Public Companies Set to Hoard Millions of Bitcoin—Is This a Glittering Coup or Crypto Craziness?

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So, apparently public companies have caught the Bitcoin bug like it’s the hottest office fad—everyone’s scrambling to stash those digital coins. David Bailey, CEO of Bitcoin Magazine (yes, that’s an actual thing), thinks they might be hoarding between 2 and 3 million BTC by 2026. No big deal, just the equivalent of a small country’s entire economy now chilling in corporate vaults.

Bailey spilled the digital tea on April 25 via his X account, noting that new companies are jumping on the Bitcoin treasure hunt so often that soon it’ll be a daily event. Like corporate Pokémon but with way more zeros.

The Baileysome Prediction

His crystal ball sees over 1,000 public companies (who presumably love spreadsheets and caffeine) wading into the Bitcoin pool, splashing about in every market and index imaginable, wrapping their investments tighter than your grandma’s knitted sweaters.

At this exact moment, public firms are already chilling with over 700,000 BTC. If Bitcoin doesn’t decide to moonwalk all over the place price-wise, Bailey thinks they’ll hit a cool million by year’s end. But if Bitcoin decides to be dramatic and rally, brace yourselves—the corporate hoard could explode to 2-3 million BTC by late 2026.

Bitwise agrees, backing this saga with fresh stats: a 16.11% spike in public firms holding Bitcoin by Q1 2025, hitting 79 companies riding the crypto wave. Apparently, a rule tweak from FASB lets these companies brag about their BTC at fair market value now. Fancy accounting magic!

The Heavy Hitters

Michael Saylor remains the grand Bitcoin Santa Claus, hoarding a colossal 538,200 BTC. He just dropped $555.8 million buying an extra 6,556 BTC this week alone—because why not? His total Bitcoin tab is a jaw-dropping $36.47 billion at an average price ridiculously high enough to make anyone faint ($67,766 per BTC). Talk about commitment therapy.

Other contenders include mining mavens like MARA Holdings with 47,600 BTC, Riot Platforms at 19,223 BTC, CleanSpark with 11,869 BTC, and even Tesla, revving along with 11,509 BTC in its electric boot.

Meanwhile, over in Japan, Metaplanet is running a Bitcoin binge, aiming for 10,000 BTC by the end of 2025. Their April shopping spree was so intense it’d make a mall rat jealous: 696 BTC on April 1, 319 on the 14th, 330 on the 21st, and 145 on the 24th—a neat 5,000 BTC pile so far. They’re basically the cryptocurrency version of “Buy Now, Sleep Later.”

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2025-04-25 22:45