According to the latest news from CoinVoice, Galaxy Digital CEO Mike Novogratz stated in a report by Cointelegraph that the trend of companies allocating encryption assets as reserves has reached its peak. He believes that future rise will come from the continued investment of existing participants and long-term ecological integration, rather than new institutions getting on board.



Novogratz's statement comes as July data shows institutions have increased their holdings by 166,000 Bitcoins, with a total holding value of $42.8 billion.
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