Companies Announce 60 Bitcoin Treasuries and Add 2,188 BTC
In a five-day period, companies globally announced 60 initiatives related to Bitcoin, indicating increasing corporate interest. Between June 9 and 13, firms added thousands of BTC to their balance sheets and outlined plans for billions more.
New Bitcoin Treasuries Established
- Six companies launched new Bitcoin treasuries, acquiring a total of 404 BTC.
- American Bitcoin Corp led with a purchase of 215 BTC as it prepares for a public merger under the ABTC ticker.
- 10 additional firms have announced intentions to establish Bitcoin reserves.
- 23 companies collectively acquired 2,188 BTC during this period.
- Plans for further purchases could amount to approximately $1.83 billion.
Notable participants include Bitmine and Gumi. Mercury Fintech disclosed an $800 million financing plan while Trump Media registered for a treasury deal worth $2.3 billion.
Existing Holders Increase Investments
- 23 firms purchased an additional 2,188 BTC, with Strategy buying 1,045 BTC amid a $979.7 million IPO.
- Other significant buyers included Remxpoint (279.9 BTC), KULR (118.6 BTC), and Cipher Mining (111 BTC).
- Smaller firms contributed between 1 and 10 BTC each.
This surge in acquisitions is reminiscent of the influx into Bitcoin ETFs, with BlackRock’s IBIT fund nearing $1 billion in inflows.
Future Purchases Estimated at $1.83 Billion
- Nine companies plan to acquire more Bitcoin, potentially creating new demand of $1.83 billion.
- ANAP has earmarked funds for a 585 BTC purchase, while Mélioz raised $32.5 million for further investments.
- GameStop announced plans for a $2.25 billion convertible note issue directed towards crypto investments.
Tokenization and Capital Raises Initiated
- DDC Enterprise and H100 Group intend to tokenize real-world assets using Bitcoin as collateral.
- The Blockchain Group in France initiated a €300 million capital program, seeking to raise up to €10 billion.