Crypto Currency News

How much large companies have invested in bitcoin

MicroStrategy stands out as the firm with the most reserves in BTC, followed by Tesla.

The institutional investments in Bitcoin (BTC) have been one of the most striking trends in corporate purposes 2020 and early 2021, in parallel with falling fiat currencies after the economic crisis coronavirus pandemic. In addition, of course, it was the main factor for the cryptocurrency to skyrocket over the last few months.

Currently, companies have approximately 1,660,473 BTC on their balance sheets, whichs equivalent to 8% of the total supply of the cryptocurrency; at current prices, it represents just over $ 78 billion.

Private listed companies, financial companies and even governments have added BTC to their balance sheets to reserve the value of their capital while the dollar, euro or any other currency loses value as the world recovers from the crisis. MicroStrategy, the software firm led by Michael Saylor, stands out on the list as the most trusted cryptocurrency.

See also  This is how the crypto market behaved in August

MicroStrategy was not only the first company to invest in BTC for the long term, but also the one to do so the most. After its recent purchase of 3,907 BTC earlier this week, it already accumulates 108,991 BTC – about 5.2 billion dollars -, which is equivalent to 0.5% of the total supply of the cryptocurrency and 75% of the total capitalization of the company.

Second, far below, comes Tesla. The electric car company led by tycoon Elon Musk invested $ 1.5 billion in the market at the beginning of the year and has 43,200 BTC. Third on the list stands out Square , the financial company founded by Twitter CEO and crypto benchmark Jack Dorsey, which has 8,000 BTC in its coffers .

See also  Bitcoin price: BTC faces the weekend with a recovery and encouraging expectations

They round out the Top 5 of the top institutional investors in BTC Marathon Digital Holdings and Coinbase with 5,425 and 4,487 BTC, respectively.

Tags
Back to top button
Close
Close