100 Public Companies Hold 4% of Bitcoin Supply According to Harvard
Approximately 100 public companies now hold Bitcoin (BTC), representing about 4% of its total supply. Notably, Strategy holds around 3% of the 21 million BTC available.
Institutional Shift Toward Bitcoin
The Harvard Business Review (HBR) highlights a significant shift in corporate finance, with institutions increasingly interested in holding crypto assets. The central question among these firms is how much crypto is on their balance sheets.
- Texas has enacted Senate Bill 21 to establish a Bitcoin reserve, allowing it to hold cryptocurrencies with market caps exceeding $500 billion.
- Ethereum (ETH) recently joined Bitcoin in this category, surpassing a market cap of $500 billion.
- Michael Saylor’s Strategy holds 636,505 BTC, valued at approximately $70.5 billion.
- Investors are selling shares at peak prices to buy more Bitcoin, relying on favorable stock valuations.
Bitcoin as a Store of Value
Bitcoin has transitioned from negligible value to a current trading price of $110,810.30. It is viewed as a hedge against inflation and economic instability. Blackrock's Larry Fink suggests Bitcoin may replace gold as a primary store of value.
Emerging Technologies
Bitcoin Hyper (HYPER) is gaining attention as a Layer-2 solution, offering faster transactions and lower costs. It leverages Bitcoin’s security features, attracting risk-tolerant investors.
Current presale statistics for HYPER include:
- Price: $0.012865
- Amount Raised: $14.2 million