More than BTC: the battle for the crypto treasury has begun, combing through the reserves of 28 listed companies

Source: Galaxy Research

Compilation: BitpushNews

Crypto Treasury Trends

The trend of listed companies setting up crypto treasury is expanding from Bitcoin to more crypto tokens, and the size of the allocation continues to expand.

In the past week alone, two publicly traded companies have announced that they will buy XRP as their treasury holdings, and one company has said it is buying ETH as a reserve.

Bitcoin Treasury companies have been in the headlines for most of the year, with Strategy (formerly Microstrategy) leading the way. VivoPower and Nasdaq-listed Webus announced their intention to launch $100 million and $300 million in XRP treasury, respectively, while SharpLink announced the creation of a $425 million ETH treasury.

Including these companies, Galaxy Research has sorted out 28 crypto treasury companies:

20 focused on BTC, 4 focused on SOL, 2 focused on ETH, and 2 focused on XRP.

14.71K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.