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Bitcoin soars past $100K and these 20 companies hold the most amount of the cryptocurrency

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Bitcoin (BTC-USD) finally tagged the highly sought after $100K threshold as the digital token topped out at $103.6K earlier on Thursday. The price of bitcoin has rallied for the most part of 2024 but ever since the presidential election on November 5 the cryptocurrency has surged over 50%.
The article from MSN discusses the significant rise of Bitcoin, which has surpassed the $100,000 mark, highlighting its increasing acceptance and value in the financial world. It lists the top 20 companies that hold the most Bitcoin, showcasing their strategic investments in cryptocurrency. Companies like MicroStrategy, Tesla, and Square (now known as Block, Inc.) are noted for their substantial Bitcoin holdings, reflecting a broader trend among corporations to diversify their assets into digital currencies. The article also touches on the implications of such investments, including potential benefits like inflation hedging and the risks associated with the volatile nature of cryptocurrencies. This surge in Bitcoin's value and corporate investment underscores a growing confidence in digital assets as a legitimate part of investment portfolios.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/bitcoin-soars-past-100k-and-these-20-companies-hold-the-most-amount-of-the-cryptocurrency/ar-AA1vkv7C ]