Big companies that people can buy shares in are telling everyone about the Bitcoin they own. A company called MicroStrategy is at the top of the list, and it’s a good example of how regular money and digital money are coming together.
A group that looks at crypto closely studied the top 10 big companies that people can buy shares in. They have a lot of Bitcoin. The report gives all the details about how much Bitcoin they have and how well it’s doing.
The list has companies like MicroStrategy, Block, and Tesla. These big players are still putting money into crypto even though the market isn’t doing so well.
Example of Top 10 companies holding Bitcoin:
1. MicroStrategy
MicroStrategy, Inc., led by CEO Michael Saylor, is like a role model for Bitcoin among big companies that people can buy shares in.
The company has a lot of Bitcoin, around 152,333 BTC, which is more than any other public company. They got all this Bitcoin for about $3.6 billion, which is a lot of money.
In July 2023, when each Bitcoin was worth about $30,090, the Bitcoin that MicroStrategy has was worth more than $4.5 billion. This means the company made a profit of 11.07% on what they spent. This shows how smart investments in crypto can work out.
2. Block
Block Inc., which used to be called Square Inc., is a big part of the Bitcoin world. Jack Dorsey, who also helped make Twitter, leads it. Block really believes in Bitcoin.
This company that does digital payments has 8,027 BTC. They spent about $220 million to get all this Bitcoin.
In July 2023, when each Bitcoin was worth about $30,090, the Bitcoin that Block has was worth around $241 million. This means the company made a profit of 9.79% on what they spent.
3. Galaxy Digital
Galaxy Digital Holdings is a company that works with money and technology, especially digital money and blockchain. It was started by Mike Novogratz, who used to manage a type of money called a hedge fund. The company has 12,545 BTC.
But we don’t know exactly how much money they made from Bitcoin because they didn’t say when they bought it or how much they spent.
4. Tesla
Tesla, a company that makes cars and deals with energy, was started by Elon Musk. They also put money into Bitcoin.
At first, Tesla surprised everyone by spending a lot, $1.5 billion, on Bitcoin. Now they have 10,500 BTC.
But then, because of worries about the environment and wanting to balance their money, they sold some. In July 2023, Tesla’s Bitcoin was worth about $312 million. This means they lost around 5.97% compared to what they spent.
5. Hut 8 Mining
Hut 8 Mining Corp is a well-known company in the Bitcoin mining world. It’s also one of the big companies that people can buy shares in.
This company from Canada has 9,315 BTC. Because they make Bitcoin by mining it instead of buying it, we don’t know exactly how much they earned. But each Bitcoin they have is worth more than they spent.
6. Marathon Digital
Marathon Digital Holdings is a company that mines digital money. They have 12,964 BTC.
They got this Bitcoin by spending about $189 million. Now, it’s worth around $390 million. This means they made a really big profit of 106.3% on what they spent.
7. Nexon
Nexon Co. is a company from Japan that makes video games. They tried putting money into Bitcoin as a different way to invest.
Now they have 1,717 BTC. They spent about $100 million to get this Bitcoin. But in July 2023, it was only worth around $52 million. This means they lost a lot, about -48.32%.
8. Riot Platforms
Riot Platforms, Inc. is another company that mines Bitcoin. They have a good number, 7,275 BTC.
We don’t know exactly how much money they made, but because of what they do, they probably made a good profit from each Bitcoin.
9. Coinbase
Coinbase Global, Inc. is a famous place to trade cryptocurrencies. They have 4,487 BTC to keep their money diverse.
Even though we don’t know how much they spent to get this Bitcoin, they probably made a good profit because Bitcoin’s price went up.
The person who started Coinbase, Brian Armstrong, has been working hard to figure out how to follow the rules for cryptocurrencies. He’s dealing with the US SEC, which is getting more and more complicated.
10. Hive
Hive Blockchain Technologies is a company that makes money by mining cryptocurrencies. They sold some of their Bitcoin, but they still have a good amount, 2,332 BTC.
Since 2021, they lost about -24.56% of their Bitcoin. But because of how they make money, they probably earned a good profit from each Bitcoin they have.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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