Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser2010)
In a previous article (Overview of the Top 25 Publicly Traded Companies by BTC Holdings, Finding the Secret to 'Coin-Stock Dual Cultivation'), we systematically reviewed the top 25 publicly traded companies by BTC holdings, where MicroStrategy (MSTR) saw its stock price surge from about $194 to nearly $500 in just about a month, an increase of around 150%. Additionally, as the BTC price broke through approximately $97,000 and set new highs, its cumulative profit from BTC holdings has now approached $15.7 billion, continuing to lead the rankings of publicly traded companies by BTC holdings profit.
Furthermore, the world-renowned tech giant Microsoft previously revealed that its shareholders have begun preliminary voting on whether the company should invest in Bitcoin, and according to NCPPR: 'If Microsoft decides not to invest in Bitcoin, subsequent price increases may expose it to shareholder lawsuits.' Given these various situations, as we previously predicted: More and more publicly traded companies will join the Bitcoin strategic reserve ranks, after all, with the acceleration of Bitcoin's mainstream process, buying BTC leads to rising stock prices, while rejecting BTC leads to weak stock prices; the choice is now clear.
Odaily Planet Daily will review and organize the top 15 publicly traded companies by BTC holdings profit in this article for investor reference. (Note: Due to business type differentiation, this ranking does not include publicly traded companies related to cryptocurrency mining. We will choose another opportunity to reorganize, and the data statistics for this analysis come from BitcoinTreasuries.Net, which may differ from publicly traded company announcement data, for reference only.)
Top 15 publicly traded companies by BTC holdings profit: MicroStrategy leads, Coinbase ranks second, Tesla ranks third.
According to information statistics from BitcoinTreasuries.Net, the list of the top 15 publicly traded companies by total profit from BTC holdings is as follows—
Top three players: Bitcoin leveraged concept stocks, first stock of a crypto exchange, new energy + Musk concept stocks.
Among them, MicroStrategy (MSTR) ranks first with a total profit of nearly $15.7 billion, of which:
BTC holding amount reaches 331,200 coins;
Total value is about $32.2 billion;
Average purchase price is $49,874;
Current stock price is $473.83;
Profit growth multiple is about 1.95 times.
Coinbase (COIN) ranks second with a total profit of $804 million, of which:
BTC holding amount is 9,480 coins;
Total value is about $920 million;
Average purchase price is $12,342;
Current stock price is $320.01;
Profit growth multiple is about 7.88 times.
Tesla (TSLA) ranks third with a total profit of $607 million, of which:
BTC holding amount is 9,720 coins;
Total value is about $945 million;
Average purchase price is $34,722;
Current stock price is $342.03;
Profit growth multiple is about 2.8 times.
High-multiplication players: German listed companies share the glory.
If the above three companies are known for their 'profit scale', then the next companies are more adept at 'multiplication growth'.
Among them, the company with an astonishing profit growth multiple of 29.6 times is a private equity and consulting company from Germany—Bitcoin Group SE. According to Yahoo Finance, it operates a digital currency trading platform for Bitcoin.de worldwide and was established in 2008 as a subsidiary of Priority AG. It is understood that the company has held Bitcoin since December 31, 2021, currently holding 3,589 BTC, with an average cost of only $3,285, and its current stock price is $68.67 (65.20 euros). The last transaction occurred at the end of June 2022, selling 179 BTC at $20,109, after which its holdings remained unchanged.
Coincidentally, another company with a profit growth multiple of 10.98 times is also from Germany—Advanced Bitcoin Technologies AG. According to Yahoo Finance, this is a software company established in 2015, mainly developing cryptocurrency and artificial intelligence software products in the fintech sector and also providing cryptocurrency payment services. It is understood that its BTC holdings are 242.2 coins, with a total value of $23.55 million, but its average purchase price is only $8,853. Meanwhile, its stock price is only $0.20 (0.19 euros).
Hong Kong stock twin stars: Boya Interactive and Meitu.
For Hong Kong-listed companies, game company Boya Interactive (0434) and internet company Meitu (1357) successfully made the list with 1,100 BTC and 940.9 BTC, respectively.
Among them, the former's average BTC purchase price is $41,790, with cumulative profits reaching $60.99 million, and the stock price is $0.55 (HKD 4.25);
The latter's average BTC purchase price is $52,609, with cumulative profits reaching $41.99 million, and the stock price is $0.42 (HKD 3.24).
Of course, the above are just statistics from BitcoinTreasuries.Net. Previously, according to an official announcement from Boya Interactive, as of November 12, it held 2,641 BTC, with a total holding cost of about $142,722,654, and an average cost of about $54,027 per BTC. Based on this data, its cumulative profit has already reached $113 million. Moreover, the founder of Meitu, Cai Wensheng, is also a well-known Bitcoin whale, and the company's actual BTC holdings should be more than that.
The biggest beneficiary of following the 'BTC strategic reserve': Japanese listed company Metaplanet.
In a previous article (Overview of the Top 25 Publicly Traded Companies by BTC Holdings, Finding the Secret to 'Coin-Stock Dual Cultivation'), 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 has risen by as much as 468%, when its stock price was only $7.50; today, a month later, its BTC holding has increased from 861.4 coins to 1,142 coins, and its stock price has skyrocketed to $16.54, an increase of over 220%, making it another example of a 'BTC leveraged concept stock'. Meanwhile, despite its average purchase price being $65,972, its cumulative profit still amounts to $35.71 million, ranking 11th.
Followers rush in: U.S. listed companies flock to join the 'BTC strategic reserve' ranks.
Yesterday, MicroStrategy (MSTR) successfully entered the list of the top 100 publicly traded companies in the United States, ranking 97th, thanks to soaring stock prices. On Tuesday, its stock price surged by 12%, breaking the $400 mark, with a closing price of $430, jumping 29 positions in the rankings, and its stock price has increased by over 500% this year.
Previously, according to reliable statistics, more than 60 publicly traded companies have adopted a Bitcoin strategy, and thousands of private companies are following suit.
Overview of leading publicly traded companies executing BTC strategies.
Meanwhile, as we entered November, with Trump successfully elected as the 47th president of the United States, the crypto market surged under favorable stimuli, just as the gradual introduction of custodial exchanges, publicly listed trusts, futures, and spot ETFs welcomed a new type of capital allocator, a new class of Bitcoin investors also emerged in large numbers, marking the arrival of another peak for Bitcoin products this month: corporate leverage: four publicly traded companies—MicroStrategy, MARA Holdings, Semler Scientific, and MetaPlanet—added billions of dollars in collective debt to their balance sheets to purchase Bitcoin.
Naturally, the addition of endless 'strategic followers' follows—
On November 19, U.S. listed company Genius Group Limited (GNS) announced it had spent $10 million to buy 110 BTC at an average price of $90,932, marking 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 committed to holding 90% or more of existing and future reserves in Bitcoin, with an initial goal of holding $120 million in Bitcoin;
On the same day, a niche e-commerce platform focused on the spirits and beverage industry, U.S. listed company LQR House Inc. (LQR), announced that its board has approved the purchase of $1 million worth of Bitcoin as part of its capital management strategy. Additionally, the company will now accept cryptocurrency payments on CWSpirits.com, allowing customers to flexibly use digital currency to purchase alcoholic beverages. As part of this plan, LQR House has adopted a policy to retain up to $10 million in crypto payments in Bitcoin.
On November 20, the board of directors of U.S. listed biopharmaceutical company Acurx Pharmaceuticals (ACXP) approved the purchase of $1 million worth of Bitcoin as reserve assets; on the same day, another U.S. listed company Hoth Therapeutics (HOTH) announced its board approved the purchase of up to $1 million worth of Bitcoin, with CEO Robb Knie stating, 'We believe that Bitcoin's anti-inflation properties may make it a reliable asset with value storage capabilities.'
It is evident that many publicly traded companies have fully recognized the value storage function and stock price boosting effect of BTC, and have joined this 'BTC strategic reserve competition'.
Conclusion: Buy BTC or miss BTC? That's the question.
In 2022, the market experienced a series of black swan and explosive events, leading to a temporary lull. During this time, MicroStrategy CEO Michael Saylor continued to buy BTC, while another national-level BTC strategic reserve decision-maker, Salvadoran President Nayib Bukele, was ridiculed by many as 'the hidden dragon and crouching tiger'. Now, as the BTC price approaches the $100,000 mark, it is undoubtedly true that buying BTC has made both of them 'brilliant'.
Now, for market retail investors and publicly traded companies yet to buy BTC, the choice before them is similar: whether to buy stocks of companies that have established BTC reserves vs. whether to solidify BTC prices amidst fluctuations and miss out on opportunities to boost stock prices through BTC strategic reserves?
To survive or to perish, in investment terms, this indeed is a question.
