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5.4 billion euros worth of Bitcoin (BTC) is now held by companies

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To date, 13 publicly traded companies own nearly 5.4 billion euros in Bitcoin (BTC).

MicroStrategy, Galaxy Digital, and Square are some of the biggest companies that own BTC.

Companies now own BTC

According to the Bitcoin Treasuries site, more than 5.4 billion euros of Bitcoin are now held by companies, including the US software giant MicroStrategy, asset manager Galaxy Digital and the payments platform Square.

This amount also includes companies that hold Bitcoin on behalf of their clients such as asset manager Galaxy Digital.

The phenomenon has accelerated in recent weeks with a new investment from MicroStrategy and the acquisition of 4,709 bitcoins by the company created by the founder of Twitter. This trend indicates a growing interest in Bitcoin as a store of value from both publicly traded companies and individual investors.

All Norwegians have Bitcoin

The acquisition of MicroStrategy also means that the company’s shareholders indirectly hold Bitcoin.

The Norwegian government pension fund has a 2% stake in MicroStrategy company. Thus, every Norwegian citizen indirectly “owns” $ 1.72 worth of BTC without even knowing it.

The price of BTC rose from $ 11,365 to $ 11,698, an increase of almost 3% in the last 24 hours. Bitcoin is trading at $ 11,474 at the time of this article’s publication.

Shivam Singh
Founder of the TechGrits, has always looked at technology as a piece of knots. From an early age connected to the technological world, this is literally your dream job.

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