Bitwise: 48 new Bitcoin treasury appeared in just 3 months

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The number of public companies holding Bitcoin increased by 38% in Q3, reaching 172 businesses, according to a report by Bitwise. The total value of holdings reached 117 billion USD, an increase of over 28% compared to the previous quarter, with more than 1 million BTC — equivalent to 4.87% of the supply. Bitwise CEO Hunter Horsley stated that this demonstrates "both individuals and enterprises want to own Bitcoin."

MicroStrategy of Michael Saylor still leads with 640,250 BTC, followed by MARA Holdings with 53,250 BTC. Analyst Rachael Lucas noted that large institutions are "buying more, not retreating," indicating that the acceptance of cryptocurrency at the institutional level is becoming increasingly widespread.

Although the price of Bitcoin fluctuates due to market factors, experts believe that the increasing institutional demand will continue to absorb supply and push prices up, marking a new maturation phase for the cryptocurrency market.

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