$10 Trillion in Corporate Holdings Could Diversify to Bitcoin

silicon valley

Companies are sitting on a pile of cash with their treasury reserves increasing during last year according to the latest data. US publicly traded companies are holding $2.506 trillion according to S&P Global which says “the total cash positions of the top 1% of companies increased by more than $80 billion, to $1.06 trillion” with BBB-rated issuers rising to $542 billion. This is just the biggest American companies with it unclear what all of them, including privately held businesses, hold in cash reserves. Yet their holdings have been rising since 2008, and are considerably more than their European counterparts.According to Allianz, EU non-financial corporates, i.e. cash from operating activities, have doubled to over €700 billion during the first half of 2020. A Mood’s 2019 estimate adds the Middle East and Africa to state they hold €1.1 trillion together with European publicly traded companies. That’s about as much as just the…

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