Who’s Hoarding $113 Billion in Bitcoin? You’ll Never Guess the Corporate Culprits!

by

In these curious days, one observes-much like a gossipy village square-that a great many public companies have taken up the puzzling habit of hoarding Bitcoin as if it were some enchanted talisman. As early September unfurled her golden robes, the total of these digital treasures tucked away in corporate coffers astonishingly surpassed a sum exceeding one hundred and thirteen billion dollars. Quite the spectacle, one must admit.

Such a phenomenon betrays not only the ironclad faith of institutional gentlemen in Bitcoin as a sort of reserve currency, but equally the adoption of a rather novel, cryptic treasury model amongst these august bodies. Permit me, dear reader, to introduce you to the principal hoarders of these elusive coins.

The Grand Bearers of Bitcoin Treasure

The ledger reveals that publicly traded companies, those sturdy engines of commerce, now collectively clutch Bitcoin valued well beyond the one hundred billion mark. Yet, as fickle as the capricious winds of spring, the value oscillates between $111.24 billion and $113 billion-according to the oracle named BiTBO-who seems to have taken upon itself to tally these digital doubloons.

At the summit stands a behemoth named Strategy, a titan whose very name whispers of cunning and foresight. This entity holds a staggering 638,460 bitcoins-valued presently at approximately $73.63 billion-which accounts for nearly two-thirds of all Bitcoin domiciled in public enterprises. To put it plainly: Strategy guards about three percent of all twenty-one million coins minted since the dawn of Bitcoin creation. Quite the feat, if one considers it without a trace of envy.

Looming behind Strategy, like eager shadows in a chase, are the mining companies and those who fashion their business fortunes explicitly on Bitcoin accumulation. MARA Holdings, whose sobriquet is Marathon Digital, claims a noble second place with 52,477 bitcoins shimmering in its treasury-roughly $6.05 billion worth of digital glimmer. Other contenders in this curious race include XXI (Twenty-One Capital) with 37,229 coins, Bullish clutching 24,340, and Riot Platforms counting 19,309.

Bitcoin chart from BiTBO

What is most amusing, perhaps, is that some enterprises, neither minions of the mine nor traditional custodians of wealth, have nonetheless embraced this crypto-treasure craze with remarkable zeal. Take MetaPlanet, for example, which holds 20,136 bitcoins and recently concocted a grand plan involving expanding its shares from 180 million to a whopping 385 million, thereby raising $1.4 billion-intended solely to deepen its Bitcoin trove. Ah, the lengths to which men and companies will go for a slice of this digital cake.

Not to be outdone, the likes of GameStop and the Tesla cabal have also slyly tucked thousands of these coins into their own treasury wardrobes, no doubt to enliven their balance sheets and impress the bewildered shareholder.

What Bewitches These Titans to Amass Bitcoin?

One might ask, with an arched eyebrow and a smirk, what dark spell or siren song prompts such voracious accumulation. Firstly, there is the shrewd belief that Bitcoin serves as a hedge against that gloomy specter called inflation-affectionately nicknamed “digital gold” to woo the masses and perplex the uninitiated.

Secondly, the spectacle is rather akin to courting the favor of the shareholders, those exquisite beings who prefer their stocks to rise as swiftly as a magician’s flourish. MetaPlanet, for one, openly declared that their recent expansion was driven by the ardent desire of investors clamoring for a bite of the crypto apple. Indeed, a report from Animoca Brands reveals a near-miraculous effect: corporate stock prices surge an average of 150% within a single day of proclaiming their crypto ambitions. What a circus!

And lest we forget, beyond these bold companies, institutional lust for Bitcoin twinkles through the ever-growing streams of Spot Bitcoin ETFs in the United States. According to the clever scribes at SoSoValue, on the eleventh day of September alone, these ETFs welcomed an inflow of $552.78 million-a sum hardly befitting a modest appetite.

At this moment of writing, Bitcoin dances around the $115,220 mark-up by a modest 0.9% in the past twenty-four hours-like a capricious ballerina, teasing the watchers with hope and despair in equal measure.

Bitcoin price chart

Read More

2025-09-13 03:10