Oct 8, 2023

1. The top 10 public companies

According to Coingecko, these are the public companies that hold the most Bitcoin, ordered from highest to lowest:

1. Microstrategy

Specializing in business intelligence and data analysis, this company founded by Michael J. Saylor in 1989 holds 158,245 BTC. Its initial investment was $4.680 billion, representing 0.754% of the total Bitcoin supply. Interestingly, its market capitalization (4.350 million) is lower than its investment, with an average purchase price of $29,556 per Bitcoin.

2. Marathon Digital Holdings, Inc.

This cryptocurrency mining company based in Las Vegas has accumulated 13,286 BTC (,063% of the total supply), with an initial investment of nearly 1.9 billion. Its current portfolio is valued at 3.65 billion, having purchased at an average price of $14,247 per Bitcoin. What a visionary they were!

3. Galaxy Digital Holdings

Founded by former hedge fund manager Michael Novogratz, this financial services company holds 12,545 BTC (0.06% of the supply ). Although there is no data on its initial investment, its portfolio is currently valued at $3.45 billion.

4. Tesla Inc.

Elon Musk's company holds 10,500 BTC, acquired for 336 million dollars ( 0.05% of the supply ). Today, that investment is worth approximately 2.9 billion, with an average purchase price of $32,000. Coincidence or genius of Musk?

5. Coinbase Global, Inc.

This cryptocurrency exchange giant holds 9,182 BTC, with an initial investment of 2.1 billion (0.044% of the supply ). Its current portfolio is worth 2.5 billion, with an average purchase price of $22,609.

6. Hut 8 Mining Corp

This Canadian mining company focused on blockchain and Web 3.0 technologies holds 8,289 BTC (0,039% of the supply). Its portfolio is currently valued at 2.3 billion, although there is no data on its initial investment.

7. Block Inc.

Jack Dorsey's company, specializing in mobile payments, has acquired 8,027 BTC for 220 million (0.038% of the supply). Currently, its value is 2.2 billion, with an average purchase price of $27,416.

8. Riot Platforms, Inc.

This American miner has accumulated 7,265 BTC (0.035% of the supply ). Its portfolio is estimated at 2 billion, although its initial investment is unknown.

9. Hive Blockchain

Specialized in Bitcoin and Ethereum mining, this Canadian company owns 2,332 BTC (, 0.011% of the supply ), currently valued at 640 million.

10. Nexon Co Ltd

This South Korean video game developer acquired 1,717 BTC for approximately one billion dollars (0.008% of the supply). Their current investment is worth 480 million, with an average purchase price of $58,277. It seems like an excessive price to me, don’t you think?

2. Final reflection

The holdings of these companies fluctuate according to their investment strategies. This Coingecko analysis shows the growing integration of cryptocurrencies into the traditional economy and could serve as an example for other corporations considering Bitcoin as a store of value.

I wonder if these companies truly believe in the potential of Bitcoin or if they are simply looking to diversify their assets in the face of inflation. In any case, their bet is risky but potentially revolutionary.

Notice: Contains third-party opinions. Does not constitute financial advice. May include sponsored content.