On Wednesday, Hunter Horsley, CEO of crypto asset manager Bitwise, tweeted via X that “11 public companies bought more bitcoin since Monday, according to data from HOLD15 Capital.” This news follows a trend of increasing institutional adoption of bitcoin. In recent months, several major companies, including MicroStrategy, Square, and Tesla, have announced large purchases of bitcoin. The growing interest from public companies is a sign of bitcoin’s increasing legitimacy as an asset class. It is also a sign that the market is maturing and that bitcoin is becoming more widely accepted. As the market continues to mature, it is likely that we will see even more public companies investing in bitcoin. This is a positive development for the entire cryptocurrency ecosystem. It will help to increase the liquidity of the market and make it more attractive to institutional investors.

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