Susquehanna International Group, a prominent business and technology company, announced that its Bitcoin ETF holdings have surpassed the billion-dollar mark. This portfolio update highlights the growing acceptance of crypto assets by large entities.
Founded in 1987 by a visionary group including Arthur Dantchik and Jeff Yass, Susquehanna has become a global giant with revenues reaching $7.2 billion by the year 2024. The company employs more than 3,000 people spread across offices across America North, Australia, Europe and Asia, consolidating its global presence.
While it is unclear when the acquisitions were made, there has been a significant increase in funds flowing into cryptocurrency-related products in recent days, particularly Grayscale’s GBTC, indicating a robust investment trend in the digital sphere.
Susquehanna’s move aligns with the trend of other large corporations beginning to allocate significant portions of their portfolios to Bitcoin, albeit not in physical form. This step is seen as increasing validation of Bitcoin as an investable asset and sets a precedent for future corporate forays into the sector.
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The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/susquehanna-international-group-sig-consolida-investimento-em-etfs-de-bitcoin-com-portfolio-superior-a-us-1-bilhao/
