Global Funds Hold $43 Billion In Bitcoin

Global investment funds now hold more than $43 billion worth of bitcoin on behalf of their clients, according to a report from Financial News. Corporate bitcoin holdings, meanwhile, have reached a total of $6.5 billion.

Anatoly Crachilov, CEO of Nickel Digital — the firm that supplied the data behind the report — told Financial Times that the inclusion of bitcoin in the portfolios of leading global asset managers was “a very important endorsement for bitcoin’s emerging functionality of the hedge against inflation.”

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