Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset
When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge against fiat inflation. Now, it appears major global companies are following Microstrategy’s bitcoin strategy. The website bitcointreasuries.org is curating bitcoin treasures held in reserve by publicly traded companies from across the world. At the time of writing, 13 companies with a....
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Many public companies are now turning to a Bitcoin strategy, with many of them undergoing treasury changes. Notably, public companies holding Bitcoin on their balance sheets have seen their aggregate holdings surge past $113 billion in early September. This balance shows not only strong institutional conviction in Bitcoin as a reserve asset but also the […]
As attention on inflation heightens, public companies look to a solid store of value to protect their profits.
From a fundamental perspective, Bitcoin has never been stronger. The benchmark cryptocurrency has evolved from being a speculative asset to a reserve asset that is being widely adopted by retail investors, funds, institutions, and corporations alike. Its mounting strength in terms of its perception from investors has also taken place concurrently with mounting on-chain bullishness, […]
On Saturday, Texas became the first-ever US state to commit public funds towards the purchase of Bitcoin. Governor Greg Abbott signed Senate Bill 21 (SB21), officially authorizing the establishment of the Texas Strategic Bitcoin Reserve. Keep reading to learn more about this development, increasing investor and government confidence in Bitcoin’s long-term potential, and what’s the best crypto to buy now in order to ride the upcoming crypto wave. Texas Passes Groundbreaking Bitcoin Reserve Bill ‘We can buy land, we can buy gold; I think the state of Texas should have the....
While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each. Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets.According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers and asset managers — representing 4% of the cryptocurrency’s supply. Industry leader, the Grayscale Bitcoin Trust, represents more than 3% of the Bitcoin supply, managing 654,600 BTC....