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The market capitalization of the encryption vault company has surged to 160 billion USD.
BlockBeats news, on July 31, according to The Block, the total market capitalization of publicly listed companies holding Crypto Assets has surged to $160 billion, a significant rise compared to about $90 billion at the beginning of 2024, marking a new trend of investors gaining exposure to encryption through stocks. This growth over the past six months reflects an overall shift in corporate financial management strategies, with more companies viewing digital assets as legitimate balance sheet Holdings. As the market adapts to this emerging trend, many companies have seen significant double-digit rises in their stock prices after announcing allocations of Crypto Assets.