Bitcoin Record! 61 Business Add BTC to Their Treasury in 2 Months
A wave of public companies is including Bitcoin to their balance sheets, inspired by early success stories and growing monetary uncertainty. In the past 2 months alone, 61 non-crypto companies have adopted Bitcoin treasury strategies, doubling their holdings to almost 100,000 BTC and signaling a significant shift in how corporations maintain and manage value.
Why Companies Are Suddenly Buying BTC
Public companies are turning to Bitcoin to replicate the gains of early adopters like MicroStrategy (formerly known as Technique). Since 2020, MicroStrategy has acquired over $63 billion in Bitcoin, with its stock rising more than 3,000%. Companies utilize credit markets, including convertible debt, to purchase Bitcoin at scale, often trading at a premium due to investor confidence in their ability to continue accumulating. Bitcoin is also viewed as a hedge against inflation, interest rate changes, and geopolitical risks. Its scarcity and decentralized nature add to its appeal. Recent FASB rules allowing fair value accounting and the approval of Spot Bitcoin ETFs have enhanced regulatory clarity. Support from political figures like Donald Trump, who has proposed a national Bitcoin reserve, adds further momentum.
Recent Corporate Bitcoin Treasury Announcements
In recent months, companies across industries have accelerated their push into Bitcoin. On June 3, Canadian energy company SolarBank began the process of opening a Bitcoin wallet with Coinbase Prime, preparing to hold BTC as part of its treasury strategy. That same day, Blockchain Group (ALTBG), based in Paris, announced a $68 million Bitcoin purchase and revealed plans to grow its holdings to as much as 260,000 BTC by 2033. Shortly after, Norwegian brokerage K33 raised $6.2 million to purchase up to 1,000 Bitcoin, while GameStop made headlines with a $513 million BTC purchase, adding 4,710 coins to its balance sheet. Paris Saint-Germain also confirmed it was continuing to hold Bitcoin, building on its earlier investment announced in 2024. Numerous other firms are integrating Bitcoin with broader financial strategies. Norwegian Block Exchange plans to utilize BTC as collateral to issue a stablecoin and generate yield. Trump Media and Technology Group, backed by Donald Trump, aims to raise $2.5 billion for Bitcoin purchases through stock sales and convertible notes. Crypto.com and Anchorage Digital will act as custodians. Strive, an asset management company, is preparing to go public and raise $1 billion to establish a Bitcoin reserve. In healthcare, KindlyMD has merged with Nakamoto Holdings to introduce a Bitcoin-focused financial strategy. Meanwhile, a new company called Twenty One– backed by SoftBank, Tether, and Cantor Fitzgerald– is set to go public with over 42,000 BTC on its balance sheet, positioning itself as a dedicated Bitcoin accumulation firm.
