https://ift.tt/3zDVttA 7 Companies That Hold Huge Bitcoin Reserves on Their Balance Sheet

• Michael Saylor claimed he was purchasing Bitcoin at $1,000 per second.
• Galaxy Digital Holdings, a crypto-focused merchant bank, has 16,400 BTC.

Buying shares in public firms that hold Bitcoin may provide exposure to the asset without the burden of organizing self-custody. Let us take a look at the top 7 companies that hold bitcoin.

MicroStrategy

BTC is now the company’s major reserve asset. It has 124,391 BTC in reserve as of December 2021, worth approximately $5.8 billion. MicroStrategy CEO Michael Saylor claimed he was purchasing Bitcoin at $1,000 per second.

Tesla

According to an SEC filing, Tesla has invested “an aggregate $1.50 billion” in Bitcoin; the company’s 42,902 BTC are presently worth $2.04 billion.

Galaxy Digital Holdings

Galaxy Digital Holdings, a crypto-focused merchant bank, has 16,400 BTC, valued at approximately $779 million, according to bitcointreasuries.org.

Voyager Digital LTD

According to bitcointreasuries.org, Voyager Digital has 12,260 BTC, valued at roughly $582 million. Furthermore, in May 2021, the company announced quarterly sales of $60.4 million, up 16x from the previous quarter.

Block, Inc.

Along with Tesla, Block (previously Square) ignited institutional Bitcoin interest with a $50 million investment in October 2020. Since then, the payments business has invested in Bitcoin. Moreover, releasing another $170 million in its Q4 2020 financial report.

Marathon Digital Holdings Inc.

Marathon Digital, a firm that mines Bitcoin, has 7,649 BTC in its corporate treasury, worth roughly $363 million.

Coinbase Global, Inc.

Coinbase, perhaps the most well-known crypto business on this list, went public on the Nasdaq in April 2021. Furthermore, Coinbase announced in February 2021 that it had $230 million in Bitcoin on its bank sheet; by December 2021, that figure had dropped to $213 million (4,482 BTC).