Nearly 600,000 Bitcoins ($ 6.7 billion) are currently in the hands of public companies

More than 598,237 Bitcoins (about $ 6.7 billion) are currently in the hands of public companies, including smart business giant MicroStrategy, asset management unit Galaxy Digital and payment processing company Square. by Twitter CEO Jack Dorsey, according to data from Bitcoin Treasuries. This includes several holding Bitcoin companies on behalf of their clients, such as digital asset management company Grayscale Investments.

That figure has increased in recent weeks, thanks to new investments from Microstrategy and Square. This trend signals the growing interest of public companies as well as individual investors towards Bitcoin as a store of value and a hedge during economic turbulence.

Currently, with 38,250 BTC (£ 425 million), Microstrategy is holding more Bitcoin than any other institutional investor, except Grayscale.

Microstrategy's holding space means its shareholders - including BlackRock, Vanguard and the Norwegian National Foundation, are currently indirectly exposed to millions of Bitcoins.

Not only that, this investment also means that every citizen in Norway now indirectly owns some Bitcoin, as the country's government holds 2% of the company.

Bitcoin Treasuries provides a list of public companies holding Bitcoin. It shows that there are a total of 13 entities holding 2.85% of the total Bitcoin supply.

Square is the latest addition to this list. Jack Dorsey - CEO of Square and a popular Bitcoin advocate, announced last week that his company has acquired $ 50 million in Bitcoin.

“More important than Square's $ 50 million investment in #Bitcoin is sharing how we did it (so others can do the same),” wrote Dorsey on Twitter.

In recent months, digital asset management firm Grayscale's Bitcoin investment has garnered much attention. However, despite being a public company, their customers are real buyers of BTC.

But the $ 5 billion figure the company holds in Bitcoin is still taken into account on the Bitcoin Treasuries website - albeit under a dividing line, along with other asset managers like Coinshares.

Looking at the bigger picture, it's all seen that one of the public companies holding Bitcoin saw their investment pay off, at least at its current price - $ 11,500.