Research: 19 Public Companies Hold Over $6.5 Billion Worth of BTC

According to Cointelegraph, a new study by Nickel Digital Asset Management shows that 19 publicly traded companies hold more than $6.5 billion worth of BTC, or nearly 1% of the total market value of crypto assets, with another 5.75% held by exchange-traded products and closed-end trusts. The study suggests that institutional adoption of cryptocurrencies is on the rise, with eight public companies buying bitcoin in the first four months of 2021, compared to just seven companies in all of 2020.