While Tesla is the most well-known brand among the world’s major corporate buyers, some firms have gathered significantly more bitcoin, causing their share prices to surge in value last year. At the same time, the most majority are based in North America, with the exception of Nexon, a Japanese video game publisher.
According to CoinGecko data, the following public companies own the most bitcoin.
MicroStrategy is the world’s largest corporate owner of bitcoin, with 174,530 bitcoin worth at an estimated $9.1 billion as of February 22, 2024.
The intelligence software corporation, headquartered in Virginia, began buying bitcoin in 2020 and has since extended its holdings to almost ten times the next largest corporate owner. MicroStrategy’s shares increased by more than 350% in 2023 due to its large bitcoin holdings.
Here’s who controls the most bitcoins globally among public corporations as of February 22, 2024.
Tesla is the fourth-largest bitcoin owner, possessing $546.7 million.
In 2021, the corporation announced that it would buy $1.5 billion in bitcoin to assist enhance its bottom line. It also served as a means of providing liquidity to customers who may purchase its items using the cryptocurrency. The next year, however, the corporation sold a big portion of its holdings at a significant loss due to the cryptocurrency crash.
Two Canadian corporations, Hut 8 and Hive Blockchain, are among the top bitcoin holders. These bitcoin mining companies’ shares have increased by 191% and 144%, respectively.
CleanSpark, a bitcoin miner, saw its shares increase by more than 425% in 2023, thanks to even higher returns. This year, the business revealed plans to purchase four new Bitcoin mining plants. Three of these are in Mississippi and were purchased for a total of $19.8 million.
As bitcoin reaches new highs, business interest in the cryptocurrency may grow in line with a broader range of purchasers. Bitcoin’s market cap has reached $1 trillion for the first time since 2021, propelled by newly regulated spot ETFs.