Sun. Feb 25th, 2024

Investing in bitcoin is no longer just a fade, but a long-term trading strategy. In recent years, bitcoin and cryptocurrencies as a whole have emerged as an alternative to the stock market. They are not simply creating news, but creating wealth. Although there are people like the technology giant Elon Musk, which owns massive bitcoin reserves, the reserves of large corporate companies far outnumber them. Let’s take a look at the top 10 companies with the largest bitcoin cache.

No. 10

Bitcoin Group SE: is a Germany-based investment firm that provides venture capital to organizations with an emphasis on information technology. It was founded in 2008. It is estimated that they can hold more than $50 million worth of BTC.

No. 9

Riot Blockchain, Inc.– is a proof-of-work bitcoin mining and digital infrastructure company based in the US. It became operational in 2018. Jason Les is its CEO. he currently owns 6,755 BTC, which amounts to $128,980,384.

No. 8

Block, Inc.: It was established by the founder of Twitter, Jack Dorsey, and the director of the Federal Reserve Bank of St. Louis, Jim McKelvey. It was previously known as Square Inc. It is primarily a payment platform. As of today, he owns 8,027 BTC, which is equivalent to $152,815,578.

No. 7

Hut 8 Mining Corp: is a Toronto-based Bitcoining mining company that started in 2011. With Shane Downey as the CEO, it currently has a cache of 8,811 BTC, amounting to $167,741,131.

No. 6

Coinbase Global, Inc.– is a US-based cryptocurrency exchange platform. It was established in 2012 by Brian Armstrong, who also serves as its CEO. Today he has 9,000 BTC, which amounts to $171,399,255.

No. 5

Marathon Digital Holdings, Inc.: Founded in 2010, originally as a patent company, Marathon Digital Holdings transformed in 2021 into a bitcoin mining company. They are now focused on the creation of digital assets and the blockchain ecosystem. They currently hold a whopping 10,311 BTC, which comes to $196,297,673.

No. 4

Tesla, Inc.: The famous giant of electric vehicles, founded in 2003 by the richest man in the world, Elon Musk, Tesla, owns 10,725 BTC. It amounts to $204,179,279.

No. 3

Voyager Digital LTD: It is a cryptocurrency mining platform founded in 2018. It is based in the US. Stephen Ehrlich is its CEO. They currently own 12,260 BTV, amounting to $233,402,141.

No. 2

Galaxy Digital Holdings: Founded in 2018 in the US by Mike Novogratz, Galaxy Digital Holdings is a pioneer in digital assets and blockchain. They also offer financial and investment management services. Novogratz also serves as its CEO. He currently has a massive amount of 40,000 BTC. They value $761,507,800.

No. 1

MicroStrategy: is a US-based software company that was established in 1989 by Michael Salyor and Sanju Bansal. Salyor remains its chairman, while Phong Le is its CEO. He currently has the most BTC, 130,000, which is $2,474,900,350.
Satoshi Nakamoto, the group or individual that developed bitcoin in 2010, owns the most bitcoins, between 750,000 and 1,100,000 BTC. Its value is estimated at more than $73 billion.

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By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on wttspod.com for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.