Galaxy Report: Corporate Crypto Assets Holdings Exceed $100 Billion

PANews July 31 news, according to Cointelegraph, a report released by Galaxy Research on Thursday stated that corporate cryptocurrency financial companies including Strategy, Metaplanet, and SharpLink have accumulated a total of $100 billion in digital assets. The report pointed out that Bitcoin financial companies hold the vast majority of the share, with a balance of over 791,662 Bitcoins, valued at approximately $93 billion, accounting for 3.98% of the circulating supply. Ethereum financial companies hold 1.3 million Ethers, valued at over $4 billion, accounting for 1.09% of the Ethereum supply. However, according to a previous report by The Block, the total value of the ETH treasury reserves held by 64 entities has exceeded $10 billion. These entities include publicly traded companies, crypto exchanges, DeFi protocols, non-profit organizations, and reserve assets of federal governments.