Galaxy

Bitcoin

Hive

Nexon

<div class="cryptonews"> 
 <p class="is-style-lead">Top publicly traded firms reveal their Bitcoin (BTC) <a rel="noopener noreferrer nofollow" title="portfolio" href="https://thebittimes.com/tag/portfolio.html">portfolio</a>s. MicroStrategy leads the list, showcasing the fusion of traditional finance and digital assets.</p> 
 <p>Crypto analytics website CoinGecko has analyzed the top 10 publicly traded <a rel="noopener noreferrer nofollow" title="companies" href="https://thebittimes.com/tag/companies.html">companies</a> with the largest Bitcoin <a rel="noopener noreferrer nofollow" title="portfolio" href="https://thebittimes.com/tag/portfolio.html">portfolio</a>s. 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" loading="lazy" src="https://cdn.thebittimes.com/images/2023/08/09/72dea4999696db91e571e8fa12042712.webp" 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>MicroStrategy, Inc., 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 <a rel="noopener noreferrer nofollow" title="portfolio" href="https://thebittimes.com/tag/portfolio.html">portfolio</a> 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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> MicroStrategy will buy more Bitcoins, Q2 report says 
 </div> 
 <h2 class="wp-block-heading" id="block">Block</h2> 
 <p>Block Inc., 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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Cathie Wood invests $19.9m in Jack Dorsey’s Block 
 </div> 
 <h2 class="wp-block-heading" id="galaxy-digital">Galaxy Digital</h2> 
 <p>Galaxy Digital Holdings 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> 
 <div class="cn-block-related-link"> 
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 </div> 
 <h2 class="wp-block-heading" id="tesla">Tesla</h2> 
 <p>Tesla, Inc., 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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Tesla sold none of its $321m worth of bitcoin in Q1 
 </div> 
 <h2 class="wp-block-heading" id="hut-8-mining">Hut 8 Mining</h2> 
 <p>Hut 8 Mining Corp is a prominent name in the Bitcoin mining sector and one of the largest publicly traded Bitcoin mining <a rel="noopener noreferrer nofollow" title="companies" href="https://thebittimes.com/tag/companies.html">companies</a>.</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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Hut 8 Mining mined 147 BTC in May, Bitcoin hash rate slumping 
 </div> 
 <h2 class="wp-block-heading" id="marathon-digital">Marathon Digital</h2> 
 <p>Marathon Digital Holdings 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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Marathon mined 21% less bitcoin in June partly due to bad weather in Texas 
 </div> 
 <h2 class="wp-block-heading" id="nexon">Nexon</h2> 
 <p>Nexon Co. 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>Riot Platforms, Inc., 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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Riot Platforms expands operations with 33,000 new miners 
 </div> 
 <h2 class="wp-block-heading" id="coinbase">Coinbase</h2> 
 <p>Coinbase Global, Inc., 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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Coinbase will remain in US despite regulatory uncertainty 
 </div> 
 <h2 class="wp-block-heading" id="hive">Hive</h2> 
 <p>Hive Blockchain Technologies 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> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> HIVE Blockchain rebrands to reflect its AI and web3 push 
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Tesla and other top companies capitalize on bitcoin portfolio

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