Rachael Lucas, an analyst at BTC Markets, said the growing accumulation of Bitcoin suggests “larger players are doubling down.”
The number of public companies holding Bitcoin rose 38% between July and September, in a sign that “large players are doubling down, not backing away” from Bitcoin, according to an analyst.
Crypto asset manager Bitwise found in its Q3 Corporate Bitcoin Adoption report, citing data from BitcoinTreasuries.NET, that 172 companies now hold Bitcoin (BTC), with 48 new ones entering the digital asset treasury space during the quarter.
Bitwise CEO Hunter Horsley said in an X post on Tuesday that the figures are “absolutely remarkable,” and show that “People want to own Bitcoin. Companies do too.”
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