Public companies’ crypto holdings double to $160B: Can the growth hold in Q3?

Key Points

1. Public companies' crypto holdings surged from $74 billion in April to $160 billion by July, with Bitcoin accounting for $147 billion of this total.

2. MicroStrategy's BTC holdings alone have an unrealized profit of $28 billion, setting a trend for other companies to invest in cryptocurrencies.

3. Ethereum has seen increased interest, with public companies and Web3 firms holding around 2.8 million ETH worth $10 billion, though public company holdings dipped slightly to $6.3 billion.

4. Solana has modest holdings of $1 billion among public companies, significantly less than Ethereum and Bitcoin.

5. Market volatility and macroeconomic uncertainty in Q3 could affect the continued growth of these crypto holdings.