Crypto Holdings by Public Companies

What happened: National Bank of Canada, Canada's sixth-largest commercial bank, disclosed XRP holdings via ETFs in its portfolio, along with Bitcoin, Ethereum, and Solana. Tesla maintained its 11,509 BTC position despite a $112 million loss due to Bitcoin's 14% decline. Trump Media & Technology Group (DJT) holds 9,542 BTC, worth $629.5 million as of July 22.

Market impact: These revelations signal growing institutional interest in cryptocurrencies, potentially driving demand and prices. Tesla's steady hold suggests a long-term strategy, while DJT's significant BTC holding could influence the media sector's perception of crypto.

What to watch next: Upcoming SEC filings from other major institutions for further insights into crypto exposure; Tesla's Q2 earnings call on July 26 for potential crypto-related updates; Bitcoin's price action around key technical levels, such as $20,000 and $25,000.