In recent years, Bitcoin has gained the attention of not only private investors, but also large corporations, who have begun to see it not only as an alternative means of saving, but also a strategic asset.
Below is a list of the 10 largest bitcoin holding companies that are actively investing in the world’s first cryptocurrency, demonstrating confidence in its long-term potential!
1. MicroStrategy
American business intelligence company MicroStrategy is the largest corporate holder of Bitcoin. Since 2020, the company has purchased more than 252,000 BTC. CEO Michael Saylor has become one of the most famous supporters of Bitcoin, calling it the best asset and positioning it as the best means for long-term savings.
2. Marathon Digital Holdings
The American mining company Marathon Digital Holdings not only mines bitcoins, but also actively buys them. At the end of 2023, Marathon owned more than 25,000 BTC. The company sees bitcoin as a strategic asset for the long-term development of its business.
3.Galaxy Digital Holdings
The investment company Galaxy Digital, founded by former banker Mike Novogratz, is actively working in the field of digital assets and is also a major holder of bitcoin, the company has more than 15,000 BTC. Galaxy Digital provides a wide range of cryptocurrency services, from asset management to institutional investor advisory services.
4. Tesla
The famous electric car manufacturer Tesla, under the leadership of Elon Musk, caused a real sensation in early 2021 when it invested $1.5 billion in Bitcoin. Despite the partial sale of these assets, the company still holds a significant amount of BTC (about 12,000 BTC), which underscores Tesla’s serious view of cryptocurrencies as a hedging and asset diversification tool.
5. Coinbase
The largest US crypto exchange, Coinbase, not only provides a platform for cryptocurrency trading, but also holds significant bitcoin reserves. Experts estimate that the company owns more than 9,000 BTC, which helps Coinbase maintain liquidity and support operations on its platform.
6. Hut 8 Mining
Hut 8 Mining is one of the largest mining companies in Canada (more than 8,500 BTC). Hut 8 Mining has a strategy of holding the mined bitcoins, expecting their growth in the long term, which makes it one of the largest public mining companies for bitcoins stocks.
7. Riot Platforms
Another significant player in the mining industry is Riot Platforms (formerly Riot Blockchain). The company mines and accumulates Bitcoins, its reserves exceed 7,000 BTC. Riot is actively expanding its Bitcoin mining capacity, making it one of the leaders in the mining sector in the United States.
8. Block (former Square)
Block, formerly known as Square, is one of the largest corporate investors in Bitcoin in the fintech sector. Block sees a future in cryptocurrency and blockchain, so it has already invested about $220 million in Bitcoin and holds more than 8,000 BTC. Jack Dorsey, CEO of Block, is actively promoting Bitcoin as a currency for international transactions, calling it an “Internet currency.”
9. Bitfarms
Mining company Bitfarms, based in Canada, also owns a significant amount of Bitcoin. As of the end of 2023, the company holds over 5,000 BTC as it continues to expand its operational capacity and maintain a strategy of holding the majority of its mined coins.
10. Nexon
Japanese video game development company Nexon has also decided to diversify its assets and acquired 1,717 BTCs in 2021 for about $100 million. The company’s management considers bitcoin as a means of preserving capital against the background of the depreciation of fiat currencies.
These 10 companies represent industries ranging from finance and technology to Bitcoin mining and video game development, highlighting Bitcoin’s growing impact on the global economy. The belief of these companies in the long-term value of Bitcoin demonstrates that cryptocurrency continues to gain confidence not only among retail investors, but also in the corporate world. This not only strengthens Bitcoin’s position in the global market, but also testifies to its growing role in diversifying the portfolios of large companies!