Corporate Bitcoin frenzy: companies now hold $15.3 billion in BTC
Cointelegraph
Published Nov 20, 2020 06:13AM ET
Updated Nov 20, 2020 08:00AM ET
As of Nov. 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. This is equivalent to a staggering $15.3 billion at the current price of $18,200.
Public companies and institutional investors are continuously accumulating Bitcoin. The spark that began with MicroStrategy’s ambitious $425 million BTC purchase has led to a broad institutional frenzy around the dominant cryptocurrency.
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Written By: Cointelegraph
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