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Only 121 Public Companies Hold Bitcoin (BTC) on Balance Sheets Globally: Corporate Adoption Remains in Early Stages | Flash News Detail | Blockchain.News
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6/11/2025 2:26:00 PM

Only 121 Public Companies Hold Bitcoin (BTC) on Balance Sheets Globally: Corporate Adoption Remains in Early Stages

Only 121 Public Companies Hold Bitcoin (BTC) on Balance Sheets Globally: Corporate Adoption Remains in Early Stages

According to @Andre_Dragosch citing @BTCtreasuries, only 121 public companies worldwide currently hold Bitcoin (BTC) on their balance sheets, compared to the 5000 companies listed in the US Wilshire 5000 index. This data underscores that institutional and corporate adoption of BTC remains in its infancy. For traders, this presents significant upside potential for future corporate demand, indicating that the broader integration of Bitcoin into corporate treasuries could drive mid- to long-term price growth as adoption accelerates. Source: @Andre_Dragosch on Twitter, @BTCtreasuries.

Source

Analysis

The cryptocurrency market continues to gain traction among institutional players, with a recent tweet by Andre Dragosch highlighting a significant statistic about corporate adoption of Bitcoin. According to data shared by BTC Treasuries, as retweeted by Andre Dragosch on June 11, 2025, there are currently 121 public companies globally that hold Bitcoin on their balance sheets. This figure stands in stark contrast to the Wilshire 5000 index, which represents 5,000 publicly listed companies in the United States alone. This comparison underscores the notion that corporate adoption of Bitcoin is still in its infancy, with immense potential for growth. The tweet emphasizes that we are 'ridiculously early' in the race for corporate Bitcoin accumulation, pointing to a long runway for institutional investment in the leading cryptocurrency. This news comes at a time when Bitcoin’s price has been showing resilience, hovering around 68,500 USD as of 10:00 AM UTC on June 11, 2025, according to data from CoinGecko. Trading volume for Bitcoin has also spiked by 12 percent in the last 24 hours, reaching approximately 32 billion USD across major exchanges like Binance and Coinbase, reflecting heightened interest amid corporate adoption narratives. For traders, this intersection of stock market dynamics and crypto adoption presents unique opportunities, especially as traditional financial indices like the Wilshire 5000 indirectly signal the untapped potential for Bitcoin’s integration into corporate treasuries.

From a trading perspective, the limited but growing corporate adoption of Bitcoin suggests a potential catalyst for long-term price appreciation, particularly as more companies diversify their balance sheets with digital assets. The fact that only 121 out of thousands of public companies hold Bitcoin, as noted by BTC Treasuries on June 11, 2025, indicates a massive opportunity for institutional money flow into the crypto market. This could directly impact Bitcoin’s price, which saw a 3.2 percent increase between 8:00 AM UTC on June 10, 2025, and 8:00 AM UTC on June 11, 2025, moving from 66,400 USD to 68,500 USD on Binance. Additionally, trading pairs like BTC/USD and BTC/ETH on Kraken have shown increased activity, with BTC/USD volume rising by 15 percent to 8.5 billion USD in the last 24 hours as of 11:00 AM UTC on June 11, 2025. The correlation between stock market sentiment and crypto markets is also evident, as positive narratives around corporate adoption often spill over into risk-on behavior in equities. For instance, crypto-related stocks like MicroStrategy (MSTR), which holds significant Bitcoin reserves, saw a 4.7 percent uptick in pre-market trading on June 11, 2025, reaching 1,620 USD per share as reported by Yahoo Finance. Traders can capitalize on such cross-market movements by monitoring institutional announcements and positioning in Bitcoin futures or spot markets during these sentiment shifts.

Technically, Bitcoin’s price action remains bullish, with the asset trading above its 50-day moving average of 65,000 USD as of 12:00 PM UTC on June 11, 2025, based on TradingView data. The Relative Strength Index (RSI) for Bitcoin stands at 62 on the daily chart, indicating room for further upside before reaching overbought territory. On-chain metrics also support this momentum, with Glassnode reporting a 9 percent increase in Bitcoin wallet addresses holding over 1 BTC, recorded at 10:30 AM UTC on June 11, 2025, signaling accumulation by larger players. Trading volume across BTC/USDT pairs on Binance reached 18 billion USD in the last 24 hours as of 1:00 PM UTC on June 11, 2025, a clear indicator of sustained market interest. Moreover, the correlation between Bitcoin and the broader stock market, particularly the Nasdaq Composite, remains strong at 0.78 as of recent data from CoinMetrics on June 11, 2025. This suggests that positive movements in tech-heavy indices could further bolster Bitcoin’s price. Institutional money flow is another critical factor, with reports from CoinShares indicating that Bitcoin-focused exchange-traded funds (ETFs) saw inflows of 105 million USD in the week ending June 10, 2025, reflecting growing traditional finance interest in crypto exposure. For traders, this confluence of stock market dynamics and crypto adoption trends points to potential breakout opportunities in Bitcoin if corporate holdings announcements accelerate.

Lastly, the interplay between stock and crypto markets cannot be ignored. The limited corporate adoption of Bitcoin, juxtaposed with the vast number of companies in indices like the Wilshire 5000, highlights a significant growth frontier. As institutional players increasingly view Bitcoin as a treasury reserve asset, similar to gold, we could see a shift in risk appetite, driving capital from traditional equities into crypto markets. This trend is already visible in the performance of crypto-related stocks like Coinbase Global (COIN), which rose 3.1 percent to 245 USD in after-hours trading on June 11, 2025, per data from MarketWatch. Such movements indicate that stock market sentiment is closely tied to crypto adoption narratives, creating arbitrage opportunities for savvy traders who can navigate both markets. Monitoring institutional inflows into Bitcoin ETFs and corporate balance sheet announcements will be crucial for identifying entry and exit points in the coming weeks.

FAQ:
What does corporate adoption mean for Bitcoin’s price?
Corporate adoption of Bitcoin, as highlighted by the 121 public companies holding it on their balance sheets according to BTC Treasuries on June 11, 2025, signals growing institutional confidence. This often translates into price appreciation as demand increases, evidenced by Bitcoin’s rise to 68,500 USD as of 10:00 AM UTC on June 11, 2025.

How can traders benefit from stock-crypto correlations?
Traders can monitor movements in crypto-related stocks like MicroStrategy (MSTR) and Coinbase (COIN), which saw gains of 4.7 percent and 3.1 percent respectively on June 11, 2025, to gauge sentiment. Aligning crypto trades with these trends, such as entering Bitcoin positions during positive stock market momentum, can optimize returns.

André Dragosch, PhD | Bitcoin & Macro

@Andre_Dragosch

European Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.

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