There are several companies around the world investing in Bitcoin (BTC). It is a fact that large companies want to get access to the most valuable virtual currency in the world. But which are the companies that are currently holding BTC?
The next sections will be about the firms that decided to hold Bitcoin and the reasons they had to do so. We will also share with you some of the main characteristics of Bitcoin and why we should care about this cryptocurrency.
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This is a list of some of the companies that are currently investing in Bitcoin.
MicroStrategy is one of the first firms that decided to invest in Bitcoin. The company is currently working as a business intelligence (BI) firm after being founded in 1989 by Michael Saylor. MicroStrategy decided to purchase Bitcoin in August 2020 after investing $250 million as a treasury reserve asset.
The goal was to move away from cash and try to find a safer place than the U.S. dollar. The average price of these purchases was about $15,964. However, the firm continued to buy even more BTC over the last months and it currently owns 91,850 BTC or 0.437% of the total Bitcoin supply.
Michael Saylor is now one of the promoters of Bitcoin and digital assets all over the world. He is working in order to expand the knowledge about BTC and how this cryptocurrency could help the entire financial system become a better place.
Let’s move to Tesla and how this company continues to impress the entire market. Tesla purchased 43,200 BTC during the last months, becoming the second company with the largest treasury in Bitcoin after MicroStrategy. Tesla currently holds over 0.206% of the total Bitcoin supply.
Elon Musk, the CEO of Tesla, has been one of the main promoters of cryptocurrencies, including Dogecoin (DOGE) and Bitcoin (BTC). There is no need to present Tesla. The company has created the most popular electric cars in the world.
A few weeks ago, the company announced that they are not planning to accept BTC anymore for their cars. This is due to a large amount of energy that Bitcoin consumes to be protected. Elon Musk has also mentioned that people should not be surprised if Tesla announced that they sold their position in BTC.
This is due to the ongoing conflict between Elon Musk supporting Dogecoin and the crypto community supporting Bitcoin.
Let’s move on with Square. This company purchased 8,027 BTC, representing 0.038% of the total Bitcoin supply. This has been one of the first firms to announce they invested in Bitcoin alongside MicroStrategy.
Square is a company that offers digital payments solutions to clients located in the United States. The firm has been created by Jack Dorsey and it started its operations in 2010. Jack Dorsey is also the founder of the social media network Twitter.
Over the last years, Jack Dorsey has shown a lot of support for Bitcoin and the entire crypto market. In recent months, it has also confirmed he believes in Bitcoin despite the recent attacks received by Elon Musk and other financial institutions.
Coinbase is one of the largest cryptocurrency exchanges in the world. Indeed, it would be difficult to think that Coinbase does not own any BTC. The company purchased 4,487 BTC and it now owns just 0,021% of the total Bitcoin supply.
This exchange is offering services not only to newcomers to the market but also to experienced traders. Additionally, Coinbase has been the platform that allowed companies to invest their funds in BTC.
Thus, Coinbase is playing a very important role in the market by allowing large investors and institutions to get access to the crypto market through its solutions. The platform is also making it easier for traders to exchange virtual currencies and profit from market fluctuations.
Coinbase was also one of the first companies in the crypto industry that made it easy for users to deposit fiat currencies to the platform and purchase different digital currencies. It supports US Dollars (USD), Euro (EUR) and British Pound (GBP).
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