold over 800,000 Bitcoin worth $90 billion, with Strategy along holding over 70,000 BTC, amounting to an approximate total of Bitcoin worth $5.45 billion

Public Companies Now Hold Over 800,000 Bitcoin

Bitcoin adoption really began to hit the masses from the previous bull cycle, but the biggest move was made by the President of El Salvador, Nayib Bukele. This visionary made the revolutionary decision to make Bitcoin a legal tender before the price of BTC pumped to hit new ATHs. This brought major gains to the El Salvador government, and they were only getting started

Soon after, El Salvador provided an exclusive crypto wallet with $50 worth of BTC to every citizen so as to encourage BTC accumulation. The country also went on to mine BTC using the geothermal energy of their volcanoes. The nation has since used its BTC gains to improve the standard of living within its borders, and continues to buy more Bitcoin (BTC) regularly, despite attempts to slow its BTC buying strategy

Strategy Holds Over 70,000 BTC

Following Bukele’s lead was Michael Strategy the CEO of Strategy and what used to be MicroStrategy. This company has been trying to bridge the enormous lead that El Salvador has when it comes to Bitcoin (BTC) accumulation. Since then Saylor has ensured that not only was every crypto market dip a chance to accumulate BTC, but so was every other moment. Indeed, Saylor and Strategy bought BTC even in the most bullish times

As we can see from the post above, the image shared depicts a chart showcasing the BTC Treasuries of public companies. To highlight, the public company sector holds 807,853 BTC in total, worth over $90 billion, which is set to rise as the price of Bitcoin (BTC) is expected to hit higher highs in the coming weeks and months ahead. The chart shows that public and private companies, governments, and ETFs are in the lead

As for Strategy’s collection, as we can see from the post above, Arkham says that despite Saylor's claim about never disclose his Bitcoin addresses, it has begun identifying addresses linked to Strategy. After confirming 70,816 BTC associated with the company, Arkham estimates the total value of identified holdings at around $5.45 billion, representing 87.5% of Strategy's publicly disclosed Bitcoin holdings. This includes assets custodied with Fidelity Digital.