North American Companies ๐ Own a Lot of Bitcoin
Overview ๐
What's on display ๐
The Bitcoin holdings of publicly traded companies, sourced from CoinGecko (as of Feb 20, 2024).
MicroStrategy at #1 ๐ผ
Leading the pack is MicroStrategy, an enterprise software company specializing in IT and data analytics. They entered the Bitcoin market in the early days of the COVID-19 outbreak and currently possess over 174,530 Bitcoins valued at around $9B.
Tesla at #4 ๐
In early 2021, Tesla made headlines by investing $1.5B in Bitcoin, acquiring approximately 43,000 tokens. While initially planning to accept Bitcoin as payment for its vehicles, the company later reversed its decision. It's been reported that Tesla offloaded a significant portion of its Bitcoin holdings between 2021 and 2022.
