Public firms own 500% more Bitcoin than four years ago—what's next?

Bitcoin institutional use rises 587% since 2020.
Top Bitcoin holdings include MicroStrategy, Tether, BitMEX, and Xapo with 559,000 BTC.

Nearly 3 million wallet addresses purchased BTC between $58,300 and $61,500, major resistance.

At $57,096 on Thursday, 78% of BTC holders are profitable.

Bitcoin (BTC) use among companies accelerated in the previous four years. Businesses accumulated 580% more BTC between 2020 and 2024, according to Bitcointreasuries.net.

BTC trades at $57,096 Thursday, September 5. The biggest cryptocurrency lost 1.27% today.

Bitcoin institutional adoption tops 580% in four years
River, a Bitcoin-only financial services provider, reports 683,000 BTC held by public corporations. Institutional investors' BTC rose 587% since 2020.

The top five Bitcoin holders are MicroStrategy, Block.One, Tether, BitMEX, and Xapo. Businesses possess 559,000 Bitcoin, 82% of their overall holdings.

CryptoQuant indicates that whales and institutional investors were unaffected by the Bitcoin price adjustment. Over 1,000 BTC wallet addresses expanded rapidly in 2024, reaching their greatest number since BTC's foundation.

Bitcoin faces critical obstacles reaching $61,500.
IntoTheBlock on-chain data reveals 2.99 million wallet addresses acquired 1.49 million Bitcoins for $58,305–$61,578. These wallet addresses bought BTC for $59,820 on average.

Bitcoin might rise 7.48% to $61,500. The imbalance zone between $60,234 and $62,800 resists the asset. The Relative Strength Index (RSI) is 41.74, below 50.

Once $61,500 resistance turns into support, BTC might aim $62,800. The imbalance zone's top limit.

If the asset corrects, $55,606, the September 4 low, might sustain it.


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