The number of public companies holding Bitcoin rose 38% between July and September, to a sign that “large players doubled, did not turn away” from Bitcoin, according to analysts.
Crypto asset manager is pretty Found In the Q3 Corporate Bitcoin Adoption report, mentioning data from Bitcointreasuries.net, that 172 companies are now holding Bitcoin (Btc), with 48 before entering the digital asset space during the quarter.
Bitwise CEO Hunter Horsley Says In an X post on Tuesday that the figures were “completely noticeable,” and show that “people are willing to own Bitcoin. Companies are doing the same.”
Bitwise’s report also found that the value of total handling in all companies increased to $ 117 billion, up to a 28% quarter in the quarter. The total number of coins held also crossed more than one million, representing 4.87% of the total supply.
Large corporations still like BTC
In a conversation with Cointelegraph, Rachael Lucas, an analyst at the Australian Cryptocurrency Exchange BTC Markets, said the growing accumulation suggests that “the larger players are doubling, not backing.”
Bitcoin’s largest treasury company in the distance is Michael Saylor’s approach, along with the most – Recently bought on October 6; now holding 640,250 tokens. Meanwhile, Crypto Miner Mara Holdings is the second largest with 53,250 Bitcoin, after its handling increased on Monday.
“As more corporations and even sovereignty steps, we hope this momentum will continue, especially if the clarity of the regulation improves and the infrastructure that supports institutional crypto adoption,” Luke added.
At the same time, Luke thinks a clear signal that “the institutional adoption deepens,” because “they are not only chasing short-term observations, they make long-term decisions on digital properties as part of their ark approach.”
“This participation helps in the crypto-leisurely legitimacy as a major asset class and puts the foundation for greater financially innovative, from Bitcoin-supported loans to new derivatives markets.”
Supply is absorbed, so when did the bull run?
Despite the ever -increasing accumulation, the price of Bitcoin has become Pabagu -Change of Pabagu -Change of Late. Luke says corporations usually buy Bitcoin over-the-counter.
However, he also said that while institutions are buying, other forces may be in play and cause “sharp correction,” such as long -term holders to earn revenue, increased derivatives’ activity, and macroeconomic shocks, such as Recent trading tensions in US-China.
Meanwhile, Edward Carroll, head of the Blockchain investment company MHC Digital Group, told the cointelegraph that while the accumulation of Bitcoin Treasury is still in its early stages, “climbing institutional interest” is likely to cause a demand and supply of weight loss, “which should be strictly put Medium-long term.
As a result, Carroll thinks the demand for Bitcoin is “ordered and rising in the coming years,” and he hopes to “rot from a relationship with risk/emotion as the institutional demand gains.”
Related: Crypto Treasury Share Buybacks can signal a ‘breed of credibility’ is in
Typically, miners make up about 900 bitcoin per day, According to In the Bitbo. A report from the Financial Services Company River, released in September, found that businesses were getting 1,755 Bitcoin on average each day in 2025.
Crypto becomes mature
More on Corporate Crypto buy, Funds exchanged by Bitcoin Exchange also rising, which, according to Luke, opens the door for the more traditional investors to obtain exposure to digital possession by familiar, regulated vehicles, marked a “significant transfer and a basic step toward the mainstream adoption.”
Last week, the US spot bitcoin etfs Resumed their strong “uptober” Performance with $ 2.71 billion in weekly flow.
“What we have witnessed is a mattress market. The crypto is emerging from an imaginary playground to a legitimate property with grade-institutional participation.”
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