Coinciding with Bitcoin’s price surpassing $123,000, 58 Bitcoin treasury updates were reported between July 14 and 19, as 21 corporations contributed almost $810 million in BTC to their corporate treasuries. Four new treasuries, 17 announcements of future treasuries, 11 intentions to raise Bitcoin, and five additional disclosures were also part of the compilation.
Corporate giants globally boost crypto holdings
Among all Bitcoin treasury purchases, Saylor’s Strategy accounted for 4,225 BTC. While Metaplanet followed with 797 BTC, as reported by an X post by btcNLNico. Sequans of France added 683 BTC and The Smarter Web Company of the UK 325 BTC.
Moreover, Cango (149 BTC), DigitalX (166.8 BTC), and Semler Scientific (210 BTC) were other noteworthy contributors. American, Japanese, British, French, Canadian, Chinese, and Swedish corporations were involved in the acquisitions.
Furthermore, a total of four businesses have added $96.39 million worth of Bitcoin to their new treasury plans. Bullish disclosed a stake of $92 million worth of Bitcoin in its IPO filing. At the outset, Satsuma Technology’s treasury had $3.37 million worth BTC. While BTC Digital’s $1 million (or around 8.5 BTC) was assigned, and Active Energy’s under 1 BTC was not revealed.
The announcement was made for seventeen new corporate treasury strategies. Their combined goal over the next few months is to contribute 44,200 BTC. Around thirty thousand bitcoins (BTC) will be held by the Bitcoin Standard Treasury Company (BSTR), which is headed by Adam Back of Blockstream.
Cycurion’s treasury move ($10 million crypto treasury plan), OFA Group ($100 million equity), Volcon ($500 million treasury strategy) and Click Holdings ($100 million BTC and SUI fund) are among the other significant players. Also, with $47 million already secured, Bitcoin treasury companies have documented 11 initiatives to raise funds for potential future Bitcoin acquisitions.
Highlighted Crypto News Today:
VanEck Files for Solana ETF with SEC as Institutions Eye SOL
Source: https://thenewscrypto.com/corporate-bitcoin-treasuries-surge-as-btc-rally-holds-strong/