Key Takeaways

Public corporations have amassed over 1,058,000 BTC, despite market fluctuations.
Prominent firms, including J.P. Morgan, are significantly increasing their Bitcoin holdings.
Whale investors are actively participating in the market, buying large quantities as prices drop.

Corporate Treasuries Continue to Invest in Bitcoin: Over 1 Million BTC Acquired

The top 100 public companies now collectively own more than 1,058,000 Bitcoin (BTC). Notably, J.P. Morgan has increased its Bitcoin exposure, investing around $300 million into BlackRock’s IBIT.

Additionally, data from on-chain analytics indicates that whale investors on Coinbase are confidently buying the dips.

Corporations Are Accumulating Bitcoin Like Never Before

Recent figures reveal that the top 100 public treasury companies now hold over 1,058,000 BTC—a number that continues to grow, even amid market volatility. Companies such as Strategy, MARA Holdings, and Metaplanet are leading the charge, demonstrating that a diverse range of sectors, from energy to fintech and large conglomerates, are engaging in this accumulation.

Bitcoin

Source: X

This trend among corporations is evidently on the rise. Company balance sheets are increasingly incorporating Bitcoin, regardless of short-term price movements.

J.P. Morgan’s Strategic Investment in Bitcoin

This trend of corporate accumulation is not confined to the typical crypto-friendly companies. J.P. Morgan, whose CEO Jamie Dimon once downplayed cryptocurrency, has now established a significant position via BlackRock’s IBIT ETF.

According to data from Arkham, the bank has over $300 million in Bitcoin exposure, comprising $332.8 million in direct IBIT shares, an additional $10.7 million through external management, plus $67.8 million in call options and $133.3 million in puts, likely as part of a hedging strategy. While this represents a cautious approach, any entry into the Bitcoin market is a step forward.

Whale Investors Are Making Moves

The Cumulative Volume Delta (CVD) indicates that whale-sized spot orders ranging from $10,000 to $1 million have consistently been net buyers since the most recent market low. Retail investor activity has remained relatively stagnant, with medium-sized traders just beginning to show positive movement. However, whales on Coinbase continue to accumulate Bitcoin without pause.

Whale Market Actions

Source: X

The data illustrates this trend clearly: significant buyers have been active as prices decline, purchasing available supply when market sentiment is subdued. It is evident that during times of caution in the market, major players are often the first to take action.

Final Thoughts

The ongoing accumulation of Bitcoin by corporations and large investors reaffirms the asset's growing significance in institutional portfolios, signaling a robust belief in its long-term value even amid market uncertainties.