Public Companies with a crypto portfolio


Today, more and more large companies are choosing cryptocurrency for their investment portfolio. A few years ago, it was impossible to imagine that public organizations would dilute assets with cryptocurrency. However, thanks to the pandemic, everything has moved forward. More and more institutional investors are buying digital assets. One of the first companies that decided to take this step was MicroStrategy. She set an example to other organizations that realized that it was possible to start investing in cryptocurrencies. We will talk more about them in this article.

MicroStrategy 

The first public company to acquire bitcoin was MicroStrategy. A mobile software provider, invested in the first cryptocurrency in August 2020. Then 21 454 BTC was purchased. In 2021, the company continued to invest in the first cryptocurrency. Today, the company’s account has less than 20% of fiat funds – the rest of the funds are stored in bitcoin, of which there are more than 100 000 BTC.

Tesla

The manufacturer of electric cars, the company Tesla invested a record $1.5 billion in the first cryptocurrency. This news excited the market and the value of the asset quickly began to grow. Some time later, the company’s founder, Elon Musk, announced that Tesla would begin accepting cryptocurrency as a means of payment for the purchase of an electric car. This initiative worked for only two months, after which it was canceled.

Galaxy Digital Holdings

The largest institutional investor at the moment is Galaxy Digital Holdings. She is engaged in the provision of financial services and investment management in the digital asset sector. According to the data bitcointreasuries.org Galaxy Digital Holdings owns 16 400 BTC, which makes it a leader among institutions.

Voyager Digital LTD

The cryptocurrency company Voyager Digital LTD has 12 260 BTC in its investment portfolio. The company is engaged in the development of a platform that makes it possible to purchase or sell digital assets. The main task of Voyager Digital LTD is to create an online store where you can comfortably trade crypto.

Square Inc.

Square Inc. acquired the first cryptocurrency almost at the same time that Tesla did it. Then they invested $50 million. Since then, the payment company has continued to invest in bitcoin, showing in its income statement for the 4th quarter of 2020 that it acquired the cryptocurrency for another $ 170 million. Considering that the head of Square, Jack Dorsey, is an ardent supporter of BTC and even operates his own bitcoin node, this is not at all surprising. Today, the company has more than 8 thousand BTC. In July 2021, the management of Square Inc. announced that the company intends to develop a hardware wallet on which, most likely, bitcoins will be stored.

Marathon Digital Holdings Inc.

Marathon Digital Holdings Inc. it is a mining company. There are 5,784 BTC on her account. The goal of Marathon Digital is to operate 103 000 bitcoin miners producing 50-60 BTC per day; in June 2021, it produced 265.6 BTC per month, that is, it is still far from the final goal. Considering that in June the company installed 18,000 new devices for ASIC mining and another 1,000 are being prepared for work, everything is going according to plan.

Coinbase Global, Inc.

The cryptocurrency exchange Coinbase is also the holder of the first cryptocurrency. At the beginning of 2021, the company reported that the total amount of bitcoins on the account is $230 million.

Bitcoin Group SE

The venture company from Germany Bitcoin Group SE has almost 4 thousand bitcoins. Her investments include the Bitcoin cryptocurrency exchange.de and the Futurum bank, which was transformed in October 2020 into “the first cryptocurrency bank in Germany”. This happened after the German authorities gave the go-ahead for the storage and sale of cryptocurrencies to banks.

Hut 8 Mining Corp

A mining company from Canada, Hut 8 Mining Corp, is the holder of 3 522 BTC. In the summer of 2021, the company made a statement that it will produce 5 000 BTC by the end of 2021. This optimism is due to the fact that the company has purchased new mining equipment. In addition, mining has now become easier due to Chinese bans. Therefore, the optimism of Hut 8 Mining Corp is justified.

Riot Blockchain, Inc.

Another mining company, but now from the United States. At the moment, she is the holder of 2 243 BTC. In April 2021, the company acquired a mining farm in Texas for $650 million. However, the fall in the price of bitcoin has greatly affected the share price of Riot Blockchain, Inc. At the time of the purchase of the farm, the company’s shares were worth $48, then by July 2021 they had decreased in price to $28 per share — by 41%.

Conclusion

The crypto industry is developing and large companies cannot ignore it, so they dilute their investment portfolios with crypto. So far, this is mainly bitcoin, but over time, other digital assets will join it. 

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