With BTC hitting an all time high today as of April 13th, 2021 are you also wondering how the BTC investments in big corporations are doing? Some may say this is probably the most risky bet to make to use company money to buy bitcoin. However after looking at the chart below one may think otherwise.
Number 1 on the list is Grayscale which sells shares of a fund on the over the counter ticker GBTC. Grayscale has almost 10 times the BTC as second place CoinShares. What is worth noting though is Grayscale does not necessarily own their BTC outright as they are a investment of funds that uses investors' capital to purchase BTC.
Second on the list is Coinshares, fourth in Ruffer Investment, sixth in 3iQ, seventh in Galaxy Digital, and tenth in Voyager Digital are similar to Grayscale where they focus on creating investment vehicles to invest in crypto and specifically BTC. In all 6 out of 10 corporations are really financial entities.
The remain companies MircoStrategy, Tesla, Square and Hut 8 Mining core business were not originally financial entities. MircoStrategy and Square are software companies while Tesla is vehicle manufacturer. Although Hut 8 is related to bitcoin its core business is mining cryptocurrency.
Amount of BTC held by each corporation from Fortunes.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
LeoFinance = Financial Blog
LeoDex = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws.
HiveStats = Hive stats per user
LeoPedia = Informative content related to anything about Crypto and how to make financial gains in crypto!