Bitcoin Adoption Soars: 126 Public Firms Now Hold $819,000 BTC

Public companies globally are increasing their holdings of Bitcoin, with 126 companies now holding a substantial amount – almost $819,000 worth. This trend is driven by growing confidence in the asset as a long-term store of value and diversification strategy. Despite recent market fluctuations, this suggests a commitment to Bitcoin’s potential as a core part of corporate investment strategies. The SEC’s review process for the 21Shares SUI Spot ETF application could be crucial, potentially opening up new avenues for Bitcoin adoption in traditional financial markets.