It’s been over ten months since the market conditions have been choppy. While some entities have clung to their Bitcoin stash, others succumbed to the market-wide pressure and sold their HODLings. In this article, we will assess the state of the top publicly listed companies that possess Bitcoin.
MicroStrategy
As of 7 October, MicroStrategy owned the highest number of BTC. The business analytics company made its first Bitcoin purchase in August 2020, and since then, it has only been adding more coins to its portfolio.
Per data from bitcointreasuries.net, the company’s latest purchase was made on 20 September. At the moment, the company possesses 130,000 BTC roughly worth $2.6 billion.
Also Read – MicroStrategy Scoops up 301 Bitcoin for $5.7 Million
Marathon Digital Holdings
Bitcoin mining company Marathon Digital is the next largest HODLer of Bitcoin, with 10,055 BTC in its corporate treasury. The same is worth around $202 million at current prices.
As illustrated below, even this company has only been adding BTC to its portfolio, despite being in a bear market. Per data from bitcointreasuries.net, Marathon Digital Holdings made its last BTC purchase on 30 June this year.
Also Read – This Bitcoin Mining Firm Filed for Chapter 11 Bankruptcy
Tesla
Elon Musk’s Electric vehicle manufacturing company Tesla joined the list of companies HODLing BTC last year. Back then, an SEC filing revealed that the company invested “an aggregate $1.50 billion” in the largest crypto asset.
While the top two companies have not disposed of any of their Bitcoin HODLings, Tesla did. The company’s Q2 earnings report revealed that it had sold 75% of its Bitcoins. The sale added about $936 million to the Tesla treasury.
Read More – Elon Musk Reveals Why Tesla Sold 75% of its Bitcoin Holdings
As a result, the third largest BTC HODLer currently possesses only 9,720 BTC to worth roughly $195 million at today’s price.
