Public Companies Acquire $47 Million in Bitcoin in Weekly Purchases
Public companies excluding miners acquired $366M worth of Bitcoin in the week to Nov. 3, raising global corporate holdings to over $94.3B, according to SoSoValue.
BTC
Summary
In the week ending November 3, public companies excluding miners purchased a net $366 million in Bitcoin, according to SoSoValue data. Strategy acquired 397 BTC for $45.6 million at an average price of $114,771 each, bringing its total holdings to 641,205 BTC. Overall, such firms now hold 875,580 BTC valued at approximately $94.34 billion.
Terms & Concepts
- Bitcoin Holdings: The total amount of Bitcoin owned by an entity, often tracked for institutional, corporate, or governmental investment analysis.
- BTC: Abbreviation for Bitcoin, the first and most recognized cryptocurrency, operating on a decentralized blockchain.