Author: Marcus Lu, Visual Capitalist; Compiler: Deng Tong, Golden Finance
Who holds the most Bitcoins among listed companies?
While Tesla is the most familiar name among the world's largest corporate buyers, several companies have accumulated more Bitcoin, leading them to The stock price soared last year. Meanwhile, with the exception of Japanese video game publisher Nexon, the vast majority are in North America.
This chart shows the public companies with the most Bitcoin, based on data from CoinGecko.
As the world's largest Bitcoin business owner, MicroStrategy holds 174,530 Bitcoins, worth an estimated $9.1 billion, as of February 22, 2024.
The Virginia-based intelligence software company first started buying Bitcoin in 2020 and has since grown its holdings to roughly the second-largest business owner 10 times. MicroStrategy shares surged more than 350% in 2023 thanks to the size of its Bitcoin holdings.
As of February 22, 2024, the following are the people holding the most Bitcoins among listed companies in the world:
Tesla is The fourth largest owner on the list has Bitcoin holdings worth $546.7 million.
In 2021, the company announced a purchase of $1.5 billion in Bitcoin to help boost the company's profits. It also provides liquidity to customers who can purchase its products using cryptocurrencies. The following year, however, the company sold most of its Bitcoin holdings during the cryptocurrency crash, suffering heavy losses.
Two Canadian companies, Hut 8 and Hive Blockchain, are the largest holders of Bitcoin. Shares of these cryptocurrency mining companies soared by more than 191% and 144% respectively.
Shares of Bitcoin miner CleanSpark are up more than 425% in 2023 on the back of stronger returns. This year, the company announced plans to purchase four new facilities to mine Bitcoin. Three of them are in Mississippi, costing a total of $19.8 million.
As Bitcoin climbs to new all-time highs, corporate interest in Bitcoin is likely to continue to grow along with a broader pool of buyers. Newly regulated Bitcoin spot ETFs have also spurred demand, leading to Bitcoin’s market cap reaching $1 trillion for the first time since 2021.
Tencent is in talks to buy Nexon's parent company for around $15 billion as it looks to grow in Web3 gaming. The deal would give Tencent control of blockchain-based games like MapleStory N, though it's unclear if Nexon could keep its independence.
AnaisThe passage of options is a major win for the Bitcoin ETF as it will bring deeper liquidity and attract “bigger fish”.
JinseFinanceNexon’s MapleStory Universe integrates blockchain to enhance gameplay and empower creators, marking a significant step in Web3 gaming.
ZeZhengBuilding on Bitcoin is a platform that expands the overall functionality and utility of the Bitcoin network. Currently, the Bitcoin network lack the infrastructure to process million of daily transactions efficiently. Bitcoin also does not have the same capabilities as Ethereal regarding deploying smart contracts and creating applications. Therefore, programs like this are pushing towards a future where bitcoin can adopt programmability and thrive as a productive asset on-chain.
XingChiThe National Bitcoin Office of El Salvador (ONBTC) issued a statement stating that the Bitcoin bond "Volcano Bond" has been approved by the El Salvador Digital Assets Commission and is expected to be issued in the first quarter of 2024.
JinseFinanceIt would be a misunderstanding of Bitcoin’s history to think that it was the idealism of cypherpunkism that spawned the Bitcoin movement.
JinseFinanceOriginating as an extension of Nexon's iconic MapleStory IP, which gained global popularity since its inception in 2003, MapleStory M transitioned to mobile in October 2016, laying the groundwork for global expansion in July 2018.
BrianThe Real Correlation Between Bitcoin and Wall Street
CoindeskSigns pointing to Bitcoin’s steady maturity and growth in the crypto space and beyond are undeniable, making a case for the cryptocurrency being the ultimate digital reserve asset.
CointelegraphA Bitcoin hostel under construction in Portugal reflects a growing trend of business built with more than just a digital currency in mind.
Cointelegraph