This is a very good news.
So, a new UK-listed company called B HODL just bought its first 100 Bitcoin, spending around $11.3 million. For context, that instantly put them in the top 100 public Bitcoin-holding companies. Not bad for a first move.
To put it in perspective, they’re still tiny compared to the big boys.
We do not need comparison but we need almost all institutions to follow also. If many institutions all over the world in countries that bitcoin is legal bought 100 bitcoin each, the price of bitcoin will get to over $1 million and bitcoin marketcap may even surpass gold.