The number of bitcoins held by private companies increased significantly in 2021, an increase from the previous year.
On January 3 tweet, On-chain analyst Willy Woo claimed that “listed companies holding large amounts of BTC have gained market share from spot ETFs as a way to gain exposure to BTC in the public stock market”.
From MicroStrategy’s “Enterprise BitcoinThe conference will be held from February 3 to 4, 2021. The webinar aims to explain the legal considerations of companies seeking to integrate Bitcoin into their businesses and reserves.
On December 30, Saylor’s company purchased another 1,914 BTC, valued at US$94 million. Since the first purchase of BT in August 2020, the company has earned more than $2.1 billion in profits.
Woo quoted a chart According to crowdsourced corporate financial data, the amount of BTC holdings that can be publicly owned through the stock market in the finance of ETFs and listed companies.
Spot Exchange Traded Fund (ETF) Holds BTC, not futures. In futures, the company buys exposure through contracts in the CME futures market.
Since the MicroStrategy “Enterprise Bitcoin” conference in February 2021, listed companies that hold large amounts of BTC* have gained market share from spot ETFs** as a way to gain exposure to BTC in the public stock market .
* MicroStrategy and public mining companies
** Mainly grayscale pic.twitter.com/e18OEFgiEW
— Willie Hu (@woonomic) January 2, 2022
The data shows that Grayscale, a digital currency asset management company, has achieved the highest market share with an overwhelming advantage, reaching 645,199 BTC by the end of 2021. This accounts for 71% of the market, and the total holdings of all spot ETFs and companies are 903,988 BTC according to the chart.
MicroStrategy is the largest corporate investor, holding 124,391 BTC, valued at approximately US$5.8 billion. Bitcoin Treasuries. The second-ranked Tesla holds approximately 43,200 coins, which are worth approximately US$2 billion at current prices.
BTC holdings of listed companies in 2020 Soaring 400% in 12 months According to Cointelegraph, this has increased to $3.6 billion.