For many years, the concept that publicly traded firms would purchase Bitcoin as a reserve was laughed upon. The most popular cryptocurrency was thought to be too volatile and too fringe to be used by any respectable company.
Major publicly listed companies have been splurging on Bitcoin in the past couple years – no doubt as a result of the economic effects of COVID-19. Others, such as Tesla and Voyager, followed suit after cloud computing company MicroStrategy purchased $425 million worth of Bitcoin in August 2020.
How many Bitcoin holders are there?
As of 2021, about 106 million people around the world use cryptocurrencies. About 46 million Americans (roughly 22% of the adult population) own a share of Bitcoin.
Here are the top public companies that are Bitcoin holders.
MicroStrategy is famous for owning more bitcoin than any other publicly-traded company. As of June 14, the Virginia-based business intelligence company holds 129,218 bitcoins, more than two-and-a-half times as much as Tesla, the next largest bitcoin owner.
With about 43,200 bitcoins, Tesla owns more of the world’s largest cryptocurrency than eight of the top ten corporate holders, according to Bitcoin Treasuries, but pales in comparison to MicroStrategy, the data analytics firm led by staunch bitcoin bull Michael Saylor, which owns 125,051 coins worth about $5.4 billion.
As of September 30, 2021, the Partnership had a material net holding in Bitcoin of approximately $555.2 million and Ethereum of approximately $261.4 million, excluding non-controlling interests. The increase in the value of holdings was primarily driven by the increase in prices from the prior year end.
In the first quarter, Cash App, Block’s peer-to-peer payments service that allows users to directly buy and sell bitcoin, generated $1.73 billion in bitcoin transactions and $43 million of gross profit. Block also holds a significant amount of bitcoin on its balance sheet.
As of June 30, 2022, Marathon held approximately 10,055 BTC, the fair market of which was approximately $198.9 million. The Company has not sold any bitcoin since October 2020. However, as production ramps in the near future, Marathon may sell a portion of its monthly bitcoin production as needed to fund monthly operating costs.
Canadian crypto miner Hut 8 (HUT) continued to hold on to all of its mined bitcoins (BTC) even as peers are starting to sell their mined digital assets to pay for some of the operating expenses during the market rout. Hut 8 mined 309 bitcoins or 10 per day during May, unchanged from the previous month.
Brian Armstrong is the chief executive of Coinbase Global, the largest cryptocurrency exchange in the United States. A former Airbnb software engineer, Armstrong cofounded Coinbase in San Francisco in 2012 with former currency trader Fred Ehrsam.
Nexon Co. said it bought $100 million worth of Bitcoin, joining a list of tech companies embracing the digital currency. The online game provider acquired 1,717 Bitcoins at an average price of about $58,226 each, including fees and expenses.
Voyager doesn’t keep user assets in designated wallets for each customer. It instead mixes deposited crypto into asset-specific pots, like ones for Bitcoin and Ether, according to court papers. The company has about $1.3 billion of crypto assets on its platform, it said in the statement.
Among the heavy off-loaders is Bitcoin mining firm Riot Blockchain, which sold 250 BTC in April 2022 for $10 million. The company had been amassing Bitcoin with the hope that appreciating prices would make the stockpile worth a huge amount.
Who is the Biggest Bitcoin Holder?
No other executive at a publicly traded company has committed to bitcoin as much as MicroStrategy CEO Michael Saylor. New technology is upending everything in finance, from saving to trading to making payments. MicroStrategy is famous for owning more bitcoin than any other publicly-traded company.
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Aker ASA, a Norwegian industrial investment company founded in 1841 which traditionally invests in fossil fuels, launched a cryptocurrency-focused subsidiary named Seetee in March 2021. It has spent nearly $60 million on bitcoin.
Meitu owns about 940 Bitcoin and 31,000 Ether, purchased for $49.5 million and $50.5 million respectively, the company says, which it bought between March and April 2021.
As of June 30, Argo holds 1,935 Bitcoins, 210 of which are Bitcoin equivalents. It has an outstanding balance of $22 million on the Bitcoin-backed Galaxy Digital loan.
Coin Citadel is a Technology Company in the digital currency space. Coin Citadel has a commercial BTC mining operation and runs numerous nodes to maintain other developing blockchains. Coin Citadel is a development stage company.
Canada-based investment firm Cypherpunk Holdings (HODL) has dumped all of its bitcoin and ether holdings to ride out the current market risks.
The company sold 205.8209 ether (ETH), the native token of Ethereum, for C$293,000 ($227,000) and 214.7203 bitcoin (BTC) for about C$6.09million ($4.7 million). It accrued a total of C$6.38million ($5 million) in proceeds from the sales.
Advanced Bitcoin Technologies AG offers B2C and B2B2C solutions enabling users to easily and safely receive, store, convert, and spend money – in a hybrid-currency world.
Die Advanced Bitcoin Technologies AG verfolgt als Holding-Gesellschaft die Mission Investoren an den spannendsten globalen Trends im Bereich Kryptowährungen partizipieren zu lassen.
BIGG has long believed that Bitcoin’s store of value, and appreciation, is an intelligent way to manage our treasury alongside fiat holdings. As previously stated, we intend to continue to accumulate Bitcoin over time, as we believe a target price of $100k+ USD per coin is achievable given the increasingly widespread interest in Bitcoin and current lack of supply available.
DigitalX has been involved in the Bitcoin ecosystem since 2014 when it first commenced its bitcoin mining operations, prior to expanding those services into bitcoin trading and a deeper understanding and development of blockchain technology generally.
DigitalX has also been a holder of bitcoin since 2013, and as previously disclosed to ASX, currently holds 431 bitcoin.
HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards.
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) is a Bitcoin company that develops and operates world-class bitcoin mining infrastructure.
Cathedra believes sound money and abundant energy are the fundamental ingredients to human progress and is committed to advancing both by working closely with the energy sector to secure the Bitcoin network. Today, Cathedra owns 231 PH/s across various sites around the United States and expects to deploy an additional 494 PH/s in 2022.
Does Elon Musk invest in Bitcoin?
Tesla CEO Elon Musk has also personally invested in Bitcoin and he has previously used the “diamond hands” meme, which generally indicates that he plans on holding the investment. Musk also said that he believes Tesla will resume taking Bitcoin payment as he sees improvements in the energy mix of Bitcoin mining.
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Who is the Bitcoin King?
Who Is Gerald ‘Gerry’ Cotten? Gerald Cotten was the founder of Quadriga CX, once Canada’s largest cryptocurrency exchange. In December 2018, Cotten died during his honeymoon with his wife, Jennifer Robertson, in Jaipur, India. He was 30-years-old.
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