Hodl my beer: Businesses are the biggest Bitcoin buyers this year
Strategy leads the corporate pack with 77% of the growth in Bitcoin holdings so far this year, according to River.
Corporations and businesses are the largest net buyers of Bitcoin so far this year, outpacing exchange-traded funds and retail investors, according to new research.
Firms such as Michael Saylor’s Strategy have bought more Bitcoin (BTC) this year than any other category of investor, with overall corporate holdings growth totalling 157,000 BTC, worth around $16 billion at current prices, according to Bitcoin investment firm River.
Strategy makes up 77% of the group’s growth, the firm reported on X on May 12, before adding that it’s not just big companies.