Public companies hold $ 6.7 billion worth of bitcoins
13 organizations hold 2.85% of the total Bitcoin supply
Square is one of the latest companies to join this list.
Bitcoin kicked off new week with renewed growth and hit early September highs
International consortium of news organizations developing transparency standards.
MicroStrategy, Galaxy Digital and Square are some of the largest publicly traded bitcoin companies
Public companies hold over $ 6.7 billion in bitcoins. The group includes the US software giant MicroStrategy, which manages the Galaxy Digital asset and Jack Dorsey’s payment platform Square. Also, some firms hold the first cryptocurrency on behalf of their investors, such as the asset manager Grayscale Investments.
Moreover, the amount has increased over the past few weeks, mainly due to new investments from MicroStrategy and Square. This trend signals a growing interest in bitcoin as a safekeeping and hedging medium in a time of heightened economic uncertainty from both public companies and individual investors..
Owns the most bitcoin (38,250 BTC for $ 425 million) to date of any publicly traded investor excluding Grayscale.
This means that the shareholders of the company, such as BlackRock, Vanguard and the Norwegian Oil Fund, indirectly have exposure to millions of dollars in bitcoins. Moreover, it turns out that now every citizen of Norway is an indirect owner of bitcoin, since the government of the country has a 2% stake in the corporation..
According to Bitcoin Treasuries, which provides information on public companies that own bitcoins, 13 organizations hold 2.85% of the total supply of bitcoin..
Square is one of the latest companies to join this list. Last week, its owner, Jack Dorsey, known for his peaceful attitude towards cryptocurrencies, announced that his company acquired $ 50 million worth of bitcoins..
Also recently, Grayscale’s investment in bitcoin has attracted considerable media attention. It is a public company, but its clients are real holders of BTC.
After some hesitation on Sunday, bitcoin kicked off the new week with renewed gains and, at the time of this writing, has renewed early September highs around $ 11,600, holding near the upper end of the range..
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