Companies now own Bitcoin worth around $ 70 billion. Today we’re taking a look at the top five Bitcoin hodlers.
5. Ruffer Investment Company – $ 2.16 billion
Ruffer Investment Company is a London-based asset manager that first invested in Bitcoin (BTC) in November 2020. At that time, the company sold part of its gold holdings and shifted 2.5 percent of its portfolio into Bitcoin.
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Overall, the British investment company acquired it for $ 744 million 45,000 BTC which is currently worth just under $ 2.16 billion.
4. Tesla Motors – $ 2.3 billion
Tesla recently joined the ranks of companies holding Bitcoin. In early February, Elon Musk announced that his company had invested a total of $ 1.5 billion in BTC. At the time, that was equivalent to just under 7.7 percent of the electric car manufacturer’s total cash holdings. In addition, Tesla wants to accept Bitcoin worldwide as a means of payment in the future. The company is also toying with the idea of keeping the BTC after the payment and not selling it.
Perhaps the most interesting thing about Tesla’s BTC investment is the way it is recorded under US accounting rules. Digital assets are considered “intangible assets with an indefinite useful life”. In plain English, this means that Tesla does not recognize the appreciation of its Bitcoin position until it is actually sold. Conversely, the company is obliged to record impairments if the value of the Bitcoin inventory falls, even if it has not yet been sold.
With Tesla intending to hold onto its BTC for the long term, the company warned in one Report to the SEC ahead of the fact that this could adversely affect its profitability.
3. CoinShares – $ 3.35 billion
CoinShares is one of the pioneers in the field of digital investment and is based on the British island of St. Helier. Also, CoinShares was the first company worldwidewho launched a regulated bitcoin hedge fund and an exchange traded bitcoin product.
In addition, CoinShares CEO Jean-Marie Mognetti is a staunch BTC supporter who is always optimistic statement via the key crypto currency:
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In February 2021, CoinShares managed over 69,730 BTC, which are currently worth just under $ 3.35 billion. This means that around 0.3 percent of all BTC is in the company’s hands.
2. MicroStrategy – $ 4.39 billion
MicroStrategy is a software company listed on the New York Stock Exchange, currently trading with $ 6.3 billion rated is. The IT service provider can be described as a heavyweight in the crypto space and has made headlines again and again in recent months after repeatedly increasing its BTC stocks. The company also attracted a lot of attention recently after the bitcoin giant filed a document with the SEC asking board members to receive bonus payments in bitcoin as of now.
Overall, MicroStrategy holds BTC, which at press time is worth $ 4.39 billion.
This makes it the largest publicly traded company that is not an asset manager and bobsled BTC. In addition, the IT service provider’s Bitcoin inventory now comprises 91,579 BTC, which corresponds to 0.43 percent of the total BTC supply.
1. Grayscale Bitcoin Trust – $ 31.76 billion
Asset manager Grayscale’s Bitcoin Trust dwarfs all other candidates on this list. Grayscale was founded in 2013 and has since become the world’s most popular investment platform for institutional investors when it comes to cryptocurrencies.
Overall, the asset manager has loud bitcointreasuries.org over 662,254 BTC, which is split between the Grayscale Bitcoin Trust and the Grayscale Digital Large Cap Fund. In addition, Grayscale can call itself the world’s largest Bitcoin hodler, as the company owns 3.16 percent of all BTC.
The Bitcoin price at press time was $ 48,301.60.