In brief
- Public companies holding Bitcoin saw a 40% surge in the third quarter.
- These firms collectively hold over 1.02M BTC, valued at over $117 billion.
- Experts cite friendly policy and long-term strategy, forecasting that Bitcoin could hit $160,000 in the fourth quarter.
A record number of companies have increased their Bitcoin exposure in the third quarter of this year, even as the crypto market begins to navigate a volatile period.
The number of public companies holding Bitcoin surged to 172, a nearly 40% increase in just three months, according to a tweet from asset manager Bitwise on Wednesday.
As of September 30, these firms collectively held over 1.02 million Bitcoin, worth approximately $117 billion. That number has increased over the last two weeks to 1.02 million and $118.4 billion, according to Bitcoin Treasuries data.
“We’re seeing a growing
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Author: Akash Girimath
