Whereas lots of people give attention to MicroStrategy, there are millions of companies placing Bitcoin on the stability sheet.
We all know as a result of at River we have now over 1000 companies on the platform now, over 70% of which have by no means bought any.
To showcase this wave of adoption, we created a brand new report, together with a few of our shopper's aggregated knowledge and different attention-grabbing tendencies on Bitcoin adoption.
Some key insights beneath:
The distribution of how a lot Bitcoin companies maintain is fairly even.
Companies symbolize a big and rising phase of Bitcoin customers, accounting for 3.3% of Bitcoin’s complete provide, or 683,332 BTC as of August 18, 2024. This quantity has grown by 587% since June thirtieth, 2020, and by 30% previously twelve months.
We estimate that enterprise bitcoin holdings will develop at a fee of between 204 and 519 BTC per day till the 12 months 2026, equal to a variety of $12.2 million and $31.1 million per day at a $60,000 bitcoin value. For those who're curious in regards to the full methodology for this estimate, try the total report.
A few of the different issues we cowl within the report are: – An outline of enterprise adoption to this point – The place adoption stands at present by all publicly obtainable data – Case research of seven corporations utilizing bitcoin – Why enterprise treasuries at present lose worth – Bitcoin's function as a treasury asset – River-specific insights
Hopefully that is attention-grabbing to you all, the total report took plenty of work from our workforce and is freely obtainable to anybody, like our earlier analysis on the Lightning Community, mining, and extra.
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