CryptoQuant says public firms hold 1.3 million BTC, with 71% of growth tied to Strategy

Global publicly listed companies hold 1.3 million BTC, up 31% over the past 14 months, according to CryptoQuant.

CryptoQuant said the increase in corporate Bitcoin holdings may appear strong, but was less broad-based in practice. Strategy accounted for 71% of the total increase, while other companies showed weaker buying and larger sales, the firm said. CryptoQuant added that the number of companies newly joining the list of Bitcoin-buying and Bitcoin-holding firms has barely increased.

Source: Coinness