The expert Willy Woo believes that public companies holding a significant amount of BTC have won market share from spot ETFs

​Public companies' bitcoin reserves have increased dramatically in 2021

04.01.2022 - 12:35

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1 min

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.

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.

Author:

Tatiana Darda Tatiana Darda

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