After dropping to $17,600 in June, and recently upswinging to $25,000 in August, many cryptocurrency experts believe Bitcoin’s “crypto winter” is over, and a new bull run could be on the horizon.
If so, these ten publicly traded companies could see their BTC portfolio values increase handsomely. Here are the publicly traded companies with the largest Bitcoin holdings as of July 2022.
*BTC portfolio values are based on its recent price of $24,000.
10 – Bitcoin Group SE (ADE.DE): This Germany-based VC firm holds 3,947 Bitcoin worth $94.7 million
9 – Coinbase Global, Inc. (COIN): Cryptocurrency exchange, Coinbase holds 4,482 BTC worth $107.5 million
8 – Riot Blockchain (RIOT): Crypto miner, Riot is holding 6,654 BTC valued at $159.7 million
7 – Hut 8 Mining Corp. (HUT): This Canadian mining firm holds 7,406 Bitcoin worth $177.7 million
6 – Block, Inc. (SQ): Jack Dorsey headed Block, inc. (formerly Square) is holding 8,027 BTC valued at $192.6 million
5 – Marathon Digital Holdings (MARA): This crypt miner has 10,055 Bitcoin worth $241.3 million
4 – Tesla (TSLA): Elon Musk’s electric car company is holding 10,725 BTC valued at $257.4 million
3 – Voyager Digital LTD. (VOYG.TO): This crypto brokerage holds 12,260 Bitcoin worth $294.2 million.
2 – Galaxy Digital Holdings (GLXY.TO): Galaxy is the largest institutional holder of Bitcoin, 16,400 BTC, valued at $393.6 million
1 – MicroStrategy Inc. (MSTR): With nearly 8X the next closest publicly traded BTC holder, MicroStrategy holds 129,699 Bitcoin worth $3.1 billion.
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