Which company holds the most Bitcoin globally?

Ritu13

Although Tesla is the most familiar name among the largest corporate buyers globally, several companies have accumulated even more Bitcoin, leading to surges in their stock prices last year. Meanwhile, except for the Japanese video game publisher Nexon, the vast majority are in North America.

MicroStrategy Leads the Way
As the largest corporate owner of Bitcoin globally, as of February 22, 2024, MicroStrategy holds 174,530 Bitcoins, valued at an estimated $9.1 billion.

The Virginia-based business intelligence software company began buying Bitcoin in 2020, and since then, its holdings have increased to roughly ten times that of the second-largest corporate owner. Thanks to its Bitcoin holdings, MicroStrategy's stock price soared by over 350% in 2023.

As of February 22, 2024, here are the top Bitcoin holders among listed companies globally:

Tesla ranks as the fourth-largest holder on the list, with its Bitcoin holdings valued at $546.7 million.

In 2021, the company announced a $1.5 billion purchase of Bitcoin to help boost its profits. It also provided liquidity for customers to purchase its products using cryptocurrency. However, the following year, during the cryptocurrency crash, the company sold most of its Bitcoin holdings, resulting in significant losses.

Canadian companies Hut 8 and Hive Blockchain are the largest holders of Bitcoin. The stock prices of these cryptocurrency mining companies surged by over 191% and 144%, respectively.

With stronger returns, the stock price of Bitcoin miner CleanSpark rose by over 425% in 2023. This year, the company announced plans to purchase four new facilities for Bitcoin mining. Three of them are located in Mississippi, with a total cost of $19.8 million.

As Bitcoin climbs to new all-time highs, corporate interest in Bitcoin may continue to increase with a broader base of buyers. The introduction of new regulated Bitcoin spot ETFs has also stimulated demand, leading to Bitcoin's market value reaching $1 trillion for the first time since 2021.

Yamini003

Although Tesla is the most familiar name among the largest corporate buyers globally, several companies have accumulated more Bitcoin, leading to a surge in their stock prices last year.

Jiten171

I haven't paid attention to that.

Indra55

It's still within expectations.