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<p class="is-style-lead">Top publicly traded firms reveal their Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="URL" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) portfolios. MicroStrategy leads the list, showcasing the fusion of traditional finance and digital assets.</p> 
<p>Crypto analytics website CoinGecko <a href="https://www.coingecko.com/en/public-companies-bitcoin" data-type="URL" data-id="https://www.coingecko.com/en/public-companies-bitcoin" target="_blank" rel="noopener noreferrer nofollow">has analyzed</a> the top 10 publicly traded companies with the largest Bitcoin portfolios. The report provides a detailed account of their BTC holdings and associated performance.</p> 
<p>The list includes MicroStrategy, Block, Tesla, and other moguls that keep investing in crypto despite the bear market.</p> 
<figure class="wp-block-image size-full is-resized"> 
 <img decoding="async" src="https://crypto.news/app/uploads/2023/08/Screenshot-2023-08-09-at-10.02.32.png" alt="Top 5 companies holding Bitcoin | Source: CoinGecko" class="wp-image-14184089" width="1020" height="226"> 
 <figcaption class="wp-element-caption">
   Top 5 companies holding Bitcoin | Source: CoinGecko 
 </figcaption> 
</figure> 
<h2 class="wp-block-heading" id="microstrategy">MicroStrategy</h2> 
<p><a href="https://crypto.news/microstrategy-boosts-bitcoin-portfolio-with-additional-347m-investment/" data-type="URL" data-id="https://crypto.news/microstrategy-boosts-bitcoin-portfolio-with-additional-347m-investment/" rel="noopener noreferrer nofollow">MicroStrategy, Inc.</a>, under the leadership of CEO Michael Saylor, has become a torchbearer for Bitcoin among publicly traded companies.</p> 
<p>The firm holds a formidable Bitcoin portfolio of 152,333 BTC, more significant than any other public company. The total BTC acquisition cost for MicroStrategy is around $3.6 billion, a substantial financial commitment.</p> 
<p>As of July 2023, considering Bitcoin’s valuation of approximately $30,090 per coin, MicroStrategy’s Bitcoin holdings are worth over $4.5 billion. This means the firm is sitting on an unrealized return on investment (ROI) of 11.07%, illustrating the potential of strategic crypto investments.</p> 
<p> You might also like: <a href="https://crypto.news/microstrategy-will-buy-more-bitcoins-q2-report-says/" rel="noopener noreferrer nofollow"> MicroStrategy will buy more Bitcoins, Q2 report says </a> </p> 
<h2 class="wp-block-heading" id="block">Block</h2> 
<p><a href="https://crypto.news/blockstream-square-inc-solar-bitcoin-mining/" data-type="URL" data-id="https://crypto.news/blockstream-square-inc-solar-bitcoin-mining/" rel="noopener noreferrer nofollow">Block Inc.</a>, previously known as Square Inc., has also been a major player in the Bitcoin ecosystem. Led by Jack Dorsey, also the co-founder of Twitter, Block has demonstrated considerable faith in Bitcoin.</p> 
<p>The digital payments company currently holds a total of 8,027 BTC. The firm’s total acquisition cost for these coins is around $220 million.</p> 
<p>As of July 2023, Block’s Bitcoin holdings are worth about $241 million, representing an unrealized profit of 9.79%.</p> 
<p> You might also like: <a href="https://crypto.news/cathie-wood-invests-19-9m-in-jack-dorseys-block/" rel="noopener noreferrer nofollow"> Cathie Wood invests $19.9m in Jack Dorsey’s Block </a> </p> 
<h2 class="wp-block-heading" id="galaxy-digital">Galaxy Digital</h2> 
<p><a href="https://crypto.news/galaxy-digital-holdings-to-buy-popular-custody-platform-gk8/" data-type="URL" data-id="https://crypto.news/galaxy-digital-holdings-to-buy-popular-custody-platform-gk8/" rel="noopener noreferrer nofollow">Galaxy Digital Holdings</a> is a diversified financial services firm with a focus on digital assets and blockchain technology. Founded by ex-hedge fund manager Mike Novogratz, the company holds 12,545 BTC.</p> 
<p>However, due to undisclosed data on the timing and cost of their Bitcoin purchases, the exact return on their investment is not readily available.</p> 
<p> You might also like: <a href="https://crypto.news/sec-accepts-bitcoin-etf-applications-from-blackrock-fidelity-galaxy-digital/" rel="noopener noreferrer nofollow"> SEC accepts bitcoin ETF applications from BlackRock, Fidelity, Galaxy Digital </a> </p> 
<h2 class="wp-block-heading" id="tesla">Tesla</h2> 
<p><a href="https://crypto.news/tesla-maintains-184m-btc-holdings-amidst-record-revenue/" data-type="URL" data-id="https://crypto.news/tesla-maintains-184m-btc-holdings-amidst-record-revenue/" rel="noopener noreferrer nofollow">Tesla, Inc.</a>, the automotive and energy company founded by Elon Musk, also delved into Bitcoin investments.</p> 
<p>Tesla initially shook the market with a bold $1.5 billion Bitcoin investment. It currently holds 10,500 BTC.</p> 
<p> Citing environmental concerns and a need to rebalance its assets, Tesla made a substantial sell-off. As of July 2023, Tesla’s remaining Bitcoin holdings are valued at around $312 million, representing an unrealized loss of about 5.97%, according to CoinGecko. </p> 
<p> You might also like: <a href="https://crypto.news/tesla-sold-none-of-its-321m-worth-of-bitcoin-in-q1/" rel="noopener noreferrer nofollow"> Tesla sold none of its $321m worth of bitcoin in Q1 </a> </p> 
<h2 class="wp-block-heading" id="hut-8-mining">Hut 8 Mining</h2> 
<p><a href="https://crypto.news/hut-8-mining-mined-147-btc-in-may-bitcoin-hash-rate-slumping/" data-type="URL" data-id="https://crypto.news/hut-8-mining-mined-147-btc-in-may-bitcoin-hash-rate-slumping/" rel="noopener noreferrer nofollow">Hut 8 Mining Corp</a> is a prominent name in the Bitcoin mining sector and one of the largest publicly traded Bitcoin mining companies.</p> 
<p>The Canada-based company holds 9,315 BTC. Due to the nature of their business – mining the coins rather than purchasing them – the firm’s exact return on investment is not given.</p> 
<p>However, the unrealized profit per Bitcoin is considered to be significant.</p> 
<p> You might also like: <a href="https://crypto.news/hut-8-mining-mined-147-btc-in-may-bitcoin-hash-rate-slumping/" rel="noopener noreferrer nofollow"> Hut 8 Mining mined 147 BTC in May, Bitcoin hash rate slumping </a> </p> 
<h2 class="wp-block-heading" id="marathon-digital">Marathon Digital</h2> 
<p><a href="https://crypto.news/marathon-digital-holdings-mined-33-8-million-bitcoin-may/" data-type="URL" data-id="https://crypto.news/marathon-digital-holdings-mined-33-8-million-bitcoin-may/" rel="noopener noreferrer nofollow">Marathon Digital Holdings</a> is another company focused on mining digital assets. The firm holds a total of 12,964 BTC.</p> 
<p>Its Bitcoin holdings, which were acquired for approximately $189 million, have skyrocketed to about $390 million, delivering an exceptional unrealized ROI of 106.3%.</p> 
<p> You might also like: <a href="https://crypto.news/marathon-mined-21-less-bitcoin-in-june-partly-due-to-bad-weather-in-texas/" rel="noopener noreferrer nofollow"> Marathon mined 21% less bitcoin in June partly due to bad weather in Texas </a> </p> 
<h2 class="wp-block-heading" id="nexon">Nexon</h2> 
<p><a href="https://crypto.news/japanese-gaming-nexon-100-million-bitcoin-btc/" data-type="URL" data-id="https://crypto.news/japanese-gaming-nexon-100-million-bitcoin-btc/" rel="noopener noreferrer nofollow">Nexon Co.</a> is a Japanese video game publisher that ventured into Bitcoin as an alternative investment strategy.</p> 
<p>The company currently holds 1,717 BTC. Purchased for about $100 million, the holdings’ value dipped to around $52 million as of July 2023, implying an unrealized loss of -48.32%.</p> 
<h2 class="wp-block-heading" id="riot-platforms">Riot Platforms</h2> 
<p><a href="https://crypto.news/riot-platforms-expands-operations-with-33000-new-miners/" data-type="URL" data-id="https://crypto.news/riot-platforms-expands-operations-with-33000-new-miners/" rel="noopener noreferrer nofollow">Riot Platforms, Inc.</a>, another Bitcoin mining company, maintains a respectable position in the Bitcoin holding rankings with 7,275 BTC.</p> 
<p>The company’s exact return on investment is not stated, but given the nature of its operations, a considerable unrealized profit per Bitcoin is likely.</p> 
<p> You might also like: <a href="https://crypto.news/riot-platforms-expands-operations-with-33000-new-miners/" rel="noopener noreferrer nofollow"> Riot Platforms expands operations with 33,000 new miners </a> </p> 
<h2 class="wp-block-heading" id="coinbase">Coinbase</h2> 
<p><a href="https://crypto.news/coinbase-will-remain-in-us-despite-regulatory-uncertainty/" data-type="URL" data-id="https://crypto.news/coinbase-will-remain-in-us-despite-regulatory-uncertainty/" rel="noopener noreferrer nofollow">Coinbase Global, Inc.</a>, a pioneering crypto exchange, diversifies its holdings with 4,487 BTC.</p> 
<p>While the initial acquisition cost for these coins is not stated, the company is likely enjoying a significant unrealized profit given the rise in Bitcoin’s value.</p> 
<p>Co-founder, Brian Armstrong, has been at the forefront of crypto regulation as Coinbase’s fight against the US SEC gets more complex and intricate.</p> 
<p> You might also like: <a href="https://crypto.news/coinbase-will-remain-in-us-despite-regulatory-uncertainty/" rel="noopener noreferrer nofollow"> Coinbase will remain in US despite regulatory uncertainty </a> </p> 
<h2 class="wp-block-heading" id="hive">Hive</h2> 
<p><a href="https://crypto.news/hive-blockchain-rebrands-to-reflect-its-ai-and-web3-push/" data-type="URL" data-id="https://crypto.news/hive-blockchain-rebrands-to-reflect-its-ai-and-web3-push/" rel="noopener noreferrer nofollow">Hive Blockchain Technologies</a> is a crypto mining firm that, despite selling off a portion of its Bitcoin, still retains a significant position with 2,332 BTC.</p> 
<p>The company saw a -24.56% reduction in Bitcoin holdings since 2021. However, due to its mining nature rather than buying cryptocurrencies, Hive Blockchain demonstrates a high unrealized profit per Bitcoin.</p> 
<p> Read more: <a href="https://crypto.news/hive-blockchain-rebrands-to-reflect-its-ai-and-web3-push/" rel="noopener noreferrer nofollow"> HIVE Blockchain rebrands to reflect its AI and web3 push </a> </p>

Tesla and other top companies capitalize on bitcoin portfolio

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