Corporations and businesses are the largest net buyers of Bitcoin so far this year, outpacing exchange-traded funds and retail investors, according to new research.
Firms such as Michael Saylor’s Strategy have bought more Bitcoin (BTC) this year than any other category of investor, with overall corporate holdings growth totalling 157,000 BTC, worth around $16 billion at current prices, according to Bitcoin investment firm River.
Strategy makes up 77% of the group’s growth, the firm reported on X on May 12, before adding that it’s not just big companies.
“We’re seeing businesses across all industries sign up to River. They’re aligned with Bitcoin and how it can change their future,” the firm noted.
The next largest category after corporations was ETFs, which have grown their net Bitcoin by 49,000 BTC, or $5 billion worth, reported River. Following that were governments with around 19,000 BTC in