A massive wave of corporate Bitcoin adoption is underway. In just five days (June 9th-13th), over 60 companies made announcements related to Bitcoin, showcasing a huge surge in interest. This shows businesses are increasingly viewing Bitcoin as a mainstream financial asset.
New Bitcoin Treasuries Emerge
Six companies created brand new Bitcoin treasuries, adding a combined 404 BTC in a single week! American Bitcoin Corp led the charge, buying 215 BTC as it prepares for a public merger. Other newcomers to the Bitcoin treasury club include Bitmine and Gumi. Ten more companies, including Mercury Fintech (with an $800 million financing plan) and even Trump Media (planning a whopping $2.3 billion Bitcoin treasury!), are planning to join the party.
Existing Holders Buy More
Many companies already holding Bitcoin significantly increased their reserves. Twenty-three firms added a total of 2,188 BTC. Strategy led the pack, purchasing 1,045 BTC and completing a $979.7 million IPO on June 10th. Other notable purchases included Remxpoint (279.9 BTC), KULR (118.6 BTC), and Cipher Mining (111 BTC). Even smaller companies like Vanadi Coffee and Rocksoft made smaller contributions. This buying spree mirrors the recent surge in Bitcoin ETF investments, with BlackRock’s IBIT fund seeing nearly $1 billion in inflows during the same period.
Billions More on the Way
Nine companies have publicly stated plans to buy even more
Bitcoin, potentially adding another $1.83 billion to the market. ANAP is ready to buy 585 BTC, while Mélioz secured $32.5 million and has warrants for another $69.48 million in Bitcoin purchases. GameStop announced a $2.25 billion convertible note issue, with crypto investments a likely destination for some of those funds.
Beyond Simple Purchases
Some companies are exploring more innovative uses of Bitcoin. DDC Enterprise and H100 Group are planning to tokenize real-world assets, using Bitcoin as collateral. The Blockchain Group in France launched a €300 million capital program and secured shareholder approval to raise up to €10 billion.
