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.

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