This year is a turning point in terms of investment in BTC, with public companies invested in it more than $ 6 billion.
A total of 13 public companies were included in this statistic, which decided to purchase BTC in their HODL portfolio.
As you can see in the picture, the breakthrough was not until 2020, as for one exception, all major investments were made this year. What many public companies have in common is also the time when they decided to invest in this digital asset. The most of investments, including the largest ones, were made in the months of September – October, a total of up to 7 companies decided for BTC in these months.
In terms of investment, they range from 126 BTC to 449,596 BTC, this last gigantic investment has only recently been made by GRAYSCALE (A Leader in Digital Currency Investing).
This information are the clearest indicator that confirms the significant increase in purchasing activity in the Bitcoin market by public companies. While it is uncertain whether the consequences of Covid-19 are behind it, one thing is clear,these companies have recognized this digital currency as a legitimate investment asset.
Source: https://ccnews24.net/in-2020-public-companies-purchased-almost-600000-btc-6-billion/