Recent statistics indicate that the total amount of Bitcoin (BTC) held by publicly traded companies has now exceeded one million, highlighting an impressive rate of global adoption of this leading digital currency.

The Unstoppable Rise of Bitcoin

Corporate engagement with Bitcoin has been on the rise for several years, but the trend accelerated significantly following the notable electoral changes in various countries. This shift has prompted several notable firms to consider integrating BTC into their financial strategies.

Leading the charge in corporate Bitcoin investment is the renowned Michael Saylor. His company, Strategy, holds a jaw-dropping amount of approximately 636,000 BTC. However, it’s not just one company leading the way; several others, including brands like Metaplanet and MARA Holdings, have ramped up their BTC acquisitions in recent months.

Commenting on the growing trend, the President of BitcoinTreasuries observed that despite surpassing the million mark, various signs indicate that the move towards institutional adoption is still just beginning.

This executive highlighted that many firms have only recently initiated long-term Bitcoin accumulation strategies, suggesting that substantial capital raising still remains to be invested in BTC purchases.

Industry expert Bradley Duke also weighed in, revealing that the total worth of Bitcoin held by corporates has surged past $111 billion. He noted:

The imbalance between Bitcoin supply and demand is increasingly significant.

Research indicates that over 100 companies now feature Bitcoin on their balance sheets. Interestingly, corporate interest seems to be broadening beyond just BTC, with some entities venturing into Ethereum (ETH) for their treasury frameworks.

Unlike Bitcoin, which has a hard cap of 21 million coins, Ethereum presents a diverse set of applications along with a Proof-of-Stake (PoS) mechanism that actively diminishes its circulating supply.

Shifting Horizons: Ethereum’s Emergence

Currently, Bitcoin boasts a market cap upward of $2 trillion, while Ethereum stands at approximately $518 billion. While the difference is substantial, Ethereum is steadily narrowing the gap.

For example, asset management leader VanEck’s CEO recently dubbed Ethereum the “Wall Street token,” suggesting that its capabilities in facilitating stablecoin transactions could propel it into fierce competition with Bitcoin.

Furthermore, recent ETF data has shown a quiet institutional shift toward Ethereum, with ETH ETFs welcoming nearly $4 billion in inflows in a recent month. As for Bitcoin, its current trading value is noted at approximately $109,403, reflecting a minor decline over the past day.