Public companies increase ETH, XRP, SOL holdings as part of growing treasury strategies: Animoca Brands

Public companies are increasingly adding altcoins like ETH, SOL, and XRP to their crypto treasuries, aiming to broaden their investment strategies beyond Bitcoin.

The announcement of altcoin holdings has been met with strong market reactions, resulting in significant stock price spikes for companies, averaging a 150% increase in one day.

While altcoins present higher volatility and liquidity risks compared to Bitcoin, they also offer the potential for improved liquidity through mechanisms such as staking.

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