Corporate Bitcoin treasuries control over 3% of total BTC supply
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More than 60 Bitcoin strategy adopters collectively doubled BTC holdings in the past two months, outstripping the buying speed of Michael Saylor’s Strategy.
The Bitcoin reserve strategy trend has led to at least 61 corporate treasuries now holding a combined 3.2% of all Bitcoin that will ever exist, according to Standard Chartered.
Publicly listed companies worldwide now own a combined 673,897 Bitcoin (BTC), Standard Chartered’s global head of digital asset research, Geoff Kendrick, said in a June 3 report seen by Cointelegraph.
In the report, Kendrick focused on the implications of Bitcoin’s growing popularity as a treasury asset, warning about potential risks stemming from rapid corporate adoption.
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