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.
The future of content is faster, smarter, and more emotionally connected. I believe we’re moving…
John's doing good and doing well at the same time
Business Now got in touch with Rabail Arshad, founder of ARInvoTech to know more about…
Doztra AI is built for people who deal with complexity every day and cannot afford…
BrandGenius by AI VisionGuard is revolutionizing the way that companies safeguard their most important assets
GoGEE8 began as an idea during the lockdown days—born out of both urgency and inspiration.…