MarketsFeb 25, 2024
North American Companies Own a Lot of Bitcoin
@visualcapitalist
What we’re showing
The Bitcoin holdings of publicly traded companies, based on data from CoinGecko (accessed Feb 20, 2024).
MicroStrategy at #1
MicroStrategy is an enterprise software company focused on IT and data analytics. The company began investing in Bitcoin during the early stages of the COVID-19 pandemic, and now owns over 174,530 Bitcoins worth approximately $9B.
Tesla at #4
According to CoinDesk, Tesla invested $1.5B in Bitcoin in Feb 2021, accumulating roughly 43,000 tokens. Plans to accept Bitcoin as payment for its cars were also announced, though later retracted. The firm reportedly sold a large chunk of its Bitcoins throughout 2021 and 2022.
Dataset
| Rank | Company | Country | Total Bitcoin | Estimated Value (USD) |
|---|---|---|---|---|
| 1 | MicroStrategy | US | 174,530 | 9,086,769,212 |
| 2 | Galaxy Digital | US | 17,518 | 912,061,096 |
| 3 | Marathon Digital | US | 13,716 | 714,112,912 |
| 4 | Tesla | US | 10,500 | 546,674,364 |
| 5 | Hut 8 | Canada | 9,366 | 487,633,533 |
| 6 | Coinbase | US | 9,181 | 478,001,651 |
| 7 | Block Inc. | US | 8,027 | 417,919,535 |
| 8 | Riot Platforms | US | 7,327 | 381,474,578 |
| 9 | Hive Blockchain | Canada | 2,596 | 135,158,728 |
| 10 | CleanSpark | US | 2,575 | 134,065,380 |
| 11 | NEXON | Japan | 1,717 | 89,394,275 |
| 12 | Exodus | US | 1,651 | 85,958,036 |
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