CandleFocus

Publicly-listed companies keep adding bitcoin to their balance sheets

Several companies, including MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet, and Real Bedford FC, have purchased a total of 48,836 BTC following the dip in bitcoin's price in March, with MicroStrategy accounting for the majority of the purchases. The total estimated cost of the bitcoin bought during this period is $3.09 billion, which would now be worth closer to $3.1 billion. Publicly-listed companies have been buying bitcoin for over four years, and the rate of individual bitcoin purchases from corporations is increasing. Meanwhile, Binance co-founder Changpeng Zhao has been released from US federal custody after serving a four-month prison sentence and has expressed plans to invest in blockchain and decentralized tech, as well as dedicate more time and funding to charity and education. Japan is reportedly reviewing its crypto oversight rules, potentially paving the way for the creation of crypto-related products, and signaling a friendlier stance towards cryptocurrency.

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