US Companies Anticipated to Invest $10 Billion in Bitcoin Within 18 Months
River Financial, a prominent financial institution specializing in Bitcoin, has projected that 10% of United States companies are likely to convert a cumulative total of $10.35 billion into Bitcoin within the next 18 months. In a detailed report, the institution articulated, “We estimate that the daily business holdings of Bitcoin will expand by a range of 204 to 519 BTC until the year 2026, equating to a daily financial impact between $12.2 million and $31.1 million based on a Bitcoin price of $60,000.”
Currently, companies collectively possess approximately 700,000 BTC, with an annual growth rate of 150,000 BTC. As it stands, businesses represent roughly 3.3% of Bitcoin’s overall circulating supply, a significant proportion underscored by the fact that American corporations account for nearly half of these total holdings.
According to data sourced from CoinGlass, MicroStrategy, a business intelligence firm based in Virginia, leads the pack with Bitcoin holdings valued at $12.82 billion. Following closely, Marathon Digital, recognized as a major player in Bitcoin mining, holds a distant second position with $1.41 billion. Notably, Tesla also ranks among the top three, currently possessing $550 million in Bitcoin. However, it is important to mention that Tesla’s holdings have seen a considerable decline since their acquisition of Bitcoin in early 2021.
Furthermore, in prior statements, MicroStrategy CEO Michael Saylor has suggested that the year 2024 may herald a significant shift toward institutional adoption of Bitcoin. River Financial has indicated that while Bitcoin’s utilization as a treasury asset has yet to achieve mainstream status, its adoption saw considerable advancement in 2024, driven by major corporations introducing Bitcoin-related products.
The market sentiment recently experienced rejuvenation due to the successful launch of Bitcoin exchange-traded funds (ETFs). Despite the accolades surrounding these investment vehicles, businesses continue to demonstrate a strong preference for holding actual Bitcoin. This trend emphasizes the ongoing evolution of corporate strategies regarding cryptocurrency management and investment, underscoring the profound impact Bitcoin is poised to have on the corporate landscape.
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