Meet the 30 Private & Public Companies with Bitcoin Reserves Totaling Over $55 Billion
BitGo, the leading digital asset financial services company, issued a blog post discussing 30 private and public companies that are the first movers to add Bitcoin to their balance sheet or portfolios.
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Will more companies move corporate cash to #Bitcoin? Check out the 30 private and public companies with Bitcoin reserves totaling over $55 billion.
Bitcoin has attained newfound ubiquity over the past year, with prominent figures ranging from Bridgewater’s Ray Dallio to Tesla’s Elon Musk acknowledging the viability and utility of the asset class. Often referred to as ‘digital gold,’ Bitcoin is supported by a resilient, peer-to-peer global ledger called a blockchain. Like gold before it, Bitcoin is perceived to be a hedge against rising inflation of the dollar and other global fiat currencies. Bitcoin’s popularity and adoption as a reserve asset has further increased over the past year due to the fallout from the Covid-19 pandemic and subsequent monetary expansion.
Over the past year, in the face of inflation and global uncertainty, mainstream businesses have forayed into digital assets with newfound enthusiasm. From public companies like Tesla and Square to funds like Grayscale Bitcoin Trust and Tudor Investment Group, prominent institutions are increasing their exposure to Bitcoin. In aggregate, these institutions are estimated to hold over 6% of the 18.6 million Bitcoin in circulation, amounting for over 1.2 million BTC. At time of writing, with Bitcoin surpassing an all-time high of over $48,000, the total value of these institutional holdings has eclipsed $55 billion(BitGo ).
In the list below are many of the well-known entities who have entered the world of cryptocurrency, either by adopting Bitcoin reserves internally, becoming active managers of sizable crypto portfolios, or otherwise having substantial exposure to digital assets.
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