Public Companies Hit $111 Billion Milestone in Bitcoin Reserves

A wave of institutional investment is driving Bitcoin to historic highs, with over a million BTC now held by public companies. Data released on Thursday reveals this trend, highlighting a significant shift towards embracing Bitcoin as part of corporate strategies for hedging against inflation and capitalizing on its steady price growth. This surge has been fueled by the pioneering approach of MicroStrategy under Michael Saylor, which became an inspiration for other businesses like Mara Holdings and GameStop. ]