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