Bitcoin’s Q2 Boom Being Fueled by Corporates: Bitwise

Corporate adoption of bitcoin (BTC) accelerated dramatically in Q2, with public companies purchasing 159,107 BTC and bringing their collective holdings to 847,000 BTC valued at $91 billion, according to Bitwise.

This represents a 23% increase in holdings quarter over quarter and covers 4% of bitcoin’s total capped supply of 21 million BTC. The average bitcoin price climbed to $107,754, which drove a significant 61% boost in portfolio value compared to Q1.

The number of publicly listed firms holding bitcoin rose to 125, marking a 58% increase and welcoming 46 new companies into the fold. Strategy (MSTR) remains the leader, holding 597,325 BTC, followed by MARA Holdings (MARA) with 49,940 BTC and newcomer Twenty One (XXI) with 37,230 BTC.

Key developments fueling this surge include GameStop’s (GME) inaugural bitcoin acquisition of 4,710 BTC, signaling its entry into the crypto space. Meanwhile, Trump Media filed plans to raise $2.5 billion for bitcoin accumulation, underscoring how even politically linked enterprises are eyeing digital assets.

Tokyo-listed Metaplanet (3350),also made headlines by surpassing giants, such as Toyota and Sony in trading volume, highlighting the global breadth of corporate interest.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.

Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]