#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Capital Economics: Japan's PMI supports the Bank of Japan in resuming rate hikes in October.
Japan's latest PMI data supports Capital Economics' view that the Bank of Japan may raise interest rates sooner rather than later. Japan's composite PMI rose to a four-month high of 51.4 in June. Both the manufacturing and services PMIs edged higher in June. Capital Economics macroeconomist Abhijit Surya writes that the manufacturing output index points to a renewed acceleration in industrial production, while new export orders point to a modest increase in volumes. The services PMI is well above historical averages, in line with the sizable growth in consumer spending. All in all, the BOJ is expected to have a reason to raise rates in October, rather than early next year, as many expected. ( gold ten )