Listed Companies Adding Crypto to Their Balance Sheets

A record number of public companies are adding crypto to their balance sheets—ostensibly to diversify holdings, hedge against inflation, and attract new investors.

Startup, Grid Aero believes it has a solution to the U.S. Department of Defense’s perennial challenge of moving troops and supplies globally with the right balance of range, capacity, and affordability. (Photo: Grid Aero)

In reality, however, it also helps boost their stock prices.

A year ago, a small group of corporate buyers collectively held just over 416,000 bitcoins. Today, no fewer than 152 publicly traded companies control more than 950,000 coins worth over $110 billion, according to BitcoinTreasuries.net.

Meanwhile, startup Grid Aero believes it has a solution to the U.S. Department of Defense’s perennial challenge of moving troops and supplies globally with the right balance of range, capacity, and affordability.

The company aims to build a fleet of affordable, autonomous cargo planes and emerged from stealth on Monday with a prototype aircraft it developed in just six months.