The amount of Bitcoin held by publicly traded companies in spot ETFs has increased dramatically since MicroStrategy’s Bitcoin for Corporations conference in February 2021.
The amount of Bitcoin (BTC) held by private companies increased significantly in 2021 compared to the previous year.
In a tweet on Monday, on-chain analyst Willy Woo claimed that publicly traded companies that hold a lot of BTC were gaining market share from spot ETFs to gain exposure to BTC in the market.
Since the MicroStrategy Bitcoin for Corporations conference in February 2021, listed companies * that hold significant BTC have gained market share from spot ETFs ** in order to gain access to BTC exposures in public equity markets.
* MicroStrategy & Public Mining Companies
** Mainly grayscale pic.twitter.com/e18OEfgiEW– Willy Woo (@woonomic) January 2, 2022
This has received more attention since the MicroStrategy conference “Bitcoin for Corporations” on February 3rd and 4th, 2021.
MicroStrategy is a leading business intelligence company known as the BTC bull with around $ 6 billion in top cryptocurrency.
On Thursday, Saylor’s company bought an additional 1,914 BTC worth $ 94 million. The company has made over $ 2.1 billion in profits since its first Bitcoin purchase in August 2020.
Woo mapped BTC holdings in ETFs and government bonds that are publicly owned through the stock market.
Spot ETFs hold large amounts of BTC, unlike the futures market, where companies buy the transaction value through contracts on the futures market of the Chicago Mercantile Exchange.
The data shows that Grayscale, the digital currency asset management company, holds the highest market share at 645,199 BTC at the end of 2021, or 71% of the market. All spot ETFs and companies currently hold a total of 903,988 BTC.
MicroStrategy is the largest investment company, holding 124,391 BTC worth approximately $ 5.8 billion. Tesla comes in second, holding nearly 43,200 BTC worth about $ 2 billion at current prices.
In 2020, the BTC amount of publicly traded companies rose 400% in 12 months to $ 3.6 billion.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page
Author
Market
Public companies increase Bitcoin Hodl in 2021
The amount of Bitcoin held by publicly traded companies in spot ETFs has increased dramatically since MicroStrategy’s Bitcoin for Corporations conference in February 2021.
The amount of Bitcoin (BTC) held by private companies increased significantly in 2021 compared to the previous year.
In a tweet on Monday, on-chain analyst Willy Woo claimed that publicly traded companies that hold a lot of BTC were gaining market share from spot ETFs to gain exposure to BTC in the market.
Since the MicroStrategy Bitcoin for Corporations conference in February 2021, listed companies * that hold significant BTC have gained market share from spot ETFs ** in order to gain access to BTC exposures in public equity markets.
* MicroStrategy & Public Mining Companies
** Mainly grayscale pic.twitter.com/e18OEfgiEW– Willy Woo (@woonomic) January 2, 2022
This has received more attention since the MicroStrategy conference “Bitcoin for Corporations” on February 3rd and 4th, 2021.
MicroStrategy is a leading business intelligence company known as the BTC bull with around $ 6 billion in top cryptocurrency.
On Thursday, Saylor’s company bought an additional 1,914 BTC worth $ 94 million. The company has made over $ 2.1 billion in profits since its first Bitcoin purchase in August 2020.
Woo mapped BTC holdings in ETFs and government bonds that are publicly owned through the stock market.
Spot ETFs hold large amounts of BTC, unlike the futures market, where companies buy the transaction value through contracts on the futures market of the Chicago Mercantile Exchange.
The data shows that Grayscale, the digital currency asset management company, holds the highest market share at 645,199 BTC at the end of 2021, or 71% of the market. All spot ETFs and companies currently hold a total of 903,988 BTC.
MicroStrategy is the largest investment company, holding 124,391 BTC worth approximately $ 5.8 billion. Tesla comes in second, holding nearly 43,200 BTC worth about $ 2 billion at current prices.
In 2020, the BTC amount of publicly traded companies rose 400% in 12 months to $ 3.6 billion.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page
Other Posts
Related Posts
Latest
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6
Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!
Press Release
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6
