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Bitcoin Goes Corporate: Dozens of Public Companies Are Banking on Crypto

Public companies are diving deeper into Bitcoin, collectively holding around 593,406 BTC, valued at approximately $55 billion. These companies include big names like MicroStrategy, which alone holds over 158,400 BTC, accounting for 26.7% of corporate Bitcoin holdings.

Tesla is another major player, holding 10,725 BTC, while Coinbase holds 10,209 BTC. Notably, Block, led by Jack Dorsey, has accumulated 8,027 BTC. This growing trend highlights the significant role of corporate investment in stabilizing and legitimizing Bitcoin as a financial asset.

The introduction of spot Bitcoin ETFs has further accelerated this movement, offering companies a regulated pathway to invest in crypto. These ETFs provide an alternative to direct BTC holdings, reducing custody risks while enabling exposure to Bitcoin’s potential upside. With this shift, companies are not just diversifying their portfolios but also positioning themselves at the forefront of financial innovation. Show Less

https://www.coinspeaker.com/bitcoin-goes-corporate-dozens-of-public-companies-are-banking-on-crypto/
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