💰What is Algobit Defi? - Described as a smart contract for the smartest entrepreneurs, Algobit is a platform created to support the concept of community development and crowd funding while earning from a robust referral system.
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Bitcoin held by public companies has surged 400% in 12 months to $3.6 billion
Technology researcher Kevin Rooke has been tracking the Bitcoin (BTC) holdings of public companies throughout the past two years. According to Rooke, public firms now hold over $3.6 billion worth of BTC.
In 2019, public companies had merely 20,000 BTC on their books. This figure has increased to 105,837 BTC in 12 months. Rooke said:
“Last year, public companies held fewer than 20,000 BTC on their balance sheets.
Today, 19 public companies hold 105,837 BTC on their balance sheets, valued at over $3.6 billion.” Bitcoin holdings of public companies. Source: Kevin Rooke
Today, MicroStrategy is the biggest Bitcoin holder with 70,784 BTC with GalaxyDigital Holdings a distant second with over 16,400 BTC. Square Inc., meanwhile, is the largest company by market cap among public company holders by with roughly 4,700 BTC.
NEWS-SOURCE
More growth in the digital world and cryptocurrency is shaping the future of finance more reason to anticipate Algobit Defi entry into the financial sector.
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Bitcoin held by public companies has surged 400% in 12 months to $3.6 billion
Technology researcher Kevin Rooke has been tracking the Bitcoin (BTC) holdings of public companies throughout the past two years. According to Rooke, public firms now hold over $3.6 billion worth of BTC.
In 2019, public companies had merely 20,000 BTC on their books. This figure has increased to 105,837 BTC in 12 months. Rooke said:
“Last year, public companies held fewer than 20,000 BTC on their balance sheets.
Today, 19 public companies hold 105,837 BTC on their balance sheets, valued at over $3.6 billion.” Bitcoin holdings of public companies. Source: Kevin Rooke
Today, MicroStrategy is the biggest Bitcoin holder with 70,784 BTC with GalaxyDigital Holdings a distant second with over 16,400 BTC. Square Inc., meanwhile, is the largest company by market cap among public company holders by with roughly 4,700 BTC.
NEWS-SOURCE
More growth in the digital world and cryptocurrency is shaping the future of finance more reason to anticipate Algobit Defi entry into the financial sector.
REGISTRATION-LINK
Believe it or not, bitcoin has become a good long-term investment
Smart investing is about balancing risk and reward. Typically, when analyzing potential pluses and minuses, financial professionals consider the fundamentals: How has the investment performed over time? What are the market trends?
Do the company valuations look strong?
Until recently, as an investment, bitcoin has had unique and pronounced risks, but that's changing, with new rules and regulations that have spurred wider institutional adoption.
Throughout its 12-year history, the world's most valuable cryptocurrency has faced extreme volatility, with prices rising and falling as much as 10% on any given day — reaching an all-time high of more than $41,000 earlier this month. Beyond wild price swings.
NEWS-SOURCE
Cryptocurrency is taking over more reason to watch out for the upcoming launch of the Algobit DeFi platform token and position yourself for the biggest financial movement of the year.
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