Nibiru Chain Secures $12 Million to Fuel Developer-Focused L1 Blockchain

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5 billion worth of bitcoin is controlled by a total of 19 public firms with a collective market capital north of $1 trillion.Nickel Digital previously projected that more institutions would likely adopt bitcoin in the next year.

A growing number of corporations have recently made significant multi-billion allocations to bitcoin as part of their treasury reserve strategies.Many institutional investors got drawn into Bitcoin in the first quarter of this year following a successful run that saw the crypto asset post a series of highs.These investment entities manage the Bitcoin holdings for their clients who include retail investors.

The investment manager additionally detailed that 17 listed companies had made Bitcoin acquisitions this year but none had divulged the specifics of their allocation.The crypto market has been dull over the last few months compared to the frenzy witnessed in the first few months of 2021.

coupled with a confirmed inclusion of crypto assets in the portfolio construction by leading global asset managers [] is a very important endorsement for bitcoins emerging functionality of the hedge against inflation.

The current data coincides with the projections and suggest an uptrend in firms setting aside funds for digital assets.A great option for revitalizing old computers is MPC-HC.

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