Institutional & Corporate Bitcoin Buying Hits $317 mn This Week
By Vishakha Thakur
Corporate and institutional adoption of Bitcoin is accelerating, with five entities collectively investing $317 mn in just a week. These companies, spanning diverse industries and geographies, are adopting treasury strategies to include Bitcoin.
Leading the charge is MicroStrategy.. Known for its business intelligence software, the company has become synonymous with Bitcoin adoption under Chairman Michael Saylor’s leadership. Between Jan. 6 and Jan. 12, it added 2,530 BTC to its treasury for $243 mn, averaging $95,972 per Bitcoin. With total holdings of 450,000 BTC, valued at $41 bn, MicroStrategy now owns over 2% of Bitcoin’s supply. This move aligns with its aggressive plan to raise $42 bn via stock sales and debt offerings to buy more Bitcoin, cementing its position as a market leader.
Semler Scientific, a healthcare technology company based in the USA, comes a close second. Once a struggling ‘zombie company,’ Semler credits Bitcoin for its financial revival. On Jan. 13, it purchased 237 BTC for $23 mn, paying an average of $98,000 per Bitcoin. This brings its total to 2,321 BTC, worth approximately $192 mn. The company has financed these buys through stock sales and operational cash flow, touting a Bitcoin yield of 99.3%.
Out there in Hong Kong, construction-focused Ming Shing Group Holdings Limited surprised the market with its bold entry into crypto. Through its newly formed subsidiary, Lead Benefit Limited, it acquired 500 BTC for $47 mn, paying a premium price of $94,375 per Bitcoin. While the company justifies this move as a short-term strategy to utilize idle funds, analysts are sceptical.
In Europe, Intesa Sanpaolo, Italy’s largest bank, made its first foray into Bitcoin trading. On Jan 13, the bank acquired 11 BTC for $1.03 million as part of its proprietary trading desk’s operations. Intesa’s move reflects growing institutional interest in Europe.
Meanwhile, in Japan, Tokyo-listed energy consulting firm Remixpoint expanded its Bitcoin holdings, adding 33.34 BTC for $3.2 mn. This purchase increased its total to 333.19 BTC, valued at $31.7 mn. Remixpoint also holds ETH, SOL, XRP, AVAX, and DOGE, citing cryptocurrency as a hedge against Yen’s depreciation. By diversifying into digital assets, the firm aims to reduce exposure to currency fluctuations while leveraging Bitcoin’s high liquidity for asset management.
Together, these companies have poured $317 mn into Bitcoin in just one week. From software giants to healthcare providers, construction firms, banks, and energy consultants, the adoption of Bitcoin as a reserve asset is on the rise. And that is a big boost to the crypto industry.
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