It is not just Microstrategy with $ 48 billion in BitcoinEven the smallest, companies listed on the Nasdak Stock Exchange describing when it comes to storing the leading cryptocurrency.

Another technical company announced on Tuesday that it will adopt a strategy to use the reserve cash to buy the cryptocurrency and accept it for payments. Nuvve (NASDAQ: NVVE), who works in the field of Green Energy with the electric vehicle charging company, said on Tuesday that it will use 30 % of its cash property to buy and preserve the original in the reserve.

Nuve added that the Bitcoin would build that would diversify the cabinets of the company.

A number of companies listed in Nasdak began copying the software company Microstrategy The idea of ​​buying bitcoin for better returns for shareholders. The company started obtaining Bitcoin in 2020 and is now the largest company holder of assets with more than $ 48 billion from BTC in the treasury. The price of its share increased as a result.

Nuve sells electric car charging equipment as well as a technology from the car to the network, which allows EVS to store and resell unused energy to the local network. The company did not respond immediately on DecipherRequest to comment.

The company's share price increased by approximately 3 % per day to $ 2.84, until this writing, although the company's share price has recently struggled: it decreased by 13 % during the past month and 51 % in six months.

Last week, Fathom Holdings (Nasdaq: FTHM) said it would devote up to half of its excessive cash reserves to Bitcoin. Last year, hEALTH Care Companies Semler Scientific and Cosmos HealthAs well as the car company Worksportand They announced their purchase strategies.

The founder and head of Microstrategy argues that companies can last longer if they buy bitcoin instead of carrying money, because the returns are very large. Some investors argue that the cryptocurrency can work as an effective flow of inflation.

The largest companies were slower in adopting the Bitcoin standard, although the Tesla Electric Company is an exception: the giant listed on the Nasdak Stock Exchange is The sixth largest company holder Of the cryptocurrency, with more than a billion dollars in its cellar.

Edit Andrew Hayouard