Not Just MicroStrategy, These Corporations Hodl: Top 10 Stocks With Exposure to Bitcoin
Microstrategy just bagged $177M more BTC between July 1st and August 23rd. That brings Michael Saylor’s company’s total hodlings to $5.3 billion USD worth of bitcoin. Other big corporate buyers include Tesla, Square, and Galaxy Digital Holdings.
The business intelligence company can’t get enough bitcoin. And it’s not the only extremely relevant and proactive company in the high tech or investing sector to be this incredibly bullish Bitcoin. In fact, Michael Saylor says he was one of the influences on Elon Musk that led to Tesla piling bitcoin into its balance sheet.
Here are 10 more publicly traded companies that give any investor’s stock portfolio equity exposure to bitcoin’s price growth as well as corporate innovation and enterprise in one instrument:
1. Tesla (NASDAQ: TSLA)
Tesla packed in the bitcoin heavy with a monster purchase earlier this year, putting its current holdings at some 42,902 BTC worth a whopping $2 billion in USD today. Despite some controversy along the way, the most recent filings revealed that Elon Musk’s EV giant has not sold even half of its position.
2. Galaxy Digital Holdings (OTCMKTS: BRPHF)
The institutional heavyweight hodler of bitcoin in high finance, Galaxy Digital Holdings has some 16,400 BTC worth $784 million USD today.
3. Voyager Digital Limited (OTCMKTS: VYGVF)
Voyager Digital’s 12,260 BTC worth some $586 million USD today makes a nice liquidity pool to support its digital asset exchange.
4. Square Inc (NYSE: SQ)
Fast, easy digital payments CashApp operator Square Inc was all in on bitcoin early with big buys to support custody services. After several more purchases, today it hodls 8207 BTC worth some $392 million USD today.
5. Marathon Digital Holdings (NASDAQ: MARA)
As it rapidly develops its North American mining operations, Marathon Digital Holdings is hodling some 5,784 bitcoin worth $276 million USD today.
6. Coinbase Global (NASDAQ: COIN)
Coinbase Global stock has had a rough go since its April 2021 direct listing, perhaps because of the market timing of the big bitcoin bull run and capitulation with the Coinbase listing. The company hodls 4,482 BTC or $214 million USD. Furthermore, the firm outlined plans to continue accumulating more digital assets in the near future.
7. Bitcoin Group SE (OTCMKTS: BTGGF)
Bitcoin Group SE is the Herford, Germany-based crypto venture capital company that helped create the country’s first crypto bank out of early investments in local crypto exchanges. The company has some 3,947 BTC or $188 million in USD.
8. Hut 8 Mining Corp (NASDAQ: HUT)
Hut 8 is a Canadian blockchain mining firm with a cool 3,522 bitcoin to its name. That’s worth some $168 million US dollars or $212 million Canadian dollars today. Not a bad haul, eh?
9. Riot Blockchain Stock (NASDAQ: RIOT)
With 2,243 BTC on its books, worth some USD $107 million today, after opening its bitcoin mining operation in Rockdale, Texas, Riot became the “largest publicly traded Bitcoin mining and hosting company in North America, as measured by total developed capacity.”
10. Silvergate Capital (NYSE: SI)
California-based Silvergate Capital (also known as Silvergate Bank) began providing digital services for customers years ago. In Q2 2021, it took $4.3 billion in deposits from cryptocurrency clients.
