Tesla is the most well-known company, infamous for the biggest corporate purchasers in the world.
As the company accumulated significantly more bitcoin, the share price of the cryptocurrency increased drastically last year.
However, Tesla is not the company that acquires the most bitcoin.
Here is the list of largest corporate that holds the most Bitcoin (Source: Visual Capitalist):
As of February 22, 2024, MicroStrategy is the largest corporate bitcoin owner in the world, holding 174,530 bitcoin valued at approximately $9.1 billion.
The Virginia-based intelligence software company, whose holdings are approximately ten times larger than those of the next largest corporate owner, started purchasing bitcoin in 2020.
MicroStrategy’s large bitcoin holdings helped drive a 350% increase in the company’s shares in 2023.
Tesla, with $546.7 million worth of bitcoin holdings, is the fourth-largest owner on the list. The company declared in 2021 that it had purchased $1.05 billion in bitcoin to improve its financial position.
Top bitcoin holders are two Canadian businesses: Hut 8 and Hive Blockchain. These bitcoin mining firms have seen increases in share prices of over 191% and 144%, respectively.
Bitcoin miner CleanSpark saw a 425% increase in share price in 2023 due to even higher returns. This year, the business declared its intention to buy four additional bitcoin mining facilities. Acquired for a grand total of $19,8 million, three of these are situated in Mississippi.
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