In a most astonishing turn of events, the amount of Bitcoin, that elusive digital currency, held by publicly traded companies has surged by a staggering 16.1% in the first quarter of 2025, as reported by the ever-reliable crypto fund issuer, Bitwise. One can only imagine the boardroom discussions that led to this revelation—perhaps a game of poker gone awry?
By the end of Q1, these corporate titans collectively hoarded around 688,000 BTC, having added a rather impressive 95,431 BTC over the quarter. It seems that the allure of Bitcoin is akin to that of a fine wine—once you’ve had a taste, it’s hard to resist going back for more! 🍷
The value of this combined Bitcoin stash has also seen a modest rise of about 2.2%, reaching a total worth of $56.7 billion, with each BTC now fetching a princely sum of $82,445. One can only wonder how many yachts that could buy! 🛥️
Bitwise has noted that the number of public companies dabbling in Bitcoin has risen to a delightful 79, with 12 firms taking the plunge into cryptocurrency for the very first time this quarter. It’s like watching a new trend unfold at a particularly posh cocktail party—everyone wants to be in on the action!
The largest first-time Bitcoin buyer was none other than the Hong Kong construction firm Ming Shing, whose subsidiary Lead Benefit decided to go big, purchasing a total of 833 BTC over the quarter. Their initial 500 BTC buy in January was followed by a cheeky 333 BTC buy in February. Clearly, they believe in the motto: “Go big or go home!”
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With this latest Bitcoin acquisition, Metaplanet now ranks tenth among the world’s largest public companies holding Bitcoin, trailing behind Jack Dorsey’s Block, Inc., which holds a whopping 8,485 BTC. It’s a veritable race to the top!
Bitcoin is currently trading around $84,440 and has remained flat over the past 24 hours, according to CoinGecko. It’s up about 2.3% since the end of Q1 on March 31, having clawed back from a low of under $75,000 on April 7, following a wider market drop due to a fresh round of global tariffs imposed by the US. Ah, the joys of international finance! 🌍
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2025-04-15 06:11