Bitcoin Holdings Surge Past $85 Billion in Corporate Wallets

The world of finance has witnessed a remarkable surge in corporate Bitcoin holdings. As of May’s end, publicly traded companies collectively own over 809,100 Bitcoin worth approximately $85 billion – more than double the holdings from just one year ago. This substantial increase is fueled by rising cryptocurrency prices and favorable regulatory shifts under the Trump administration. New accounting rules now allow companies to recognize gains on their Bitcoin holdings for the first time, further accelerating this trend.