Bitcoin Finds A Corporate Home—Treasuries Now Hold Over $100-B: Study
Public companies are changing how they manage their cash. They aren’t just parking money in banks anymore. Reports have disclosed that more than $100 billion is now held by companies that treat Bitcoin as part of their main reserves. This move has drawn big names into the mix and caught the eye of investors everywhere. Related […]
Public companies are changing how they manage their cash. They aren’t just parking money in banks anymore. Reports have disclosed that more than $100 billion is now held by companies that treat Bitcoin as part of their main reserves. This move has drawn big names into the mix and caught the eye of investors everywhere.
Digital Asset Treasury Companies Take Root
According to Galaxy Research’s latest report, a new group of firms—called Digital Asset Treasury Companies or DATCOs—holds nearly 792,000 BTC (about $93 billion) and 1.31 million ETH (about $4 billion).
Those figures add up to nearly 4% of all Bitcoin and 1.1% of Ethereum’s total supply. These companies mix digital coins with cash and maybe gold, staking some ETH to earn more on assets they keep idle.
The Rise of Digital Asset Treasury Companies
A new wave of public companies is using crypto as a capital strategy.
$100B+ in BTC, ETH, & more
Here’s what you need to know
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