In recent times, we’ve seen Bitcoin move from being just a cryptocurrency to a store of wealth and now an asset considered and accepted as a means of corporate reserve. The asset has been recently considered as a reserve due to the increased number of public companies holding the asset.
On the 24th of July, Chris Kuiper, one of the heads of research at Fidelity, shared exclusive data that showed that 35 public companies now hold over 1000 BTC. This incredible amount shows that more people are interested in the future of Bitcoin and, more importantly, the future growth of Bitcoin.
Since the year started in January with Bitcoin highs, we’ve seen an influx of both corporate and governmental institutions accepting Bitcoin as a store of wealth and reserve. In the first quarter of the year, about 24 public companies held at least 1,000 BTC; that number moved to 30 companies in the second quarter and is now 35 in this third quarter.

Source: Chris Kuiper
The increase in the interest for Bitcoin could be possibly linked to the executive order by United States President Donald Trump. On the 6th of June, President Trump signed the order to create a U.S. Bitcoin Reserve and Digital Assets Stockpile.
This order, as published by the official White House website, orders the creation of a Bitcoin Reserve that treats Bitcoin as a reserve asset, and any money recovered from civil or criminal forfeiture by the Department of Treasury would be stored in this reserve. It also created a digital asset stockpile that also stores other assets that are not Bitcoin.
The data shared by Chris also showed that the Bitcoin purchases from Q1-Q2 are distributed across various public companies and not held by a certain number of big buyers.

Source: Chris Kuiper (X)
Also Read Who Owns the Most Bitcoin? Top 5 Public Companies Betting Their Future on BTC