In recent years, Bitcoin has attracted the attention of private investors and large corporations. Companies invest in Bitcoin to diversify their assets and generate additional profits. This article will look at the largest public institutional investors in Bitcoin, their strategies, and their current results.
Read: The most famous investors in BTC
Many large companies invest in Bitcoin to diversify their risks and increase profits. Here is a list of the largest public institutional investors in BTC:
MicroStrategy Inc. - An American company owning 121,044 BTC. The initial investment was about $3.57 billion, and the current value of their BTC exceeds $5.8 billion.
Tesla - Elon Musk's company invested $1.5 billion in Bitcoin. Despite partially selling their assets, they still hold 48,000 BTC valued at over $2.32 billion.
Galaxy Digital Holdings - A bank that invested $134 million in Bitcoin and now holds 16,402 BTC valued at over $795 million.
Square Inc. - The company invested $220 million in Bitcoin and currently holds 8,027 BTC worth about $389 million.
Marathon Patent Group - Purchased 4,813 BTC for $150 million. Currently, their value is estimated at $233 million.
Coinbase - Bought 4,483 BTC for $130 million, and their current value exceeds $217 million.
NEXON Co Ltd - Acquired 1,717 BTC in November for $100 million. Now this asset is worth about $83 million.
Voyager Digital LTD - Invested about $7.93 million in purchasing 1,239 BTC, which are now valued at $60 million.
Riot Blockchain, Inc. - Purchased 1,175 BTC for $7.2 million. Today, the market value of these assets exceeds $56 million.
Aker ASA - Bought 1,170 BTC for $58.6 million. The current value of the asset is approximately $56.7 million.
All data is based on information from open sources and CoinGecko statistics as of 21.12.2021.
Different companies apply different strategies regarding Bitcoin. For example, Tesla sold 10% of its Bitcoin in March 2021, recording a profit of $101 million, while MicroStrategy Inc. increased its Bitcoin investments by 33% since the summer of 2021. In the above list, it is noticeable that for two of the largest BTC holders, the asset is unprofitable, as they purchased it during peak price periods.
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