Tuesday, 02 January 2024 12:17 GMT

Public Companies Own 5% Of All Bitcoin, Despite October Buying Slump


(MENAFN- Crypto Breaking) Corporate companies holding Bitcoins has now reached a record of holding 4.05 million BTC, valued at approximately $417 billion at current market prices, as of October 31, according to on-chain data from Arkham Intelligence.

These corporate companies include: Public and Private companies which currently hold 1.05 million BTC, worth approximately 5% of the total supply; governments, with 664,329 BTC; and ETFs and Exchanges currently holding approximately 1.54 million BTC. Combined, these companies account for approximately 19% of Bitcoin 's circulating supply of 21.1 million BTC.

October saw the slowest monthly accumulation of 2025, with only 14,447 BTC added to these companies' portfolios, a 62% drop from September's 38,000 BTC. Public company purchases were small; most of the net gain was driven by ETF inflows and government seizures.

“October was the quietest month for corporate buying in this cycle,” said Miguel Morel, Arkham Intelligence's lead researcher.“The focus has shifted from expansion to capital efficiency.”

Convertible Notes at 9%: The Cost of Holding BTC

The slowdown came at a time of sharply reduced capital. The average discount to net asset value (NAV) for publicly traded companies holding Bitcoin increased to 25–30% in Q3, while risk premiums on convertible notes surged above 9%.

Strategy, the largest corporate holder of Bitcoin with 641,692 BTC according to the official website, raised $1.1 billion through preferred shares in October, which is currently its highest-yield issuance to date.

Public companies now control approximately 5% of Bitcoin's total supply, with around 70% to 75% of corporate-held BTC classified as illiquid, remaining unmoved for over a year, supporting price stability despite reduced spot demand.

Volatility Hits 46% as Treasuries Consolidate

Top Market analysts interpret the recent drop in Bitcoin accumulation by these corporate companies as a sign of maturity, not a retreat or reversal.

Bitwise CIO Matt Hougan predicts hundreds of new corporate adopters are likely to emerge in the next 12 to 18 months, which suggests that institutional control could surge by the early 2030s.

Spot Bitcoin ETFs saw an inflow of between 20,000 and 30,000 BTC in October, worth between $2.2 billion and $3.3 billion, while governments added 12,000 BTC, with the majority coming from seizures in the United States.

Bitcoin's 90-day realized volatility has fallen approximately 46%, near its lowest levels since mid-2024.

Crypto Investing Risk Warning
Crypto assets are highly volatile. Your capital is at risk. Don't invest unless you're prepared to lose all the money you invest.

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