61 Public Companies Hold Over 3% of All Circulating Bitcoins

A notable shift in the cryptocurrency landscape is underway, as institutional investors are rapidly accumulating Bitcoin. A recent report by Standard Chartered indicates that 61 public companies hold over 3% of the total bitcoin supply, a figure representing 3.2% of all bitcoins ever to exist. These companies, including those from energy, industry, and finance sectors, are strategically incorporating Bitcoin into their portfolios as a hedge against economic volatility. This phenomenon is reminiscent of digital gold’s rise to prominence.