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Corporate Bitcoin Holdings Double Over Past Year to 70 Companies, Reports Bitwise
Jan 8, 2025, 02:36 PM
Corporate Bitcoin holdings have more than doubled over the past year, according to a report by Bitwise. This surge indicates a growing trend among businesses to invest in cryptocurrency, marking a shift from the traditional corporate treasury approach that typically prioritizes cash preservation over higher returns. As of now, approximately 70 companies are reported to hold Bitcoin on their balance sheets. The increasing adoption of Bitcoin by corporations suggests that the cryptocurrency is gaining mainstream legitimacy, moving beyond its previous perception as a fleeting trend.
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