As of the end of May, the value of Bitcoin holdings by listed companies was close to $85 billion
06-05 13:48
Odaily News After Trump was elected as the US President, public 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 approximately $85 billion at current prices, a significant increase from the 312,200 Bitcoins held a year ago, and nearly 100,000 Bitcoins have been added since early April alone. After taking office, Trump actively promoted the development of cryptocurrencies, such as establishing a strategic Bitcoin reserve, 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 have begun 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. (CoinDesk)
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