TechFlow reported on September 30, according to Blockworks, that multiple public companies continued increasing their Bitcoin holdings after Bitcoin hit a new all-time high in March. In total, MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet, and UK football club Real Bedford FC have collectively purchased approximately 48,836 bitcoins, spending an estimated $3.09 billion and currently holding around $3.1 billion worth of Bitcoin.
Among them, MicroStrategy accounted for 97% of the purchases. Since MicroStrategy first bought Bitcoin in August 2020, at least 15 companies have added Bitcoin to their balance sheets. This year, corporate Bitcoin purchases have significantly accelerated, reaching 32 transactions so far—far exceeding the nine recorded last year. Block has adopted a recurring investment strategy, allocating 10% of Cash App’s gross profit from Bitcoin-related activities each month toward Bitcoin purchases. According to its Q2 financial report, if maintained steadily, Block would invest approximately $2.2 million monthly into Bitcoin, equivalent to about 34.6 BTC at current prices.
