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05 December 2020

Corporate Bitcoin frenzy: companies now hold $15.3 billion in BTC

Corporate Bitcoin frenzy: companies now hold $15.3 billion in BTC


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20, companies hold around 842,229 BTC or 4.54% of today’s Bitcoin (BTC) supply, according to the Clark Moody dashboard and data from Bitcointreasuries.org.

The demand for Bitcoin from companies and institutions likely comes from its growing reputation as a digital store of value.

Corporations are now holding roughly 4.5% of today’s Bitcoin supply, which is around 18.5 million BTC.

11, when MicroStrategy announced its initial purchase of $250 million worth of Bitcoin, Saylor said:

The prospect of inflation and consistent liquidity injections from central banks further fuel the medium to long-term outlook for Bitcoin, which some analysts consider the perfect environment for BTC to shine over time. 

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cointelegraph.com
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