These 5 companies own the most Bitcoin
Noticeably more institutional investors are recognising the value and opportunities that Bitcoin offers. As a result, more and more companies are also investing in Bitcoin. Today, we want to take a look at a selection of five companies that have already accumulated significant amounts of Bitcoin.
As a basis, we use the list on BitcoinTreasuries, which tracks the companies and the number of Bitcoins (BTC) they hold.
Grayscale Bitcoin Trust
First up is a real giant (or rather whale) in the crypto space. Grayscale Investments is a subsidiary of the Digital Currency Group, based in New York. The company manages crypto assets and Bitcoin Revolution reviews worth USD 25 billion. Grayscale Investments‘ largest trust is the Grayscale Bitcoin Trust, which holds over 572,000 bitcoin, or about 3.5 percent of all bitcoin mined to date.
The US company MicroStrategy specialises in solutions for business intelligence. The term „business intelligence“ refers to procedures with which companies can systematically analyse themselves in order to find weaknesses and improve.
MicroStrategy, at the instigation of its CEO Michael Saylor, has already invested company reserves of USD 650 million in Bitcoin. The company is listed with 70,470 Bitcoin in its possession. Considering the skyrocketing price, MicroStrategy’s share price has risen sharply since then.
Michael Saylor, by the way, also personally lives what he does with the company and holds over 17,000 Bitcoin himself.
Galaxy Digital Holdings
Galaxy Digital Holdings Ltd. is a subsidiary of the commercial bank Digital Galaxy LP. Both companies were founded by former hedge fund manager and billionaire Michael Novogratz, who focuses on cryptocurrencies. Currently, Galaxy Digital Holdings holds over 16,000 bitcoin.
CoinShares is a company that manages digital assets and provides financial products and services for professional investors. The company was an early investor in bitcoin and currently holds nearly 70,000 bitcoin.
UK-based investment company Ruffer holds 45,000 Bitcoin. The company is dedicated to the long-term profit of its investors.
A special case in the ranks of the largest holders of Bitcoin is the crypto exchange Mount Gox K. K. in Tokyo/Japan, which has been insolvent since 2014. Mount Gox is not a stock company, but still holds over 141,000 Bitcoin. This still makes the inactive crypto exchange one of the largest holders of Bitcoin in the world. These bitcoins will probably be sold as part of the liquidation. The creditors should therefore be very pleased with the current high price.