Over$6.7 billion of Bitcoin is now held by public companies, including US software giant MicroStrategy; asset manager Galaxy Digital, and Jack Dorsey’s payment processing platform, Square, according to Bitcoin Treasuries. This amount includes some companies holding the Bitcoin on behalf of their investors, like asset manager Grayscale Investments.
The sum rose in recent weeks, with new investments from Microstrategy andSquare. The trend signals increasing interest in Bitcoin as a store of value, and a hedge duringeconomic uncertainty—by publicly-traded companies as well as individual investors.
Currently, with 38,250 BTC ($425 million,) Microstrategy holds more Bitcoin than any other publicly traded investor, aside from Grayscale.
Microstrategy’s holdings also mean that the company’s shareholders—who include BlackRock, Vanguard, and Norway's Oil Fund—are now indirectly exposed to millions in Bitcoin.
Every Norwegian now owns some Bitcoin—albeit indirectly and a tiny amount.
This is because the Norwegian government's pension fund holds a 2% stake in US software company, MicroStrategy, and MicroStrategy just bought a lot of Bitcoin (around $425 million.) So, every Norwegian citizen now indirectly owns $1.72 of the cryptocurrency—without even knowing it.
Norway’s government owns the so-called "Oil Fund," which with $1 trillion in assets is the world’s largest sovereign wealth fund.
The stat...
Not only that, but the investment also means every citizen in Norway nowindirectly owns some Bitcoin, as the country’s government holds a two-percent stake in the corporation.
Bitcoin Treasuries provides a list of the publicly traded companies that are holding Bitcoin. It shows that a total of 13 entities hold 2.85% of the total supply of Bitcoin.
Publicly traded companies that own Bitcoin. Image: Bitcointreasuries.
Square is the most recent entry on the list. Owner Jack Dorsey, a long-time advocate for the cryptocurrency, last week announced that his company had acquired $50 million in Bitcoin.
"More important than Square investing $50mm in #Bitcoin is sharing how we did it (so others can do the same)," Dorsey tweeted, with a link to Square's investmentwhitepaper.
1. Grayscale Investment Trust
Contrary to popular belief, Grayscale owns 0 Bitcoin. The actual clients of this fund are the real buyers of them.
Grayscale is a portfolio management service, all they do is trade on behalf of their clients, and then charge insanely high fees. pic.twitter.com/JktgeHu1jq
In recent months, Bitcoin investment by digital asset management firm Grayscale has grabbed headlines. But, while the company is publicly traded, its clients are the real buyers of the BTC.
But the impressive $5 billion the company holds in Bitcoin is still included in the calculation on the Bitcoin Treasuries website—albeit below a dividing line—alongside other asset managers such as Coinshares.
Looking at the bigger picture all bar one of the publicly traded firms holding Bitcoin have seen the value of their investment rise, at least at current prices.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Vice President JD Vance is set to headline the world's biggest Bitcoin conference, one year after President Donald Trump spoke at the event.
Bitcoin 2025's organizers announced the news Friday, noting that it would be the first time a vice president has ever headlined a crypto event to make public support of Bitcoin. A source familiar with the vice president's schedule confirmed to Decrypt that he will speak at the conference.
Last year, President Trump spoke at July's Bitcoin 2024 conference i...
Wellgistics Health, a publicly traded healthcare infrastructure firm, plans to accept payments in XRP and will add Ripple Labs’ token to its corporate treasury—aligning the business with a growing list of publicly traded companies that have embraced digital assets in the U.S.
Tampa-based Wellgistics plans to adopt XRP for payments infrastructure that will connect manufacturers directly to pharmacies, the company said Thursday in a statement. The firm's blockchain-powered platform, which is stil...
Bitcoin is coming to the drive-thru.
American fast food chain Steak ‘n Shake said Thursday it will begin accepting the world’s largest crypto at all of its U.S. locations starting May 16, giving its more than 100 million customers the option to pay for milkshakes and burgers in BTC.
“The movement is just beginning,” the company posted on X.
Unlike high-margin retailers, fast food chains run on thin margins and high volume, making Steak ‘n Shake’s Bitcoin rollout a real-world stress test for the...
