According to BlockBeats news on July 31, as reported by The Block, the total market capitalization of publicly listed companies holding cryptocurrency has surged to 160 billion USD, a significant increase compared to about 90 billion USD at the beginning of 2024, marking a new trend of investors gaining crypto exposure through stocks. This growth over the past six months reflects an overall shift in corporate financial management strategies, with more and more companies viewing digital assets as legitimate balance sheet holdings. As the market adapts to this emerging trend, many companies have seen significant double-digit increases in their stock prices after announcing allocations of crypto assets.
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Xiniany
· 07-31 02:45
According to BlockBeats news on July 31, as reported by The Block, the total market capitalization of publicly listed companies holding cryptocurrency has surged to 160 billion USD, a significant increase compared to about 90 billion USD at the beginning of 2024, marking a new trend of investors gaining crypto exposure through stocks. This growth over the past six months reflects an overall shift in corporate financial management strategies, with more and more companies viewing digital assets as legitimate balance sheet holdings. As the market adapts to this emerging trend, many companies have seen significant double-digit increases in their stock prices after announcing allocations of crypto assets.
According to BlockBeats news on July 31, as reported by The Block, the total market capitalization of publicly listed companies holding cryptocurrency has surged to 160 billion USD, a significant increase compared to about 90 billion USD at the beginning of 2024, marking a new trend of investors gaining crypto exposure through stocks. This growth over the past six months reflects an overall shift in corporate financial management strategies, with more and more companies viewing digital assets as legitimate balance sheet holdings. As the market adapts to this emerging trend, many companies have seen significant double-digit increases in their stock prices after announcing allocations of crypto assets.