Mainstream adoption propels cryptocurrency market, with Bitcoin Treasuries surpassing 1 million BTC worth over $111 billion, boosting the success of alternative coins
In the rapidly evolving world of cryptocurrencies, corporations are increasingly showing interest in digital assets. Two prominent companies, Metaplanet and Semler Scientific, have announced plans to grow their Bitcoin holdings tenfold and twentyfold respectively, by the end of 2027.
This trend is not exclusive to Bitcoin. Companies are also showing interest in Ethereum, as evidenced by SharpLink's purchase of around 39,000 ETH.
Currently, publicly listed companies collectively hold close to 5% of Bitcoin's 21 million token supply. MARA Holdings is in second place with 52,447 BTC. However, the company that leads the pack is Strategy (formerly MicroStrategy), holding the largest amount of Bitcoin among publicly listed companies with a staggering 636,505 BTC. Strategy acquired Bitcoin at an average of $73K, resulting in a 50% increase in value and a 25.7% Bitcoin yield YTD.
The growth in corporate Bitcoin holdings is not just limited to the top players. Two new entrants, Jack Maller's XX1 and the Bitcoin Standard Treasury Company, have entered the top 4 spots with 43,514 BTC and 30,021 BTC respectively.
But the story doesn't end with Bitcoin. Best Wallet, a mobile-friendly non-custodial hot wallet, is also making waves. Its native token, $BEST, is currently available for presale for $0.025595 and has the potential to surge to $0.072 following exchange listings and new app developments. Best Wallet allows users to buy, sell, swap, and stake a thousand cryptos across multiple chains. It also enables seamless cross-chain swaps at competitive rates by tapping into 330+ DEXs and 30 bridges. Best Wallet is planning to support 60+ networks to provide broader access to tokens, DeFi apps, and presales.
Moreover, Best Wallet offers multiple layers of protection against unauthorized access due to its non-custodial nature, 2FA, biometrics, and local encryption. The wallet also features a Token Launchpad to help users find the next crypto to explode, such as Maxi Doge ($MAXI), a new cryptocurrency that has raised $1.8M+ in a presale and aims to become a top dog in the meme coin arena.
Another exciting project is $XPIN, which offers a free data plan providing global, borderless, carrier-free connectivity across 149 countries. Recently, $XPIN has doubled in price over the past week due to the launch of its XPIN FreeData Plan.
As more companies plan to accumulate Bitcoin, which could boost its price in the future, the landscape of cryptocurrencies continues to evolve, offering exciting opportunities for both corporations and individual investors.
