Bitcoin Held By Listed Companies Surges 16% In Q1 As Metaplanet And Strategy Buy More BTC
Bitcoin held by listed companies surged more than 16% to 688,000 BTC in the first quarter, fueled by 12 new entrants, while Strategy and Metaplanet disclosed additional purchases yesterday. Bitwise said i n an April 14 post on X that listed companies added 95,431 BTC to their books in the last quarter. The total dollar value of the holdings increased by 2.2% to $56.7 billion with BTC trading at $82,445 at the time of the report. Twelve Firms Buy Bitcoin For The First Time In addition to the amount of Bitcoin held by publicly-traded companies increasing, the number of firms holding BTC also rose, Bitwise added. In the first quarter of the year, 12 companies purchased the leading crypto for the first time, pushing the total number of corporate Bitcoin holders to 79. Hong Kong-based construction firm Ming Shing was the largest first-time buyer in Q1 of 2025 after it bought 833 BTC. Its holdings were accumulated through two purchases. The first, which saw the firm buy 500 BTC,...