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Explore their reasons and strategies for buying and holding Bitcoin and their investments
Several public corporations are following suit and making investments in the top cryptocurrency as Bitcoin grows in popularity as an investment choice. This tendency will only continue to develop when more businesses add Bitcoin to their balance sheets in 2023.
The top 10 public companies with the biggest Bitcoin portfolios are listed below. Let's look deeper at who leads the way into the crypto arena, from well-known household names to lesser-known individuals.
1. MicroStrategy Inc: A staggering 129,699 BTC are currently held in the portfolio of list leader MicroStrategy. Michael Saylor, the CEO of the business, has been a strong supporter of Bitcoin, even going so far as to convert the entirety of MicroStrategy's treasury into Bitcoin. The company's investment had an initial value of US$3.975 billion, but its holdings now only have a value of US$2.905 billion, a considerable decline in value. Yet, Saylor is still upbeat about Bitcoin's long-term prospects and is sure the investment will be profitable.
2. Marathon Digital Holdings: Marathon is a cryptocurrency mining corporation with a market cap of US$225 million today and 10,054 BTC with an entry value of US$150 million.
3. Coinbase Global Inc: Coinbase, one of the biggest cryptocurrency exchanges in the world, is no stranger to the Bitcoin community. With an entrance value of US$173.7 million and a current worth of US$201.6 million, the corporation currently has 9,000 BTC.
4. Square Inc: The corporation that provides financial services and mobile payments presently has 8,027 BTC with an entry value of US$220 million and a current value of US$179.8 million. When compared to the other corporations on our list, Square's investment in Bitcoin is modest, like Coinbase's, but it is obvious that the company sees potential in the cryptocurrency market.
5. Hut 8 Mining Corp: Hut 8 is another cryptocurrency mining business that has diversified its holdings by buying Bitcoin. 7 078 Bitcoin, worth US$158.5 million at the moment, are held by the corporation.
6. Hive Blockchain: A cryptocurrency mining business called Hive Blockchain operates in Sweden and Canada. With a current worth of US$69.2 million, the corporation now possesses 3,091 Bitcoin.
7. NEXON Co Ltd: Japanese video game developer NEXON has been in business since 1994. The company has 1,717 Bitcoin worth US$38,458,825 on the market as of the time of writing. A component of NEXON's diversification plan, including stakes in other non-gaming industries, is its investment in Bitcoin.
8. Voyager Digital LTD: A Canadian cryptocurrency dealer named Voyager filed for Chapter 11 bankruptcy. The company's holdings of 1,239 BTC, valued at US$27,752,175 at the time of writing in March 2023.
9. Aker ASA: An industrial investment firm founded in Norway called Aker ASA has been in business since 1841. The corporation possesses 1,170 Bitcoins through its subsidiary, currently valued at US$26,206,654 at market rates.
10. Meitu: Meitu is a Chinese technology startup that creates software for mobile devices to handle images and videos. The corporation held 940 BTC as of March 2023, which, at the going rate of the market, is worth US$21,074,406.