Corporate Bitcoin Adoption Surged 40% In Q3: Report
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Bitwise Asset Management's Q3 Corporate Bitcoin Adoption Report reveals a 40% surge in corporate Bitcoin adoption, with 172 public companies now holding Bitcoin, up from 124 in Q2. The total value of corporate Bitcoin treasuries reached $117 billion, representing over 4.87% of total Bitcoin supply. Notable holders include MicroStrategy and Marathon Digital. Despite increased accumulation, Bitcoin's price remains volatile, influenced by profit-taking and macroeconomic factors. The growth of Bitcoin ETFs is also attracting traditional investors, with significant inflows during the recent market rally.
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