Value Of Strategy’s Bitcoin Exceeds Global Banks And GDP Of Some Nations As BTC Tops $120K
The value of Strategy’s Bitcoin holdings has exceeded the market caps of multiple major global banks as well as the gross domestic product (GDP) of some nations after BTC returned to above $120K. Bitcoin’s price rose over 1% in the past 24 hours to trade at $120,050.92 as of 2:27 a.m. EST, data from CoinMarketCap shows. The leading crypto was able to soar to a 24-hour high of $121,086.41, but has since retraced to trade at its current level. Despite the recent pullback, BTC is now up more than 9% over the past week. Value Of Strategy’s Bitcoin Holdings Hits New Record Strategy, led by Bitcoin maxi Michael Saylor, is the largest corporate holder of BTC globally. The firm started its accumulation of the largest crypto by market cap back in August of 2020, and has since continued to add to its reserves. Data from Bitcoin Treasuries shows that the firm holds 640,031 BTC on its balance sheet. Top ten largest corporate BTC holders (Source: Bitcoin Treasurie...