Companies Holding Much More Bitcoin Than Expected

Jesse Myers, head of Bitcoin strategy at Moon Inc., says many Bitcoin holders are seeing the massive amount of Bitcoin that corporations will accumulate by 2045, underestimate.

“Bitcoin Treasury Companies Will Own 50% of All BTC “we own far more than most Bitcoiners realize,” Myers said in an X thread on May 23.

Strategy Will Own $70 Trillion in Bitcoin by 2045

Myers further predicts that Michael Saylor’s company, Strategy, will own as much as $2045 trillion worth of Bitcoin (BTC) by 70, making it the most valuable company in human history. At the time of writing, Strategy owns 576.320 Bitcoin, which is worth approximately $62,24 billion, according to the Saylor Tracker.

“To give you some context, there are $1.000 trillion in assets globally,” Myers explained, adding that Bitcoin represents just 0,2% of that total. With half of the world’s capital looking for the best store of value, he predicts more capital will flow “osmotically” into Bitcoin.

“Over the last two years, there has been an exodus from fiat assets (bonds and money) and a shift toward hard assets (Bitcoin and gold),” Myers said.

Capital in bonds seeks new opportunities

Myers says there is approximately $318 trillion of capital in bonds that is “looking for greener pastures.” He explains that most of this capital is tied up in institutional investment vehicles with “strict mandates.”

“This is where Bitcoin Treasury Companies come in,” says Myers.

“Treasury companies will be the primary bidders for BTC in the coming decades, directing an ocean of store of value capital into BTC.”

As Bitcoin has been accumulating since 2020, other treasuries have also begun to emerge.

On April 24, Twenty One Capital, a Bitcoin treasury firm led by Strike founder Jack Mallers and backed by Tether, SoftBank, and Cantor Fitzgerald, was launched. The firm aims to become “the superior vehicle for investors seeking capital-efficient Bitcoin exposure.”

At the same time, Metaplanet, a Japanese company focused on accumulating Bitcoin, announced on May 1 that it will establish a US subsidiary.

According to data from Bitbo, publicly traded and private companies, ETFs, and nation states collectively hold 3,23 million BTC, worth approximately $348,25 billion.

Ready to see how Snowflake works?

It is evident that the dynamics within the Bitcoin market are intensifying, particularly with the rise of Bitcoin Treasury Companies. This development not only points to increasing institutional adoption, but also to a fundamental shift in the global capital supply. The future of Bitcoin could be very promising, with the potential for significant value creation.

Frequently Asked Questions

What are Bitcoin Treasury Companies?
Bitcoin Treasury Companies are enterprises that accumulate Bitcoin as a strategic store of value, often with the backing of institutional investors.

Why is Bitcoin accumulation by corporations important?
The accumulation of Bitcoin by corporations can promote Bitcoin adoption and appreciation by increasing scarcity and increasing demand.

What is the forecast for Bitcoin's value in the future?
According to experts like Jesse Myers, there is potential for a huge increase in value, especially as Bitcoin's percentage of the world's assets increases.