Bitcoin Holdings By Public Firms Cross 1 Million BTC As Asset Gains Traction
According to the latest data from BitcoinTreasuries, the total amount of Bitcoin (BTC) held by public firms recently surpassed the one million mark, underscoring the rapid pace of adoption of the digital asset worldwide. Bitcoin Adoption Shows No Signs Of Slowing While corporate adoption of Bitcoin is not a novel practice, the trend gained significant […]
Related News
New York-based Digital Asset Holdings (DAH), the Blythe Masters-led firm that provides distributed ledger technology solutions for the financial services industry has completed a round of funding that exceeded $50 million from varied leading firms in the financial industry. The announcement was made last week when the blockchain startup revealed 13 global firms in the financial ecosystem who invested in the company. The thirteen firms are: ABN AMRO, Accenture, ASX Limited, BNP Paribas, Broadridge Financial Solutions, Inc., Citi, CME Ventures, Deutsche Börse Group, ICAP, J.P. Morgan,....
Tesla remains one of the public companies with the largest bitcoin holdings in the world. The automotive manufacturer had purchased bitcoin which was made public by CEO Elon Musk at a conference. Since then, the company has maintained its position in the digital asset, revealing that it had no intentions of selling its holdings. This […]
The combined capitalization of publicly-traded crypto stocks surged from roughly $25 billion in January to around $100B today. The combined market cap of publicly-listed crypto firms has roughly quadrupled this year while the number of public digital asset firms has increased by 28% over the same period.A new report from CoinShares estimates that public “cryptocurrency pure play companies” were worth roughly $25 billion at the start of the year, with mining firms and financial service providers representing the lion’s share of value.While the report notes that 16 digital asset firms have....
Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency.
Tesla Realizes Gains of $64 Million From Bitcoin Sale
Tesla Inc. filed its second-quarter report with the U.S. Securities and Exchange Commission (SEC) Monday.
The company explained that it converted about 75% of its bitcoin holdings into fiat currency, as Bitcoin.com News reported last week. The BTC conversion added $936 million of cash....
Bitcoin futures exchange Bakkt is going public via a merger with VPC Impact Acquisition Holdings, a special purpose acquisition company (SPAC) created for taking startup firms public. Both companies have now confirmed the transaction, and will be listed on the New York Stock Exchange (NYSE) under a new name – Bakkt Holdings Inc., – sometime in the second quarter of 2021. Rumours about the deal have swelled since early January. After the merger, Bakkt is expected to have an enterprise value of $2.1 billion, the company announced on Jan. 11. Bakkt was founded by Intercontinental....