Check out the 5 companies in the world with the highest number of Bitcoin

By 2021, some companies make headlines for making significant BTC purchases. Interestingly, of the 5 companies that have the most BTC, only two are in the cryptocurrency market.

According to data from Buy BTC Worldwide, before, the biggest whales in the crypto market were early adopters, that is, pioneer investors. Now there are also big US companies. Check out:

Block.one

Headquartered in Hong Kong, Block.one, also known as “B1”, is the most BTC-owning company in the world. The company is registered in the Cayman Islands and has 140,000 BTC in its possession.

So, to safeguard long-term value, Block.one appears to rely more on BTC than on its own EOS cryptocurrency, which gave rise to the company.

Brendan Blumer, co-founder and CEO of Block.one, said in December 2020 that the company already had 140,000 BTC stored. This shows that they haven’t sold anything since.

On the other hand, with regard to its EOS funds, the company behaves differently. A month ago, it announced that it had sold 45 million EOS, equivalent to nearly $210 million.

MicroStrategy

In second place is MicroStrategy which has a total of 122,478 BTC, equivalent to $6.12 billion. It is the publicly traded company with the most Bitcoins. Its cryptocurrency funds represent 0.583% of the total BTC supply.

Originating in the USA and founded in 1989, this company offers analytical data processing software. Its CEO, Michael Saylor, has stood out in the crypto community for being a big BTC enthusiast.

He has already recommended using the BTC in the economy instead of dollars or any other fiat currency, especially in hyperinflationary countries like Venezuela.

Tesla

Far behind in investment volume, Tesla is in third place with a total share of 42,902 BTC, which equates to $2 billion.

This number is less than 65% of what MicroStrategy has and represents 0.204% of the total supply.

Founded in 2003, the company manufactures electric cars and other components such as sunroofs. In 2010, it was listed on the Nasdaq stock exchange under the code TSLA.

His first contact with BTC was in January 2021, when he announced that he had purchased the cryptocurrency. At the time, Elon Musk, Tesla’s CEO, put the word “BTC” in his Twitter biography, showing his support for cryptocurrency.

However, at the end of the first quarter of the year, Tesla sold 10% of its Bitcoins to “test liquidity”. In other words, it tests the exchange of BTC for fiat currency, according to the company.

The sale allowed for a profit of US$ 272 million. Since then, the company has held the rest of its funds in cryptocurrency.

Tezos Foundation

Along with Block.com, The Tezos Foundation is second among the top five non-US companies and is also non-publicly traded.

The Swiss company has 17,500 BTC, or more than $852 million accumulated in cryptocurrency. This represents 0.083% of the total BTC offer.

Another similarity to Block.com is that Tezos also has a blockchain, where its cryptocurrency, the XTZ, works.

Roman Schnider, the organization’s chief financial officer, said in March 2020 that while he saw BTC as an “important store of value,” his strategy was to reinvest in other assets as well.

That’s why, in recent years, the Tezos Foundation has been selling its BTCs to make a profit and buy other assets like XTZ.

Galaxy Digital Holdings

Finally, in fifth place, is Galaxy Digital Holdings, which has 16,400 BTC. The volume is valued at US$ 820 million, which is equivalent to 0.078% of the total BTC offer.

This company stands out for being the only one on this list that is from the United States with a business directly dedicated to the cryptocurrency ecosystem.

Founded in 2006, Galaxy Digital Holdings is a cryptocurrency investment management and financial services company.