London-listed companies are jumping into Bitcoin (BTC) as a way to revive their fortunes and attract new investors. In the past week alone, at least nine firms have shared plans to buy Bitcoin or have already done so.

These companies come from different sectors, including web design and gold mining. They hope to follow the example of Michael Saylor’s US company, MicroStrategy, which saw its valuation skyrocket after adopting a Bitcoin treasury strategy.

Regulatory Softening Fuels Bitcoin Rush

The excitement reflects a shift in London’s market. Investors there have had limited exposure to crypto because of strict regulations and fewer digital asset stocks. In contrast, US regulators last year allowed stock market funds that invest directly in Bitcoin.

As a result, asset managers like BlackRock and Fidelity have already received nearly $50 billion in their Bitcoin funds. Charles Hall, head of research at Peel Hunt, said this new move gives

Keep reading this article on E-cryptonews.com.

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