Corporate adoption of Bitcoin is gaining ground, with shares in corporate treasuries more than doubling over the past year, Mitrade reports. The trend is also highlighted by the published data of Bradley Duke of Bitwise. They show that the integration of Bitcoin into corporate strategies is rapidly spreading.
In just one year, corporate reserves of the leading cryptocurrency have grown from 262,632 BTC at the end of 2023. to over 591,000 BTC at the end of 2024. Duke believes this is just the beginning, predicting a sharp increase in enrollment throughout 2025. Companies such as Japan's Metaplanet plan to dramatically expand their holdings, targeting a target of 10,000 BTC from the current 1,762 BTC. Meanwhile, Kurltechnologg, an energy company, bolstered its reserves with a $21 million purchase, doubling its total holdings to 430 #BTC.
MicroStrategy remains the leading player in corporate Bitcoin investments. With its latest acquisition of 1,070 BTC for $101 million, the company now owns a staggering 447,470 BTC acquired worth nearly $28 billion. Last year alone, it purchased 258,000 BTC, representing 80 percent of all corporate Bitcoin acquisitions.
The company's bold strategy is backed by a $2 billion capital raising, bolstering a long-term plan to invest $42 billion in the cryptocurrency over the coming years.
New Financial Accounting Standards Board (FASB) rules now allow companies to value their crypto assets at market prices, highlighting Bitcoin's impact on balance sheets. Perhaps for this reason and the resurgence of BTC value, MSTR stock is also recovering after falling 45% from its peak. It's already up 30% year-to-date, taking its market cap to $93 billion — enough to put it back on the top 100 list of companies by market capitalization.