Bitcoin holdings of public companies surged in 2021

The
quantity
of
Bitcoin
(BTC)
held
by
private
corporations
increased
significantly
during
2021,
building
on
increases
from
the
previous
year.

In
a
Monday tweet,
on-chain
analyst
Willy
Woo
claimed
that
public
companies
holding
“significant
BTC
have
gained
market
share
from
spot
ETFs
as
a
way
to
access
BTC
exposure
on
public
equity
markets.”

This
has
been
more
noticeable
since
MicroStrategy’s
Bitcoin
for
Corporations
” conference
on
Feb.
3
and
4,
2021.
The
online
seminar
aimed
to
explain
the
legal
considerations
for
firms
seeking
to
integrate
Bitcoin
into
their
businesses
and
reserves.

Michael
Saylor’s
MicroStrategy
is
a
leading
business
intelligence
firm
and
is
known
for
being
particularly
bullish
on
BTC,
owning
almost
$6
billion
in
crypto
assets
.

On
Thursday,
Saylor’s
firm
purchased
a
further
1,914
BTC
worth
$94
million.
The
company
has
gained
more
than
$2.1
billion
in
profit
since
its
initial
Bitcoin
purchase
in
August
2020.

Woo
referenced
a

chart

of
BTC
holdings
inside
exchange-traded
funds
(ETF)
and
public
company
treasuries
available
for
public
ownership
via
equity
markets,
based
on
crowdsourced
corporate
treasury
data.

Spot
ETFs hold
BTC,
as
opposed
to
futures,
in
which
companies
purchase
exposure
via
contracts
from
the
Chicago
Mercantile
Exchange
futures
market.

The
data
shows
that
digital
currency
asset
management
company
Grayscale
had
gained
the
highest
market
share
by
a
landslide
at
645,199
BTC
by
the
end
of
2021.
This
took
up
71%
of
the
wider
market
as
holdings
of
all
spot
ETFs
and
corporations
together
totaled
903,988
BTC
according
to
the
chart.



Related:




Missed
out
on
hot
crypto
stocks
in
2021?
It
paid
just
to
buy
Bitcoin
and
Ethereum,
data
shows

MicroStrategy
is
the
largest
corporate
investor,
holding
124,391
BTC
valued
at
around
$5.8
billion, according to
Bitcoin
Treasuries.
Second-placed
Tesla
holds
around
43,200
BTC
worth
roughly
$2
billion
at
current
prices.

In
2020,
the
amount
of
BTC
held
by
public
companies

surged
400%
in
12
months

to
$3.6
billion
as
reported
by
Cointelegraph.

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