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Public firms hold 1.3M BTC, but most buying now by one firm; others slow or sell, signaling mature Bitcoin use.

Market News
29 Oct 2026, 12:16 WIB
Zycrypto
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Neutral
Public firms hold 1.3M BTC, but most buying now by one firm; others slow or sell, signaling mature Bitcoin use.

Publicly listed companies now hold a total of 1.3 million Bitcoin, a 31% increase over 14 months, driven mainly by Michael Saylor's Strategy firm which accounts for 71% of new BTC accumulation. While overall Bitcoin buying by other firms has slowed or stopped, many companies have begun selling portions of their holdings, indicating a shift toward active management of Bitcoin as a corporate treasury asset. This trend reflects growing sophistication in how institutions treat Bitcoin, balancing exposure and taking profits, marking Bitcoin's evolution as a mature financial instrument in the corporate world.

Corporate Bitcoin holdings reaching 1.3 million BTC provide context for the broader crypto market, where only 8 of 50 major cryptocurrencies tradable on Pluang rose today. Among these, ADA (Cardano) fell 3.90% with 72% of orders selling, contrasting with SAND (The Sandbox), which, despite a 3.68% price drop, saw 87% of orders buying. THETA (Theta Network) had a 3.82% decline and a full 100% sell order activity, illustrating varied investor behavior as of Oct 29, 2026 16:31 WIB.

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