Traditionally, solely crypto-native corporations held bitcoin on their steadiness sheets. Nonetheless, a major structural shift has occurred over the previous 4 years. Private and non-private corporations at the moment are embracing bitcoin, motivated by financial, geopolitical, and regulatory elements. As an illustration, private and non-private corporations at present maintain over 4% of all bitcoin, valued at round $50 billion, with MicroStrategy main the way in which, having collected a bitcoin portfolio value $13 billion since August 2020.