The list of corporate bitcoin stockpilers continues to grow
It was a busy news week for bitcoin — though the price didn’t budge much, hovering in the $97,000 range for most of the week.
There was the announcement of the planned first-ever bitcoin ETF by a US president, and the macro (and very orange) rebranding of MicroStrategy to Strategy, which remains the largest corporate bitcoin holder by far. Soon after came the company’s earnings release and its aggressive bitcoin plans for 2025. And let’s not forget Trump’s “crypto czar” David Sacks’ first and much-anticipated (but fairly tepid) press conference.
Companies with bitcoin reserves also kept busy continuing to build their stockpiles. We added two new bitcoin stockpilers to our ongoing list:
Semler Scientific said it bought 871 bitcoin for $88.5 million between January 11 and February 3 “with proceeds generated from its January 2025 senior convertible notes offering and monetization of a portion of its minority investment in Monarch Medical Technologies.”
BitFuFu, a bitcoin mining company, released its January operations update, noting that as of January 31, it held 1,742 bitcoins. “No additional BTC were acquired on the secondary market in January 2025,” according to the press release.