Author | Wenser Odaily Planet Daily.
In a previous article (Overview of the Top 25 publicly listed companies' BTC holdings, seeking the secret to 'dual cultivation of coins and stocks'), we systematically sorted the top 25 publicly listed companies by BTC holdings, among which MicroStrategy (MSTR) saw its stock price soar from about 194 USD to nearly 500 USD in just about a month, an increase of approximately 150%. Furthermore, as the price of BTC broke through 97,000 USD and hit new highs, its cumulative profit from BTC holdings is now close to 15.7 billion USD, continuing to lead the list of publicly listed companies by BTC holding profits.
Moreover, the world-renowned tech giant Microsoft previously revealed that its shareholders have started preliminary voting on whether the company should invest in Bitcoin, and according to NCPPR sources: 'If Microsoft decides not to invest in Bitcoin, subsequent price increases may expose it to shareholder lawsuits'. Given various circumstances, it is just as we previously predicted: more and more publicly listed companies will join the ranks of Bitcoin strategic reserves. After all, in the increasingly accelerated process of Bitcoin mainstreaming, buying BTC leads to stock price increases, while refusing BTC leads to stock price weaknesses; the choice is already clear.
Odaily Planet Daily will review and summarize the top 15 listed companies by BTC holding profits in this article for investors' reference. (Note: For the sake of distinguishing business types, this ranking does not include publicly listed cryptocurrency mining companies. We will conduct another review at a suitable time, and the statistical data in this article comes from BitcoinTreasuries.Net, which may differ from the public announcements of listed companies, for reference only.)
Overview of the Top 15 listed companies' BTC holding profits: MicroStrategy leads, Coinbase ranks second, Tesla is in third place.
According to information statistics from the BitcoinTreasuries.Net website, the list of the top 15 listed companies by total BTC holding profits is as follows -
The top three contestants: Bitcoin leverage concept stocks, the first stock of cryptocurrency exchanges, and new energy + Musk concept stocks.
Among them, MicroStrategy (MSTR) ranks first with a total profit close to 15.7 billion USD, of which:
The BTC holding amount is as high as 331,200 BTC;
The total value is approximately 32.2 billion USD;
The average purchase price is 49,874 USD;
The current stock price is 473.83 USD;
The profit growth multiplier is approximately 1.95 times.
Coinbase (COIN) ranks second with a total profit of 804 million USD, of which:
The BTC holding amount is 9,480 BTC;
The total value is approximately 920 million USD;
The average purchase price is 12,342 USD;
The current stock price is 320.01 USD;
The profit growth multiplier is approximately 7.88 times.
Tesla (TSLA) ranks third with a total profit of 607 million USD, of which:
The BTC holding amount is 9,720 BTC;
The total value is approximately 945 million USD;
The average purchase price is 34,722 USD;
The current stock price is 342.03 USD;
The profit growth multiplier is approximately 2.8 times.
High multiplier players: German listed companies share the spotlight.
If the above three companies are known for their 'profit scale', then the following companies are better at 'multiplicative growth'.
Among them, the company with a stunning profit growth multiplier of 29.6 times is a private equity and consulting company from Germany, Bitcoin Group SE. According to Yahoo Finance, it operates a trading platform for cryptocurrencies under Bitcoin.de globally and was established in 2008 as a subsidiary of Priority AG. The company has been holding Bitcoin since December 31, 2021, currently holding 3,589 BTC, with an average cost of only 3,285 USD. The current stock price is 68.67 USD (65.20 EUR), and the last transaction occurred at the end of June 2022, selling 179 BTC at 20,109 USD, after which its holdings remained unchanged.
Coincidentally, another company with a profit growth multiplier of 10.98 times is also from Germany - Advanced Bitcoin Technologies AG. According to Yahoo Finance, this is a software company established in 2015 that mainly develops cryptocurrency and artificial intelligence software products in the fintech field and also provides cryptocurrency payment services. It is understood that its BTC holdings are 242.2 BTC, with a total value of 23.55 million USD, but its average purchase price is only 8,853 USD. Meanwhile, its stock price is only 0.20 USD (0.19 EUR).
Hong Kong's twin stars: Boya Interactive and Meitu.
For Hong Kong listed companies, the gaming company Boya Interactive (0434) and the internet company Meitu (1357) successfully made the list with 1,100 BTC and 940.9 BTC respectively.
Among them, the former's average purchase price for BTC is 41,790 USD, with a cumulative profit reaching 60.99 million USD, and the stock price is 0.55 USD (4.25 HKD);
The latter's average purchase price for BTC is 52,609 USD, with a cumulative profit reaching 41.99 million USD, and the stock price is 0.42 USD (3.24 HKD).
Of course, the above is only the statistical data from BitcoinTreasuries.Net. Previously, according to an official announcement from Boya Interactive, as of November 12, it had held 2,641 bitcoins, with a total holding cost of approximately 142,722,654 USD, with an average cost of about 54,027 USD per BTC. Based on this data, its cumulative profit has already reached 113 million USD. Moreover, the founder of Meitu, Cai Wensheng, is a well-known Bitcoin whale, and the actual BTC holdings of the company should be considerably more.
The biggest beneficiary of following the 'BTC strategic reserve': Japanese listed company Metaplanet.
In a previous article (Overview of the Top 25 publicly listed companies' BTC holdings, seeking the secret to 'dual cultivation of coins and stocks'), we mentioned that the Japanese listed company Metaplanet (3350.T) is a follower of the 'MicroStrategy BTC strategic reserve' and also the biggest beneficiary: since it started buying BTC, its stock price had previously surged by as much as 468%, while at that time its stock price was only 7.50 USD; a month later, its BTC holdings have increased from 861.4 to 1142, and its stock price has skyrocketed to 16.54 USD, an increase of over 220%, making it yet another example of a 'BTC leverage concept stock'. Meanwhile, despite its average purchase price being 65,972 USD, its cumulative profit still reached 35.71 million USD, ranking 11th.
Followers are eagerly joining: U.S. listed companies are flocking to enter the ranks of 'BTC strategic reserves'.
Yesterday, MicroStrategy (MSTR) successfully entered the top 100 publicly listed companies in the U.S., ranking 97th due to its soaring stock price. On Tuesday, its stock price surged by 12%, breaking through the 400 USD mark, with a closing price as high as 430 USD, rising 29 places, and its stock price has increased by over 500% this year.
Previously, reliable sources reported that over 60 publicly listed companies have adopted a Bitcoin strategy, and thousands of private companies are following suit.
Overview of leading listed companies executing BTC strategies.
Meanwhile, as November approached, with Trump successfully elected as the 47th president of the United States, the crypto market surged amid favorable stimuli. Just as the gradual rollout of custodial exchanges, publicly listed trusts, futures, and spot ETFs ushered in a new type of capital allocator, a new class of Bitcoin investors also emerged in large numbers. This also means that this month welcomed another peak of Bitcoin products: corporate leverage: MicroStrategy, MARA Holdings, Semler Scientific, and MetaPlanet have collectively increased billions of dollars in debt on their balance sheets to purchase Bitcoin.
Naturally, this has brought a continuous influx of 'strategic followers'.
On November 19, the U.S. listed company Genius Group Limited (GNS) announced that it had invested 10 million USD to purchase 110 BTC at an average price of 90,932 USD. This purchase marks the company's official establishment of a Bitcoin reserve. This purchase follows the company's announcement of a 'Bitcoin first' strategy on November 12, which commits to holding 90% or more of existing and future reserves in Bitcoin, with an initial goal of holding 120 million USD worth of Bitcoin.
On the same day, LQR House Inc. (LQR), a niche e-commerce platform focused on spirits and beverages, announced that its board had approved the purchase of 1 million USD worth of Bitcoin as part of its asset management strategy. Additionally, the company will now accept cryptocurrency payments on CWSpirits.com, allowing customers to flexibly use digital currencies to purchase alcoholic beverages. As part of this plan, LQR House has implemented a policy to hold up to 10 million USD in cryptocurrency payments as Bitcoin.
On November 20, the U.S. listed biopharmaceutical company Acurx Pharmaceuticals (ACXP) board approved the purchase of 1 million USD worth of Bitcoin as reserve assets; on the same day, another U.S. listed company Hoth Therapeutics (HOTH) announced that its board approved the purchase of up to 1 million USD worth of Bitcoin, with its CEO Robb Knie even stating: 'We believe that Bitcoin's anti-inflation characteristics may make it a reliable asset with value storage functions.'
It is clear that many listed companies have fully recognized the value storage function of BTC and its stock price boosting effect, and have joined this 'BTC strategic reserve competition'.
Conclusion: Should you buy BTC or miss out on BTC? This is a question.
In 2022, the market experienced a series of black swan and explosion events that once plunged into a state of silence. At that time, MicroStrategy CEO Michael Saylor continued to buy BTC, while another national-level BTC strategic reserve decision-maker, Salvadoran President Nayib Bukele, was mocked by many as 'a sleeping dragon and a phoenix chick'. Now, as the price of BTC approaches the 100,000 USD mark, it is undoubtedly true that buying BTC has made both of them 'shine together.'
Now, for market retail investors and publicly listed companies that have not yet bought BTC, the choices before them are similar: whether to buy shares of publicly listed companies that have already established BTC reserves vs. whether to watch BTC prices fluctuate and miss the opportunity to boost stock prices through BTC strategic reserves.
To live or to die, this is indeed a question in investment terms.
