Latest research shows: Public companies, trusts, and ETPs collectively hold nearly 7% of circulating Bitcoin.

19 publicly listed companies hold over $6.5 billion worth of Bitcoin, accounting for nearly 1% of Bitcoin's total market value. Bitcoin closed-end trusts and Bitcoin ETPs and other financial products currently hold $43.2 billion worth of BTC, equivalent to nearly 6% of Bitcoin's market value.

Listed Companies and Traditional Financial Products Bitcoin Holdings

Nickel Digital Asset Management revealed in a recent study that a total of 19 listed companies with a combined market capitalization exceeding $1 trillion have invested $4.3 billion in Bitcoin. Based on the current value of Bitcoin, the total value of Bitcoin held by these companies is approximately $6.5 billion. Most of these companies (13) are from the United States or Canada, with the rest from Europe, Turkey, Hong Kong, and Australia. Additionally, Nickel added that another 17 listed companies have purchased Bitcoin but have not disclosed the details of their portfolios at this stage, making it impossible to calculate the actual quantity purchased.

On the other hand, in addition to researching the asset allocation of listed companies in Bitcoin, the study also found that Bitcoin closed-end trust funds and Bitcoin ETPs hold a combined value of $43.2 billion in BTC, equivalent to nearly 6% of the Bitcoin market value, with 65% coming from the North American market.

Institutional Cryptocurrency Asset Allocation Will Continue to Grow

Nickel stated that the survey results are in line with the overall trend of financial institutions increasing their digital asset allocations. Anatoly Crachilov, CEO and founder of Nickel, stated that the combination of the COVID-19 crisis and expansionary monetary policies by central banks has increased the risk of currency depreciation, presenting an adoption opportunity for Bitcoin and digital assets:

"The increasing inflationary policies by the Federal Reserve, coupled with the expanding $18 trillion negative global bond yields, have prompted many companies to consider allocating to alternative assets."

Earlier this year, Nickel's research indicated that 81% of European wealth management firms and institutional investors expect the Bitcoin holdings in corporate treasuries to continue growing. Crachilov asserted that as the trend of institutions reallocating funds from bonds to Bitcoin continues, it will help dampen the price volatility of cryptocurrencies.

"With these institutional investors introducing longer-term, stickier capital, and greater liquidity, it is expected that over time, the influx of funds from large institutions and corporate players will lead to a reduction in overall ecosystem volatility."