This update was shared by Bitwise in a post dated April 14. The combined value of these Bitcoin stacks saw a marginal rise of 2.2%, reaching a collective worth of $56.7 billion. This calculation is based on the BTC price of $82,445 per coin.

Bitwise’s report also highlighted that the number of public companies investing in Bitcoin increased to 79 in Q1, with 12 companies making their first-ever Bitcoin purchase. The largest among these first-time buyers was Hong Kong-based construction firm Ming Shing, whose subsidiary Lead Benefit purchased a total of 833 BTC over the quarter.

The runner-up in this category was YouTube alternative platform Rumble, favored by the far-right, which purchased 188 BTC in mid-March. Another notable first-time Bitcoin buyer was HK Asia Holdings Limited, an investment firm from Hong Kong, whose share price nearly doubled in value following the announcement of their single Bitcoin purchase.

Japanese investment firm Metaplanet also made headlines with its purchase of an additional 319 Bitcoin, at an average price of 11.8 million yen ($82,770) per coin. This acquisition takes the firm’s total Bitcoin holdings to 4,525, currently valued at $383.2 million. Despite spending nearly $406 million on its Bitcoin stack, Metaplanet saw its stock go down by 0.5% on the Tokyo Stock Exchange as of the April 15 lunch break.

With this latest Bitcoin acquisition, Metaplanet now ranks tenth among the world’s largest public companies holding Bitcoin. The list is led by Jack Dorsey’s Block, Inc., holding 8,485 BTC, as per data from Coinkite. Despite a brief dip to under $75,000 on April 7 due to newly imposed global tariffs by the US, Bitcoin is currently trading around $84,440 and has seen an upward trend of around 2.3% since the end of Q1.

The post Public Companies Increase Bitcoin Portfolio by 16% in Q1 2025: Bitwise Report appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.