Corporate Bitcoin holdings have surged past 3 million BTC, worth about $315 billion, with 199 entities now involved in holding Bitcoin.
Major companies view crypto not just as a trading asset but as a long-term treasury play, as the total BTC holdings have more than doubled since the start of 2024.
Strategy leads with 580,250 BTC worth about $60 billion, pioneering the concept of a pure-play treasury firm, setting a higher premium for its shares.
Debt risks are a concern for companies heavily invested in Bitcoin, with potential challenges in refinancing during market downturns, despite the broader industry influence and entry of new players into the market.