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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Australian stock exchange listed company Locate Technologies will allocate Bitcoin in its balance sheet.
PANews, June 4 - According to Forbes, delivery startup Locate Technologies has announced the completion of AU$1.45 million in financing, becoming the first ASX-listed company to allocate Bitcoin on its balance sheet. The company stated that it will allocate cash exceeding its operational funding needs to Bitcoin, aiming to establish a long-term strategic Holdings. CEO Steve Orenstein mentioned that this move could strengthen the balance sheet and support future mergers and acquisitions, while acknowledging that some shareholders may have a cautious attitude.