Top Companies that have invested in Bitcoin
Bitcoin is a speculative asset, and companies have cleverly invested in Bitcoin. They include investment funds holding Bitcoin on behalf of investors, and companies that have bought Bitcoin as a reserve asset. What’s cleverer is that if you don’t want to invest in Bitcoin directly, you can use publicly traded instruments to get exposure to Bitcoin and digital assets. How? You can buy stock of companies with leverage to Bitcoin. Don’t take it as investment advice, but you can still know who the top publicly-traded contenders with the biggest crypto-portfolios are:
- Tesla: Bitcoin skyrocketed with news of electric vehicle manufacturer Tesla’s $1.5 billion investment and adoption of Bitcoin as a reserve asset and has pushed the price of Bitcoin to an all-time high.
- Microstrategy: Microstrategy is a “business intelligence” company, bought lots of bitcoin last August, decided to use it for reserves and continued buying, and as of today has $4.5 billion in value with 91,000 Bitcoin.
- Square, Inc.: CEO Jack Dorsey has long been a fan of Bitcoin, and the company has allowed customers to use it in transactions. Square has a substantial amount of Bitcoin – around $400 million in value.
- Galaxy Digital Holdings: This investment company focuses on digital currencies has partnered with crypto firms including Block.one and BlockFi. The company is founded by Michael Novogratz and he is an advocate for Bitcoin. Currently, the company holds Bitcoin worth more than $800 million.
- CoinShares: A public company managing substantial Bitcoin assets and is a pioneer in launching a regulated Bitcoin hedge fund. As of today, CoinShares has Bitcoin worth $3.5 billion.
- Grayscale Bitcoin Trust: Founded by Barry Silbert, it has the largest Bitcoin portfolio of any institutional investment platform, holds more than 3% of the Bitcoin total supply, and has $32.6 billion in value.
All figures from www.bitcointreasury.org.