Wall Street goes to Bitcoin Shopping: Add to $810 million in corporate reserve

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In just five days, Corporate America and Beyond have made a big splash in the crypto market. Between July 14th and 19th, 58 Bitcoin Treasury updates appeared.

During the same stretch, Bitcoin price rose to $123,000, with 21 companies quietly adding around $810 million in BTC to their balance sheets.

Companies collectively have Bitcoin reserves

According to reports, Michael Saylor’s strategy tops the list by scooping up 4,225 BTC. Metaplanet continued at 797 BTC, while French Sikan was tacked at 683 BTC.

The Smarter Web Company in the UK chipped at 325 BTC. Small Buys came from Semler Scientific (210 BTC), Australia’s DigitalX (167 BTC), and China’s Cango (nearly 150 BTC). These purchases ranged from companies in the US, Japan, France, Canada, Sweden and other countries.

Some buyers step into the arena

Based on the report, four companies launched a fresh Bitcoin financial plan, parking a total of $99 million in BTC. Bullish’s IPO submission revealed $92 million in Bitcoin holdings.

Satsuma Technology debuted at $3.37 million, BTC Digital put aside $1 million (8.5 BTC) and Active Energy quietly launched the Treasury Department for less than 1 BTC. Additionally, five other disclosures cover things like mining transactions and token swaps.

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Btcusd is currently trading at $117,974. Chart: TradingView

A fresh financial plan has been announced

The 17 new corporate programs aim to add 44,200 BTC over the coming months. The Bitcoin Standard Treasury Company, led by BlockStream’s Adam Back, is set to hold about 30,000 BTC in its book.

Other big hitters include Volcon, which sets up a $500 million Bitcoin strategy, maps a $100 million fund split between BTC and SUI, and clicks Holdings. OFA Group also flagged the $100 million equity reserve, with Cycurion lined up $10 million for cryptocurrency plans.

Funds set aside for future purchases

The 11 fundraising drive is already locked to around $47 million for future BTC purchases. Smarter Web Company raised $23.5 million. Belgravia Hartford pulled in $9.7 million. The Blockchain Group has raised $7 million. Meanwhile, the H100 Group, Vaultz Capital and LQWD have each announced a multi-million dollar round aimed at targeting more Bitcoin.

At the time of writing, Bitcoin was trading at $117,995, a 0.2% drop in the last 24 hours, CoinmarketCap data shows.

Unsplash featured images, TradingView charts

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