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MicroStrategy And Tesla Possess 80% Of Bitcoin Held By Top 10 Public Companies

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MicroStrategy and Tesla own 169,044 of the 211,624 BTC held by the top 10 public companies. This holding represents 80% of the bitcoin of the leading 10 public companies.

Edith Reeds of share: “There’s been a significant shift in corporate thinking about cryptos and BTC in particular. Many are beginning to see them as viable investment opportunities. Besides, BTC’s scarcity and value make it a better hedge against inflation compared to gold.”

MicroStrategy, a leading business analytics firm, confirms Edith’s observations. According to the data, the company owns the most BTC for a public company. Holding above 120k BTC is worth over $5 billion.

This is not surprising since its CEO, Michael Saylor, is a leading supporter of BTC. Sailor revealed that he owns about 18,000 BTC worth over $800 million. He considers BTC digital gold the best store of value.

Tesla came second on the list. An electric car manufacturer has 48,000 BTC worth over $2 billion. The firm says diversification is the reason for its investment in Bitcoin.

Galaxy Digital Holdings, with an investment of 16,000 BTC worth about $700 million takes third place.

Square Inc. The company, renamed Block in fourth, holds 8,027 BTC worth almost $340 million.

Further from fifth to seventh place were Marathon Patent Group, Hut 8 Mining Corp, and Coinbase. Marathon Patent has 4,813 BTC worth about $200 million in reserves. Hut 8 owns 4,727 BTC ($197.5 million), and Coinbase owns 4,483 coins ($187 million).

NEXON, Voyager Digital, and Riot Blockchain make up the top 10 institutional Bitcoin holders. The trio owns 1717, 1249, and 1175 BTC, respectively. While NEXON’s stake is over $71M, Voyager Digital is around $52M, and Riot Blockchain is $49M.

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.


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