More and more publicly traded companies are adopting bitcoin (BTC) as a key investment, with their holdings growing at an extraordinary speed. As per Bitwise Europe‘s recent findings, there are now 74 such companies that have Bitcoin on their financial records, and among these, 21 companies individually own over 1,000 BTC.
In 2024, the amount of Bitcoin owned by public companies skyrocketed by an impressive 124.8%. It started at 262,635 Bitcoin in the last quarter of 2023 and ended the year with a significant increase to 590,649 Bitcoin. As of January 6, 2025, this figure has risen even further to 591,158 Bitcoin. This upward trend highlights the growing preference for Bitcoin in corporate treasury plans.
In simple terms, MicroStrategy (MSTR), the company with the most publicly-traded Bitcoin holdings, has been making waves by buying more Bitcoin aggressively. A recent filing with the U.S. Securities and Exchange Commission (SEC) on January 6, 2025, showed that they spent approximately $101 million in cash to buy 1,070 Bitcoins between December 30-31, 2024, which equates to around $94,004 per Bitcoin. With this latest purchase, MicroStrategy now holds a total of 447,470 Bitcoins, worth roughly $27.97 billion, with an average price of $62,503 per Bitcoin.
In the recent disclosure, Saylor unveiled remarkable figures for the year 2024. The company’s Bitcoin earnings soared to an astounding 48.0% in Q4 2024 and an even more impressive 74.3% for the entire year. These numbers underscore the success of MicroStrategy’s approach to use Bitcoin as both a store of value and a growth-oriented asset.
In 2024, not only did MicroStrategy hold the most Bitcoin among all entities, but it also outshone other major global assets in terms of performance. As mentioned by Alex Thorn, Head of Research at Galaxy on X on January 2, MicroStrategy stood as the top-performing major global asset in 2024, with Bitcoin coming in third place. When assessed using the Sharpe ratio, a risk-adjusted measure, MicroStrategy again led the pack, and Bitcoin ranked third for the second time.
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2025-01-08 14:26