Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Corporate Bitcoin Holdings Surge to $85 Billion: What’s Fueling the Growth?

19h ago
bullish:

0

bearish:

0

Share
Corporate Bitcoin Holdings Surge to $85 Billion: Here's Why
  • Public companies now hold 809,100 BTC, marking a sharp increase from 312,200 BTC last year.
  • Trump’s pro-crypto policies and U.S. regulatory changes fuel increased Bitcoin holdings.
  • FASB’s new rules allowing Bitcoin gains to be recognized boost corporate investment in BTC.

A growing number of companies are holding BTC, with 116 public companies owning approximately 809,100 BTC, equivalent to around $85 billion. This is a considerable rise from just 312,200 BTC a year earlier.

The reason for the major increase in Bitcoin accumulation is due to various factors. The recent surge in Bitcoin’s value has prompted many more companies to include it in their portfolios. The ongoing support for cryptocurrency by President Donald Trump has created more interest in the sector. 

After Trump was elected, the U.S. government began to support policies that are beneficial for the crypto industry. For instance, the SEC has stopped pursuing many lawsuits against leading crypto firms. The Trump administration has also established a Strategic Bitcoin Reserve and a Digital Asset Stockpile, demonstrating its support for Bitcoin.

Trump’s Win and FASB Rules Boost Corpora…

The post Corporate Bitcoin Holdings Surge to $85 Billion: What’s Fueling the Growth? appeared first on Coin Edition.

19h ago
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.