#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Michael Saylor claims that the Bitcoin balance sheet strategy is exploding globally, while Wall Street remains skeptical.
According to a report by CNBC on May 31, former MicroStrategy chairman Michael Saylor stated that the strategy of incorporating Bitcoin into corporate balance sheets is experiencing "explosive growth" globally, despite Wall Street's cautious attitude towards some imitators.
Recently, Trump Media announced plans to raise $2.5 billion to buy Bitcoin, GameStop revealed $500 million in Bitcoin allocation plans, and Tether, SoftBank, and Strike's Jack Mallers launched Bitcoin-native company Twenty One, which is expected to hold more than 42,000 bitcoins and is on track to become the world's third-largest corporate bitcoin holder.
However, the market's response to these newcomers has been tepid. Trump Media's stock price has fallen over 20% since the announcement, and GameStop is down nearly 17%. In contrast, Strategy's market value has risen 26 times since the end of 2022, with its Bitcoin holdings now worth over 60 billion dollars.
Saylor stated in an interview at the Bitcoin 2025 conference: "These are just short-term dynamics. In the long run, Bitcoin on the balance sheet has proven to be extremely popular." He described Trump Media's initiative as "brave, proactive, and wise."