Corporate Bitcoin Holdings Jump to $117B as Firms Double Down on Crypto Treasuries

In brief

  • Public companies holding Bitcoin saw a 40% surge in the third quarter.
  • These firms collectively hold over 1.02M BTC, valued at over $117 billion.
  • Experts cite friendly policy and long-term strategy, forecasting that Bitcoin could hit $160,000 in the fourth quarter.

A record number of companies have increased their Bitcoin exposure in the third quarter of this year, even as the crypto market begins to navigate a volatile period.

The number of public companies holding Bitcoin surged to 172, a nearly 40% increase in just three months, according to a tweet from asset manager Bitwise on Wednesday. 

As of September 30, these firms collectively held over 1.02 million Bitcoin, worth approximately $117 billion. That number has increased…

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