Public companies now hold approximately 1.04 million bitcoins (about $117 billion), reaching a record high.

Jinse Finance reported that corporate Bitcoin holdings have reached a record high: the amount of Bitcoin held on public companies’ balance sheets has reached approximately 1.04 million BTC (about $117 billion), setting a new historical record. The number of public companies holding Bitcoin increased by nearly 40% from the previous quarter, reaching 172. MicroStrategy leads with about 640,031 BTC, and the entry and rising ranks of many new companies indicate a continued increase in corporate interest in long-term investment in cryptocurrencies.