Bitcoin Accumulation Surge: 5% Increase in Holdings by Major Addresses

Recent data from IntoTheBlock reveals a significant shift in Bitcoin ownership dynamics. Addresses holding between 100 and 1,000 BTC now control 20.3% of the circulating supply, equivalent to approximately 4.01 million BTC. This represents a notable 5% increase from 3.82 million BTC just six months ago, indicating a robust accumulation trend among large holders in the cryptocurrency market.

Asus Corporate Bitcoin Adoption Forecast

Given this growing interest, River, a Bitcoin technology company, estimates that in the next 1.5 years, approximately 10% of U.S. companies will allocate about 1.5% of their cash reserves, which is approximately $10.35 billion, to BTC. The usual corporate strategies often fail to combat inflation, which is why Bitcoin’s attractiveness as a treasury asset is rising.

The report outlines the quicker integration of BTC into corporate financial strategies. Bitcoin was created in 2008, and since then, it has lent itself to be a strong alternative to regular currencies when it comes to moving and storing values.

Many aspects are the reasons behind the rapid increase in companies’ Bitcoin adoption. From the period from September 2023 to August 2024, there was a phenomenal 40% growth in the number of publicly traded companies that had BTC.

The report estimates that business Bitcoin holdings could increase by between 204 and 519 BTC per day until 2026, which translates into the potential for daily investments ranging from $12.2 million to $31.1 million, assuming a BTC price of $60,000.

Liquidity is also a vital factor for the businesses. Bitcoin’s daily trading volume, which has now consistently exceeded $10 billion, is at the liquidity level that is convenient for institutional participation. Besides, unlike traditional assets, BTC is traded around the clock, which gives companies the freedom to make financial decisions beyond normal working hours.

In addition, the broader regulatory environment regarding BTC is improving. The Financial Accounting Standards Board will enable corporations to declare their BTC possessions at fair value as of December 2024, solving the confusion caused by the previous accounting, which made the corporation’s adoption more difficult.

As of now, businesses around the world have made public disclosures of their holdings of 683,332 BTC, a striking 587% increase since the middle of 2020. While corporate BTC adoption is still far from the desired level, the path ahead shows a continuous and fast-growing incorporation of Bitcoin into the company’s treasury strategies, thus making way for a more prominent position in corporate finance.

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