Corporates Say Bitcoin Again! So Which Companies Bought the Most BTC? Here's the Surprising Data…

As Bitcoin continues to solidify its position as a store of value around the world, its institutional adoption is increasing ￰0￱ financial services firm River announced that its corporate clients are reinvesting an average of 22% of their profits into Bitcoin, a sign that Bitcoin adoption is ￰1￱ report, published by River research analyst Sam Baker, noted that River’s institutional clients reinvested an average of 22% of their profits into Bitcoin, with the participation of real estate firms being particularly ￰2￱ report estimates that these firms purchased 84,000 BTC this ￰3￱ River’s clients, real estate firms were the largest adopters, allocating an average of 15% of their profits to BTC purchases, while companies in the hotel, finance, and software sectors allocated between 8% and 10%.

“In real estate companies, about 15 percent of clients reinvest some of their profits into Bitcoin. Finance, software and hotel sectors also allocate a share of 8-10%. Interestingly, Bitcoin reinvestment cases are also emerging in various sectors, such as gyms, painting and roofing contractors, and religious nonprofits, in addition to the traditional finance and IT ￰4￱ recently noted in its report that over 40% of businesses invest between 1% and 10% in Bitcoin, while only 10% allocate more than half of their net income to BTC. *This is not investment ￰5￱ Reading: Corporates Say Bitcoin Again! So Which Companies Bought the Most BTC?

Here's the Surprising Data…