A total of 37 companies globally have accumulated at least 1,000 bitcoin (BTC) in their treasury, consolidating a corporate adoption trend that continues to grow. Upon reaching such a BTC figure it can be considered that they are “whales”, that is, great investors in this digital currency.
Together, more than 100 public contribution companies have 921.388 BTC, which reflects a significant increase in the exposure of these organizations to the digital asset.
In this context, Strategy, led by Michael Saylor, reinforced its position on July 21 with the acquisition of 6,220 BTC, an operation that implied an investment of 739 million dollars at an average price of $ 118,940 per unit, as cryptoics reported.
With this purchase, The company raised its holdings at 607,770 BTC, consolidating itself as the third largest Bitcoin holder worldwideonly behind the ETF Ishares Bitcoin Trust (Ibit) of Blackrock, with 736,943 BTC, and the creator of the currency, Satoshi Nakamoto, with 1,123,500 BTC.
To finance these acquisitions, Strategy has resorted to the issuance of debt bonds with 0% interest and expanded expiration deadlines. This approach allows investors to bet on the revaluation of the company’s actions, since bonds are convertible into actions at a higher price, a strategy that has inspired other companies to follow a similar path.
For his part, Chris Kuiper, Vice President of Investigation of Fidelity, highlighted The diversification in Bitcoin’s purchases. “What seems more interesting to me is that, from the first to the second quarter, Bitcoin’s purchases were distributed more widely among public companies instead of concentrating among a few large buyers,” he said.
The growing commitment to Bitcoin responds to a challenging economic environment, characterized by inflation, the devaluation of Fíat currencies and global uncertainty.
With a limited supply of 21 million BTC, its scarcity positions it as a value shelter against the unlimited issuance of money by the central banks. Besides, Companies see in this asset an opportunity to diversify their portfoliosprotect against volatility and project an image of innovation that attracts new investors in highly competitive markets.
