Monster week for crypto treasury firms with $8B buying blitz

Cointelegraph analyzed 16 company statements made this week and found a whopping $7.8 billion has been earmarked or used to buy crypto.

Crypto treasury firms have begun moves to buy over $7.8 billion worth of cryptocurrencies this week, in possibly one of the biggest corporate crypto grabs in recent history — particularly for altcoins. 

Cointelegraph analyzed 16 company statements since Monday, which either announced a plan to buy or raise money for crypto. Ether (ETH) was the hottest target.

At least five public companies have bought or have promised to purchase over $3 billion worth of ETH, which is around 45 times more than the amount of ETH issued in the past week.

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