Global public companies have significantly increased their Bitcoin holdings, purchasing a total of $2.542 billion worth of the cryptocurrency in the past week, marking a 154.2% rise from the previous week. Strategy, formerly known as MicroStrategy, led the surge with a $2.54 billion investment, acquiring 34,164 bitcoins at $74,395 each, bringing its total to 815,061 bitcoins.
Other notable purchases include U.S. asset management firm Strive, which added 27 bitcoins to its holdings, and Japanese fashion brand ANAP, which invested $410,000 to buy 5.07 bitcoins. The UK-based The Smarter Web Company and a French Bitcoin company also made significant acquisitions. Collectively, these investments have increased the total Bitcoin holdings of global listed companies to 1,081,576 bitcoins, valued at approximately $81.65 billion, representing 5.4% of Bitcoin's circulating market cap.
Global Companies Boost Bitcoin Holdings by $2.54 Billion in a Week
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
