New milestone reached as 100 cryptocurrencies reach a $1B market cap

New milestone reached as 100 cryptocurrencies reach a $1B market cap


In the last two months, the number of cryptocurrencies with a $1 billion market cap has doubled since the last time Cointelegraph reported on the milestone. As things currently stand, there are 100 projects that have reached a $1 billion market capitalization.

Unicorns are typically privately held startup companies valued at more than $1 billion, but traditional finance is increasingly applying the term to high-value cryptocurrencies that institutions are only now gaining exposure to.

The entrance of institutional investors into the cryptocurrency sector over the course of 2021 has been one of the driving forces of growth for the ecosystem as a whole as multi-billion dollar companies like Tesla, Square and MicroStrategy have converted a portion of their cash reserves into Bitcoin (BTC) and other top altcoins.

These are the top 8 #Bitcoin holding public companies.

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Which other #cryptocurrency might become a part of company holdings? $MSTR $TSLA $GLXY $SQ $MARA $HUT $VYGR $RIOT pic.twitter.com/wqRD9qdRmb

— Delta Investment Tracker (@get_delta) March 6,

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