Monster week for crypto treasury firms with $8B buying blitz

Cointelegraph analyzed 16 company statements made this week and found a whopping $7.8 billion has been earmarked or used to buy crypto.

Crypto treasury firms have begun moves to buy over $7.8 billion worth of cryptocurrencies this week, in possibly one of the biggest corporate crypto grabs in recent history — particularly for altcoins. 

Cointelegraph analyzed 16 company statements since Monday, which either announced a plan to buy or raise money for crypto. Ether (ETH) was the hottest target.

At least five public companies have bought or have promised to purchase over $3 billion worth of ETH, which is around 45 times more than the amount of ETH issued in the past week.

Read more

Source Link

Share with your friends!

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *