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The Cryptofinance Company's cumulative market value has surged to $160 billion
BlockBeats News, July 31st, according to The Block, as of now, the cumulative market value of publicly traded companies holding cryptocurrency has surged to $160 billion, a significant increase from around $90 billion in early 2024, marking a new trend where investors are gaining crypto exposure through equities.
This six-month growth reflects an overall shift in corporate treasury management strategy, with more and more companies treating digital assets as a legitimate asset on their balance sheets. As the market adapts to this emerging trend, many companies have seen a significant double-digit increase in their stock prices after announcing their crypto asset allocations.
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