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Wall Street’s Bitcoin Grab: Public Firms Now Control Over 1 Million BTC


by Chayanika Deka
for CryptoPotato
Wall Street’s Bitcoin Grab: Public Firms Now Control Over 1 Million BTC

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Publicly traded companies have now collectively accumulated over 1,000,000 BTC, in a historic milestone in Bitcoin adoption. This stash represents nearly 5% of Bitcoin’s fixed 21 million supply, as institutional conviction around the asset continues to grow.

From corporate treasuries of prominent firms to Bitcoin mining firms and ETF issuers, the presence of publicly listed companies in the market has significantly expanded over the past few years.

Read the article at CryptoPotato

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Bitcoin Price Analysis: Drop to $80K Still Possible if BTC Doesn’t Reclaim This Key Level Soon

Bitcoin Price Analysis: Drop to $80K Still Possible if BTC Doesn’t Reclaim This Key Level Soon

Bitcoin’s relief bounce has slowed down following an aggressive short-term rally. Aft...
JPMorgan Retains Gold-Linked $170K Bitcoin Target Despite Recent Plunge

JPMorgan Retains Gold-Linked $170K Bitcoin Target Despite Recent Plunge

The bank’s volatility-adjusted bitcoin-to-gold model still points to a theoretical pr...

Wall Street’s Bitcoin Grab: Public Firms Now Control Over 1 Million BTC


by Chayanika Deka
for CryptoPotato
Wall Street’s Bitcoin Grab: Public Firms Now Control Over 1 Million BTC

Share:

Publicly traded companies have now collectively accumulated over 1,000,000 BTC, in a historic milestone in Bitcoin adoption. This stash represents nearly 5% of Bitcoin’s fixed 21 million supply, as institutional conviction around the asset continues to grow.

From corporate treasuries of prominent firms to Bitcoin mining firms and ETF issuers, the presence of publicly listed companies in the market has significantly expanded over the past few years.

Read the article at CryptoPotato

In This News

Share:

In This News

Share:

Read More

Bitcoin Price Analysis: Drop to $80K Still Possible if BTC Doesn’t Reclaim This Key Level Soon

Bitcoin Price Analysis: Drop to $80K Still Possible if BTC Doesn’t Reclaim This Key Level Soon

Bitcoin’s relief bounce has slowed down following an aggressive short-term rally. Aft...
JPMorgan Retains Gold-Linked $170K Bitcoin Target Despite Recent Plunge

JPMorgan Retains Gold-Linked $170K Bitcoin Target Despite Recent Plunge

The bank’s volatility-adjusted bitcoin-to-gold model still points to a theoretical pr...