Ranking of the top 70 publicly listed companies holding Bitcoin in 2024 has been released.
Will holding Bitcoin become a future trend for publicly listed companies? According to CoinPost, over 70 publicly listed companies globally have included Bitcoin (BTC) in their corporate assets. Some companies believe that it has value-preserving and anti-inflation characteristics, making it an effective asset allocation method.
In the ranking of the top 70 publicly listed companies holding Bitcoin globally, the top eight are all U.S. listed companies.
Source: X/HODL15Capital. Over 70 publicly listed companies globally hold Bitcoin, with the top eight being U.S. listed companies.
For example, MicroStrategy in the U.S. holds 444,262 Bitcoins, far exceeding the second place, Marathon Digital (holding 44,394 Bitcoins). The company adopts an aggressive Bitcoin purchasing strategy, continuing to buy in the last seven weeks, and on December 23, spent $561 million to purchase Bitcoin, further solidifying its leading position in Bitcoin holdings.
Three publicly listed companies in Japan have also entered the ranking: MetaPlanet, Nexon (a Korean company), and Remixpoint, ranking 15th, 16th, and 36th respectively.
MetaPlanet emulates MicroStrategy's financial strategy and announced on December 18 that it will start a Bitcoin treasury business, officially incorporating Bitcoin into its asset allocation.
Nexon purchased Bitcoin as early as 2021, with its president stating that it was to protect shareholder interests and maintain the company's cash purchasing power. Remixpoint views Bitcoin as a means to cope with yen depreciation and to diversify currency value risks.
Further reading:
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Are publicly listed companies becoming more open to Bitcoin? Can Taiwan catch up?
Publicly listed companies in many countries around the world are becoming more open to Bitcoin, primarily attracted by its anti-inflation properties and long-term value.
However, there have not yet been cases of Taiwanese publicly listed companies including Bitcoin in their reserve assets. In investment options, there are some choices such as Taiwanese cryptocurrency exchanges, funds linked to digital payments or assets, and professional investors can engage in delegated trading for Bitcoin spot ETF services.
Currently, the attitude of Taiwanese companies towards Bitcoin remains cautious, possibly due to regulatory environment, investment risk considerations, and differences in corporate culture. However, some companies, like Taiwan Mobile, are making a strong entry into the market, engaging in cryptocurrency exchange business through their subsidiaries.
Further reading:
Operations may begin as soon as next year! Taiwan Mobile's exchange partners with Fubon, is cryptocurrency trading in Taiwan about to become widespread?
However, as Bitcoin's adoption rate increases globally, whether Taiwanese companies will follow international trends and gradually incorporate Bitcoin into their asset allocation to enhance anti-inflation capabilities is worth watching.
Taiwan's cryptocurrency adoption rate is only 5%. How can it continue to develop?
An analysis article from Taiwanese exchange XREX points out that Taiwan's cryptocurrency adoption rate is only about 5%, which is relatively low compared to other major global markets. Factors include insufficient trading depth in New Taiwan dollars, significant outflow of capital, and inadequate consumer rights protection.
XREX co-founder Hsiao Hui-Chung believes that to enable the healthy development of the cryptocurrency market in Taiwan, changes must start from local exchanges, in conjunction with relevant cryptocurrency regulations, allowing compliant exchanges in Taiwan to continue to develop. By providing a 'Taiwan stock trading experience', it can lower the entry barriers and enhance the overall credibility of the trading ecosystem.
As Bitcoin is gradually accepted by publicly listed companies worldwide, Taiwan should actively explore the application of cryptocurrencies in corporate financial strategies. At the same time, addressing structural issues in the local cryptocurrency trading market will help enhance Taiwan's position in the global cryptocurrency ecosystem, creating more opportunities for investors and businesses.
'Value Preservation and Anti-Inflation! Over 70 publicly listed companies globally hold Bitcoin. Will Taiwan catch up?' This article was first published in 'Crypto City'.
