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Public companies are actively buying Bitcoin. And right now, this is literally a hot trend. Even the media company of U.S. President Donald Trump, Trump Media and Technology Group (TMTG), has announced plans to purchase BTC worth $2.5 billion. The number of public companies creating Bitcoin treasuries is only increasing, as the most popular and first cryptocurrency in the world reaches historical highs. Digital gold has increased in value by 15% over the last three months, surpassing the growth of the MSCI World index by 3.6% and gold by 13.3%.
Companies are accumulating Bitcoins for various reasons: some hold it as a hedge against inflation or to demonstrate support for the cryptocurrency industry, which is actively supported by the new U.S. government. Some firms have made the use of debt obligations and stock sales to buy Bitcoins their main business strategy.
