Bitcoin Surge: $810M Boosts Corporate Reserves Now

In an unprecedented move, corporate giants have transitioned into the world of cryptocurrency, particularly Bitcoin, within a remarkably short period. Between July 14 and July 19, a significant surge of Bitcoin treasury announcements emerged, showcasing a newfound interest among companies.

Throughout this five-day span, the price of Bitcoin soared to an impressive $123,000. As a result, a total of 21 companies collectively bolstered their balance sheets with around $810 million in Bitcoin acquisitions.

Bitcoin Surge: $810M Boosts Corporate Reserves Now

Corporations Increasing Bitcoin Amounts

Recent data reveals that Michael Saylor’s Strategy led the way by acquiring a staggering 4,225 BTC. Meanwhile, Metaplanet followed closely with 797 BTC, and France’s Sequans added 683 BTC to its reserve.

Other notable contributions included The Smarter Web Company from the UK with 325 BTC, as well as smaller acquisitions from Semler Scientific (210 BTC), Australia’s DigitalX (167 BTC), and China’s Cango, which bought nearly 150 BTC. The acquisitions spanned across various countries, including the US, Japan, France, and Canada.

New Players Entering the Market

In a noteworthy development, four companies have initiated new Bitcoin treasury strategies, collectively allocating approximately $99 million into BTC. A significant IPO filing from Bullish disclosed a robust Bitcoin holding of $92 million.

Satsuma Technology also ventured into the market with an initial investment of $3.37 million, while BTC Digital earmarked $1 million—equivalent to about 8.5 BTC. Similarly, Active Energy launched its treasury with less than 1 BTC. Additionally, five other firms reported updates concerning mining agreements and token exchanges.

Expanding Treasury Plans Ahead

A growing number of companies are revealing plans to accumulate a significant amount of Bitcoin in the coming months. Seventeen new corporate programs are projected to acquire 44,200 BTC, with the Bitcoin Standard Treasury Company, spearheaded by Blockstream’s Adam Back, aiming to hold approximately 30,000 BTC.

Other major players include Volcon, setting a strategic goal of $500 million in Bitcoin investments, and Click Holdings, planning to allocate $100 million across BTC and SUI. Additionally, the OFA Group has announced a $100 million equity reserve while Cycurion has earmarked $10 million for cryptocurrency treasury purposes.

Funds Allocated for Future Acquisitions

In parallel, eleven fundraising initiatives have successfully secured approximately $47 million dedicated to future Bitcoin acquisitions. Notable amounts include The Smarter Web Company raising $23.5 million, Belgravia Hartford securing $9.7 million, and The Blockchain Group drawing in $7 million. Meanwhile, H100 Group, Vaultz Capital, and LQWD have each initiated sessions to gather funds for additional Bitcoin investments.

As of this writing, Bitcoin trades at $117,995, reflecting a 0.2% decrease in value over the past 24 hours, according to data sourced from CoinMarketCap.

Featured image sourced from Unsplash; chart provided by TradingView.

Emily Walker
Crypto News Editor

Emily brings structure, clarity, and journalistic integrity to Bitrabo’s daily news coverage. With years of experience in tech journalism, she ensures that every headline, update, and developing story is accurate and impactful. From breaking regulatory news to market movements, Emily’s editorial oversight keeps Bitrabo’s news content timely, trusted, and engaging.