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Public companies now hold more than 1 million bitcoin

At current prices, the total pile of 1,000,698 bitcoin is worth almost $110 billion.

While bitcoin hasn’t been doing too hot lately, hovering in the $107,400 to $113,200 range in the past week, some bitcoin-adjacent developments are on fire.

For one, total bitcoin holdings by the 183 publicly listed companies have now crossed the 1 million mark, “nearly 5% of all the BTC that will ever be,” according to Bitcoin Treasuries. To put this in perspective, public companies held just over 416,000 bitcoin a year ago.

“The milestone of public companies collectively holding over 1 million bitcoin reflects the dawn of a new era in finance. Bitcoin’s reach extends beyond profits — it represents access, transparency, and opportunity across borders. This level of corporate adoption points toward a more inclusive and global financial system,” Tim Kotzman, founder of Bitcoin Treasuries Media, told Sherwood News.

These public companies are inching closer to bitcoin ETFs and other funds, which hold a total of 1.47 million bitcoin.

Bitcoin also notched another record, as its single-day hash rate — the computing power used by a blockchain — “hit an all-time high of 1.279 on Tuesday,” Decrypt reported.

The previous all-time high was 1.2275 zettahash per second on August 14, Coinwarz data shows. This coincides with bitcoin’s own all-time high.

Finally, bitcoin ETFs are heating up again, with two consecutive days of inflows, accumulating $634 million. This is a welcome turnaround following August’s bruising $751.12 million in outflows, per SoSovalue data.  

In other news:

  • Bitcoin miner CleanSpark produced 657 bitcoin in August, a slight decrease from the 671 bitcoin it produced in July. The company holds 12,827 bitcoin.

  • BitFuFu, another bitcoin miner, increased its bitcoin holdings to 1,899 bitcoin. The company produced 408 bitcoin in August, a 12.6% month-over-month decrease.

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$1.2B

Crypto liquidations reached $1.2 billion in the past 24 hours, according to CoinGlass data, as bitcoin continued its downward trajectory. Bitcoin suffered $458.24 million in liquidations, with the bulk of them — over $334 million — in long positions. Meanwhile, the second-biggest crypto, ethereum, saw the second-biggest figure for liquidations yesterday, with $278 million.

Bitcoin slipped as far as $103,856 early Friday morning, its lowest level since July, and is down 13% in the past seven days. The sell-off dragged the total crypto market cap down to $3.67 trillion, down 5.5%. Underscoring the market anxiety, CoinMarketCap’s fear and greed index is now at 28.

Bitcoin ETFs also suffered, registering $536 million in outflows on Thursday. The Ark 21 Shares Bitcoin ETF took the biggest hit, with $275.15 million in outflows. Since Monday, bitcoin ETFs have seen $864.5 million in outflows. 

Maja Vujinovic, CEO and cofounder of digital assets at FG Nexus, told Sherwood News that bitcoin’s slump looks like a classic risk-off chain reaction.

“Credit jitters and trade tensions pushed money into gold at record highs while leveraged crypto longs were forced to unwind. Once the liquidations exhaust and policy fog clears, the same macro buyers chasing safety today are likely to hunt value in BTC again,” Vujinovic said. 

$15B

The US government seized 127,271 bitcoin, worth $15 billion, in what it calls the Department of Justice’s “largest ever forfeiture action.”

The indictment against Chen Zhi, chairman of Cambodian conglomerate Prince Group, alleges that he engaged in wire fraud conspiracy using forced labor in Cambodia.

“Individuals held against their will in the compounds engaged in cryptocurrency investment fraud schemes, known as ‘pig butchering’ scams, that stole billions of dollars from victims in the United States and around the world. The defendant is at large,” according to a DOJ press release.

This is “exactly the kind of outcome the Strategic Bitcoin Reserve was designed to enable,” Zack Shapiro, managing partner at Rains Law and head of policy of the Bitcoin Policy Institute, said on X.

This significantly increases the size of the US’s strategic reserve, which held over 197,000 bitcoin before the seizure. As of today, Arkham Intelligence data shows it’s holding 324,780 bitcoin, worth over $37 billion.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.