The cryptocurrency market is witnessing a strong acceleration of institutional capital inflow as more and more companies worldwide, from the United States to South Korea and France, announce plans to expand or initiate strategies to accumulate digital assets. This not only reinforces Bitcoin's ($BTC ) position but also opens the door for altcoins like Dogecoin, Litecoin, Solana, Ripple, Ether, and USDC to become part of corporate treasury.
Multisector enterprises rush to accumulate Crypto
A multitude of companies from various sectors are intensifying their holdings of digital assets:
Thumzup Media (USA): This marketing company will expand its crypto portfolio beyond Bitcoin, starting to buy more Dogecoin, Litecoin, Solana, Ripple, Ether, and USDC. Currently, they hold 19,106 BTC (approximately $2.1 million), accounting for up to 90% of liquid assets.
Sequans Communications (USA): This semiconductor chip manufacturer has just purchased 370 BTC and expects to accumulate over 3,000 BTC in the coming weeks.
KULR (USA): The battery technology company has purchased an additional 101 BTC, bringing its total Bitcoin holdings to 1,021 BTC.
DDC Enterprise (USA): This financial and AI platform development company has signed a memorandum of understanding with Animoca Brands to manage a $100 million BTC portfolio, with Yat Siu from Animoca participating in the Bitcoin strategic council.
K Wave Media: This South Korean media and entertainment company has just purchased its first 88 BTC and may access $1 billion in funding, of which at least 80% from Anson Funds will be used to buy more Bitcoin. #Korea
Tractial (France): This technology and financial services company plans to raise 1 million euros to buy more Bitcoin. #France
Positive signals for the market
The willingness of companies to allocate a significant portion of their liquid assets to crypto, and even plan to raise hundreds of millions to billions of dollars to acquire Bitcoin and altcoins, is an extremely optimistic sign for the sustainable development and widespread acceptance of the cryptocurrency market in the future. #american