Corporate Crypto Asset Reserves Surpass $100 Billion
According to a report by Jinse Finance, as more corporations enter the cryptocurrency market, the latest research from Galaxy Research shows that companies holding digital asset reserves now possess $93 billion worth of Bitcoin, accounting for nearly 4% of the total circulating supply. Their Ethereum holdings amount to $4.1 billion, representing 1%. Additionally, their balance sheets have added 10 emerging cryptocurrencies, including SOL, XRP, and BNB. Among these companies, Strategy leads the pack with $71.8 billion in Bitcoin holdings (including $28 billion in unrealized gains).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gram Is Only Bright Spot in Crypto Bloodbath, Durov Says
AI trading rebounds; storage chip and optical communication stocks rise broadly in U.S. pre-market, CoreWeave surges 17%, oil prices stabilize.
Before the US stock market opened, CoreWeave rose about 17% as its Q3 revenue exceeded expectations and the company raised its annual revenue guidance. Storage chip stocks generally increased, with SK Hynix up about 7% and SanDisk up about 7%. Optical communication stocks also rose, with Coherent up about 9%, Credo up about 8%, and Lumentum up about 8%. Futures for all three major US stock indexes were up: Nasdaq 100 index futures rose 1.6%, S&P 500 index futures rose 0.7%, and Dow Jones index futures rose 0.2%.
Fed repricing lifts US Dollar Index – Deutsche Bank
Crypto prices
More
