The value of Bitcoin holdings by listed companies is close to $85 billion, more than doubling in one year

PANews reported on June 5 that according to CoinDesk, after Trump was elected as the US President, listed companies have shown great enthusiasm for holding Bitcoin. According to a Binance research report, as of the end of May, 116 listed companies held a total of 809,100 Bitcoins, worth about $85 billion at current prices, a significant increase from the 312,200 holdings a year ago, and nearly 100,000 more since early April alone. After taking office, Trump actively promoted the development of cryptocurrencies, such as establishing strategic Bitcoin reserves, while new accounting rules allowed companies to recognize gains from Bitcoin holdings, which also promoted the increase in holdings. In addition, new entrants such as GameStop began to accumulate Bitcoin, but strategy companies still hold the largest share. The report also pointed out that tokenized real-world assets have grown by more than 260% this year to $23 billion.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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