Bitcoin Treasury Companies Added $810M BTC This Week As Price Topped $123K
Highlights
- Bitcoin treasury companies added $810 million BTC as price hit $123,000 peak.
- 21 firms made BTC purchases while 17 others announced future treasury acquisition plans.
- Saylor’s Strategy led 58 Bitcoin purchases this week with a 4,225 BTC buy.
Between July 14 and 19, 58 Bitcoin treasury updates were recorded, coinciding with Bitcoin’s price reaching $123,000 as 21 companies added approximately $810 million in BTC to their corporate treasuries. The roundup also included four new treasuries, 17 future treasury announcements, 11 active BTC fundraising plans, and five other related disclosures.
Corporate Bitcoin Treasury Surge as Global Companies Bolster BTC Holdings
According to an X post by btcNLNico, Saylor’s Strategy led all Bitcoin treasury acquisitions with 4,225 BTC, followed by Metaplanet with 797 BTC. France-based Sequans added 683 BTC, while the UK’s The Smarter Web Company contributed 325 BTC.
Other notable additions came from Semler Scientific (210 BTC), DigitalX (166.8 BTC), and Cango (149 BTC). The purchases spanned companies from the U.S., Japan, the U.K., France, Canada, China, and Sweden.
Four companies launched new Bitcoin treasury plans, adding $96.39 million BTC combined. Bullish’s IPO filing revealed a $92 million BTC holding. Satsuma Technology began its treasury with $3.37 million BTC, while BTC Digital allocated $1 million (about 8.5 BTC), and Active Energy entered the market with an undisclosed amount under 1 BTC.
Seventeen new corporate treasury plans were announced. Combined, they plan to add 44,200 BTC in the coming months. The Bitcoin Standard Treasury Company (BSTR), led by Blockstream’s Adam Back, is expected to hold around 30,000 BTC.
Other notable participants include Volcon ($500 million treasury strategy), Click Holdings ($100 million BTC and SUI fund), OFA Group ($100 million equity), and Cycurion ($10 million crypto treasury plan).
More companies are implementing Bitcoin treasury reserves as its price continues to rise. After BTC’s rally to $123,000, the net worth of its founder topped $133 billion. The rise in net worth caused Satoshi Nakamoto to become the eleventh-richest person in the world.
Corporations Reveal Bitcoin Funding and Acquisition Plans
BTC Treasury firms also recorded 11 funding initiatives for future BTC purchases, with $47 million already secured. The Smarter Web Company raised $23.5 million, Belgravia Hartford raised $9.7 million, and The Blockchain Group raised $7 million. H100 Group, Vaultz Capital, and LQWD also announced multi-million-dollar rounds targeting Bitcoin buys.
Additional corporate moves show longer-term BTC commitments. Matador Technologies filed a $656 million base shelf prospectus, while Bitcoin Treasury Corporation filed for a $219 million base shelf prospectus. Other filings include B Treasury Capital’s $20.7 million ATM facility and LQWD’s $7.3 million ATM program.
Additionally, Bitcoin Treasury firms have noted more strategic shifts. Tao Alpha rebranded to Satsuma Technology, appointing a new CEO. Matador revealed a long-term BTC acquisition roadmap.
The activity indicates an increasing institutional demand for the cryptocurrency. Bitcoin’s rise to a new all-time high of $123,000 this week reflects confidence in it as a massive store of value.
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