MicroStrategy: – Michael Saylor the CEO of Microstrategy, is always bullish about bitcoin and does not miss any opportunity to purchase it. He predicts that bitcoin will increase so much in the future, which is unimaginable because bitcoins are only available in a limited number and the rest will be generated from the mining process, he is always positive about bitcoin and always spread its awareness through social media. Microstrategy is a public sector company and provides business intelligence, mobile software, and cloud-based services. Company founded in 1989, it’s a multicultural company having over 200,000 team members in over 40 countries. At present company has over 105,000 Bitcoins, which has billion dollars worth in the crypto market. The company plans to buy more bitcoin in the future, the company wants to position itself as a kingmaker in bitcoin. The company has made a lot of investments after the cryptocurrency price was down. The company has also shown its bitcoin holdings in the final balance sheet.
Tesla: – Tesla bought bitcoin worth $1.5 billion in January 2021. At present company holding around 38,300 bitcoin which has billion dollars worth. Elon Musk CEO of the company said in an interview that the company sold around 10% of its bitcoin holding in the first quarter of 2021 to demonstrate the liquidity of bitcoin. The sale generated $272 million, and the company made $101 million in profit from the sale. The real boom in bitcoin came when Elon Musk invested in it. Elon Musk is such a popular celebrity in the crypto world that one of his tweets is going to pump and dump the crypto market. Due to the high volatility in cryptocurrencies, companies should be more careful when buying cryptocurrencies for their corporate treasuries. The accounting work for cryptocurrencies also remains an issue. Because due to volatility it’s very difficult to rewrite the whole accounting process. The interest in cryptocurrencies remains strong, that’s the main reason why lots of big institutions taking an interest to buy bitcoin for their organization.
Galaxy Digital Holdings: – The Company is holding around 16,400 BTC which has a million dollars worth. Michael Novogratz, CEO of the company has the same interest in bitcoin as Saylor. He’s fully bullish about bitcoin and its price hiking favor in the future. He just loves to accumulate more bitcoins for his company. It’s a financial services and investment management company. The company mostly deals in trading, principal investments, asset management, and advisory services. It also offers services related to the digital asset, cryptocurrency, and blockchain technology sector to all users.
Voyager Digital LTD: – The Crypto brokerage company Voyager Digital holds 12,260 BTC. The firm aims to provide a one-stop destination for trading digital assets. CEO Steven Ehrlich said the company’s profit increasing after the bitcoin purchase and it will generate handsome revenue in the future. The company providing crypto-currency brokerage services in the US. The Company offering to all access to digital assets and commission-free trading. The company serves retail and institutional investors worldwide.
Square Inc: – The payment company investing continuously in bitcoin and holding 8,207 BTC at present. The company says it has no plans to change its bitcoin buying strategy and buying will continue in the future as well. The crypto-friendly digital payment company wants to accumulate more bitcoin in the future. Company based in San Francisco and providing services in different sectors globally. The company provides mobile payment solutions and also develops point-of-sale software that helps in digital receipts, inventory, and sales reports generations.
Marathon Digital Holdings Inc: – The bitcoin mining company is holding 5,784 BTC in its corporate treasury. The company aims to build the largest bitcoin mining operations in North America at the lowest energy cost. Day by day Marathon Digital spreading its bitcoin mining process and aiming for more bitcoin a day. The company generates handsome revenue and its stock price has surged by over 3k% in last year.
Coinbase Global, Inc: – Currently company holding approx 4,482 BTC. Name of trust in the crypto world, best-known crypto firm in this list worldwide. The company has no2 ranking in the world’s top crypto exchanges after Binance. Crypto exchange Coinbase went public in a direct listing on the Nasdaq in April 2021.The providing best platform to users worldwide with advanced technology. Coinbase is the easiest place to buy and sell cryptocurrency. Users across the globe can access it and with its advance, security features can do risk-free trading.
Bitcoin Group SE: – It’s a Germany-based venture capital firm that holding around 3,947 BTC, which has million dollars worth at present. The company’s main focus is on innovative business models and technologies in the areas of cryptocurrencies and blockchain technology. BG focuses on the purchase, sales, and management of investments in companies.
Hut 8 Mining Corp: – The Canadian crypto mining firm holding 3,522 BTC presently. The company was listed in June 2021 on Nasdaq Global Select Market. The company’s main focus is on increase bitcoin mining with less energy consumption. The company has a specialization in Bitcoin and Ethereum mining.
Riot Blockchain, Inc: – Another crypto mining US-based firm holding 2,243 BTC. The Nasdaq-listed company aggressively focuses on its expansion. The company reinforces the Bitcoin blockchain technology through rapidly expanding big-scale mining in the United States. The main focus of the company buying cryptocurrencies and blockchain businesses.