Galaxy

Bitcoin

Read

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Jetking Infotrain, a 77-year-old Indian company that specializes in IT training, has<a href="https://pbs.twimg.com/media/GeXKobfWIAA6KSj?format=png&amp;name=small" rel="noopener noreferrer nofollow">adopted</a> Bitcoin as a treasury reserve asset.
According to its Monday announcement, the company will hold a majority of its assets in the largest cryptocurrencies.
This is the latest sign that corporate Bitcoin adoption is becoming more global.
Public companies now hold a total of 2.6% percent of Bitcoin's supply.
MicroStrategy, the prominent business intelligence firm run by charismatic billionaire Michael Saylor, is the top corporate owner of the leading cryptocurrency by an enormous margin.
As<a href="https://u.today/microstrategy-announces-gigantic-21-billion-bitcoin-purchase" rel="noopener noreferrer nofollow">reported by U.Today</a>, MicroStrategy's Bitcoin holdings have now eclipsed the $42 billion mark.
Apart from MicroStrategy, other American companies are among the top Bitcoin holders. These companies include Marathon Digital, Riot Platforms, Tesla, and Coinbase.
Two Canadian companies (Hut 8 Mining and Galaxy Digital) are also in the top 100.
Bitcoin Group SE, a German investment holding company, is the largest Bitcoin holder outside of North America.
China's Boyaa Interactive is the largest holder of the flagship cryptocurrency in Asia with a total of $310 million.
BitFuFu, which recently reported owning 1,664 BTC, and Japanese public company Metaplanet are also among Bitcoin's top Asian holders in the corporate sector. As <a href="https://u.today/microstrategys-saylor-welcomes-red-hot-japanese-company-to-bitcoin-standard" rel="noopener noreferrer nofollow">reported by U.Today</a>, Metaplanet recently appeared among the most traded public companies in Japan.
India, however, is known for its hostile stance toward cryptocurrencies. In October, the Hindustan Times<a href="https://www.hindustantimes.com/india-news/cbdc-has-an-edge-on-bitcoin-ether-experts-to-govt-101729538716941.html" rel="noopener noreferrer nofollow">reported</a> that leading Indian institutions and regulators were considering implementing another Bitcoin ban. The country's central bank is currently focused on its gradual rollout of a central bank digital currency. <a href="https://u.today/first-indian-public-company-buys-bitcoin" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

First Indian Public Company Buys Bitcoin

U_Today

Other articles published on Dec 9, 2024

ADA Price Set to Explode, Here’s What Data Says

Thought You Missed Out on Quant's Rise? Here’s a New Crypto Opportunity That Could Redefine Your ...

New Wave of Memecoins: Catzilla Predicted to Outperform FLOKI, BONK and POPCAT

6 Best Self-Custody Wallets for Easy Crypto Purchases

New Malware Targets Crypto Wallets Through Fake Meeting App

Brooklyn DA shutters 40 NFT scam sites after artist loses $135K

Join our free newsletter for daily crypto updates!