The stance of the US president and the hearing of the US states in making Bitcoin reserver and the approval of some of it states had influenced the Bitcoin accumulation of private companies and institutions greatly. Although Microstrategy had pioneered the movement, it is the news about US getting into Bitcoin by having a Bitcoin reserve had boost the Bitcoin institutional FOMO and influenced politicians, businessmen, entrepreneur and other wealthy people to look into Bitcoin and invest in it.
A lot of those companies are beginning to diversify into digital assets and Bitcoin is at the center of the diversification, who don't want to benefit from the several advantages of Bitcoin in the long term.
In some years to come, this company is going to be ranked among the early companies to buy Bitcoin from their reserves.
That is if Bitcoin value continues to go up, these companies may experience a roller coaster ride since the Bitcoin market is still a highly volatile market. Let us see who has the capacity to withstand the bear market and continue to accumulate despite their holdings' value dwindling down during the absent of the bullish sentiment.