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-$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 one 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, 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,” according to Decrypt.
The previous all-time high was 1.2275 zettahash per second (ZH/s) on August 14, according to Coinwarz data. 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, according to 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.
