Public companies' bitcoin reserves have increased dramatically in 2021
The expert Willy Woo believes that public companies holding a significant amount of BTC have won market share from spot ETFs
04.01.2022 - 12:35
612
1 min
0
What’s new? The number of bitcoins owned by private corporations increased significantly during 2021. Willy Woo, the on-chain company’s analyst, stated this on Twitter. He believes that public companies holding a significant amount of BTC have won market share from spot ETFs.
Since MicroStrategy's "Bitcoin for Corporations" conference in Feb 2021, public companies* holding significant BTC have gained market share from spot ETFs** as a way to access BTC exposure on public equity markets.* MicroStrategy & public mining companies** Mainly Grayscale pic.twitter.com/e18OEfgiEW— Willy Woo (@woonomic) January 2, 2022
What gave the impetus to the growth of savings? The increase in cryptocurrency reserves at companies became more visible after MicroStrategy's “Bitcoin for Corporates” conference, held on February 3 and 4, 2021. The online seminar aimed to explain the legal aspects for firms looking to integrate bitcoin into their business and reserves.
Which organizations own the largest number of BTC? MicroStrategy is a leading business intelligence company. It owns 124 391 BTC worth of crypto assets, the equivalent of $5,8 billion. Tesla owns 43 200 BTC worth about $2 billion at current prices. Grayscale, an asset management company, has taken the largest market share, increasing its holdings to 645 199 BTC by the end of 2021.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$97 893
BTC
+0.64%
-
Ethereum
$3 296.08
ETH
-1.76%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.41
XRP
+24.85%
-
Dogecoin
$0.399966
DOGE
+1.95%
-
Cardano
$0.889119
ADA
+11.36%
-
Bitcoin Cash
$476.1
BCH
-2.77%
-
Polkadot
$6.08
DOT
+2.74%
-
Stellar XLM
$0.287901
XLM
+19.3%
-
Litecoin
$88.39
LTC
-2.11%