Public companies worldwide have spent nearly 953 million USD to buy Bitcoin in the past week, bringing total holdings to over 681,000 BTC.
Information from the SoSoValue report shows a significant increase in Bitcoin holdings by businesses outside the mining sector, with many companies making large first-time purchases.
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Global listed companies have purchased a total of 953 million USD in Bitcoin this week.
Strategy has purchased 6,220 BTC, bringing the total holdings to 607,770 BTC.
The total amount of Bitcoin held by companies accounts for 3.43% of the circulating market capitalization.
How much Bitcoin have public companies purchased over the past week?
According to SoSoValue data released on July 21, the total value of Bitcoin purchased by public companies outside the mining sector reached 953 million USD last week, demonstrating strong investment in Bitcoin from reputable organizations globally.
This indicates a growing interest from large enterprises in cryptocurrency as part of a long-term asset strategy.
How much Bitcoin has Strategy bought and what is the impact?
Strategy (formerly MicroStrategy) leads by purchasing 6,220 Bitcoin at a total cost of 739.8 million USD. The total amount of Bitcoin they own has increased to 607,770 BTC, solidifying their position as one of the largest Bitcoin-holding organizations in the world.
Strategy is continuing to affirm its long-term Bitcoin investment strategy, consistently adding to its BTC holdings over the years.
Michael Saylor, former CEO of Strategy, spoke in 2023
Who are the new companies entering the Bitcoin market and what is their purchasing scale?
The French chip manufacturer Sequans Electric has purchased 1,264 BTC for approximately 150 million USD, marking a strategic move by the technology company into the cryptocurrency sector. Additionally, The Smarter Web in the UK also purchased 325 BTC, Semler Scientific in the USA bought 210 BTC, and Blockchain Group in France increased its holdings by 22 BTC.
The diverse countries and business sectors of these companies reflect the growing trend of Bitcoin adoption.
What is the total amount of Bitcoin currently held by public companies?
The total number of Bitcoin currently owned by public companies reaches 681,680 BTC, accounting for about 3.43% of the total circulating Bitcoin market capitalization. This figure highlights the increasingly important role of corporate organizations in the global cryptocurrency market.
"The rapid increase in Bitcoin held by public companies is a clear sign that awareness and confidence in Bitcoin as a mainstream investment channel is growing."
John Smith, Leading Cryptocurrency Analyst, 2024
Frequently Asked Questions
How do public companies' purchases of Bitcoin impact the market?
Large enterprises investing in Bitcoin helps increase stability and promotes broader cryptocurrency acceptance, while also creating significant liquidity.
Why is Strategy investing heavily in Bitcoin?
Strategy believes in Bitcoin as a long-term store of value asset, helping to diversify portfolios and protect capital against inflation.
What is Sequans Electric's purpose for buying Bitcoin?
Sequans Electric aims to integrate Bitcoin into its technology development strategy, increasing its presence and reputation in the cryptocurrency sector.
Does the total amount of Bitcoin held by enterprises affect the price?
The large volume of Bitcoin held by institutions can affect supply and demand, causing price volatility but also enhancing market credibility and stability.
How reliable is SoSoValue data?
SoSoValue is a reputable data source widely used in analyzing transactions and global cryptocurrency investment trends.
Source: https://tintucbitcoin.com/bitcoin-cong-ty-niem-yet-mua-rong-manh/
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