Public companies' BTC holdings surged 40% in Q3, now 4.8% of total supply

As of the third quarter, publicly traded companies held approximately 1.02 million BTC ($117 billion), representing 4.8% of the total supply, Watcher.Guru reported, citing data from Bitwise. This figure marks a nearly 40% increase from the previous quarter. Bitwise CEO Hunter Horsley said on X that the rapid growth in Bitcoin holdings by global public companies and institutional-level purchases are key drivers of the market rally. He added that corporate demand for Bitcoin is now growing alongside individual demand.