#NEWTBinanceHODLer The BTC treasuries are growing like mushrooms after the rain.
Several publicly traded companies have decided to launch their own BTC treasuries or acquire new funding for the existing ones. A few days ago, Bitcoin holding company Nakamoto Holdings secured $51.5 million in capital to acquire more Bitcoins.
On Friday, Parataxis Holdings, a subsidiary of the digital asset-focused investment firm Parataxis Capital Management, announced the launch of a native Bitcoin treasury platform in the South Korean public market. Earlier this month, Norwegian cryptocurrency company K33 announced its plans to raise a minimum of 85 million Swedish kronor (8.9 million dollars) through a stock issuance to finance the purchase of up to 1,000 bitcoins for the company's reserves.
Also in Norway, earlier this month, the cryptocurrency exchange Norwegian Block Exchange saw its share price rise more than 138% in a single day after announcing it would start buying and holding Bitcoins. Another recent example is the acquisition by the Paris-listed technology company The Blockchain Group of 182 BTC for about $19.6 million, bringing its total holding to 1,653 BTC as of Wednesday.
According to BitcoinTreasuries.NET, at least 237 publicly traded companies are holding Bitcoin, with over 832,000 BTC in total, accounting for about 3.96% of the total supply of 21 million.