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Corporate Bitcoin Craze: 54 Companies Dump $500M Into BTC Treasuries

  • In early July, 54 companies revealed new treasury plans or purchases, leading to over 8,400 BTC, equivalent to about $500 million, flowing into company coffers, showcasing Bitcoin's appeal as a safe-haven asset.
  • Major companies such as Figma, Cel AI, Opyl Limited, and Hyper Bit made significant Bitcoin acquisitions. Additionally, two gold-sector companies and other businesses outlined future crypto allocations in their treasuries.
  • A total of 18 firms added to their Bitcoin holdings, with various activities like fund raises for BTC exposure and formal treasury programs being launched, indicating a growing confidence in owning crypto long term.
  • Several companies not only made immediate Bitcoin purchases but also signaled plans to continue growing their BTC reserves in the future. This trend of companies integrating Bitcoin into their treasuries demonstrates a broader acceptance of cryptocurrency as a store of value.

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