Bitcoin is currently the most sought-after digital asset. The price of btc breaks 25 K dollar. Many big players who used to be uninterested in bitcoin have started to look to this asset. Facebook, a social media giant, prefers to make its own coins, but some large companies prefer to buy bitcoin assets or accept bitcoin as payment. The following are large companies that have spent a lot of money buying bitcoin.
3,5 Billion USD marketcap. Bitcoin is free asset that everyone can hold. No back up companies behind bitcoin. That is amazong store value of bitcoin. More billionares plunge into cryptocurrency and buy bitcoin. It's no wonder why companies pour money into buying bitcoins.
Here are some companies that put their million usd asset on bitcoin,
1.GrayScales Bitcoin Trust
The asset value of bitcoin is 546,544 BTC or about 10.5 billion USD. The value covers 2.6 % of bitcoin circulating supply.
2.Block.one
Block one is a big player in cryptocurrency. Block one bitcoin holding is about 140,000 BTC. The value is USD is about $ 2.69 Billion. It covers about 0.66 % of bitcoin marketcap.
3.Coinshares / XBT Provider
The company owns about 69,730 BTC. The value of asset today is around 1.34 Billion USD. The shares of holding is around 0.33%.Microstrategy
MicroStrategy Incorporated is a company that provides business intelligence, mobile software, and cloud-based services. Founded in 1989 by Michael J. Saylor and Sanju Bansal.
The Virginia-based company is offering $550 million worth of five-year senior convertible unsecured notes to investors and plans to use the offering’s proceeds to buy more Bitcoin.
https://www.investopedia.com/microstrategy-which-purchased-bitcoin-last-quarter-is-raising-money-to-buy-more-5091589
That is a huge investment on bitcoin. Microstategy bitcoin holding is about 40,824 BTC. Bitcoin price is expected to continue to rise. With many large companies buying bitcoin, they indirectly back up the price of bitcoin with the value of the assets they own. The asset value of in USD is about 785 million or about 0.19 %.
5.The Tezos Foundation
Tezos with LEDGER wallet for its product, has put large investment on bitcoin. The company has about 24,808 BTC. It takes 0.11 % shares and the value is about $ 477 million.
Source : https://bitcointreasuries.org/dark.html
Those are 5 giant companies that put large investment to buy bitcoin. Bitcoin price is bullish to 20 K in the end of 2020. Why those companies take a risk to invest in bitcoin? They have calculated the risk. 2021 will be the year of cryptocurrency since Dow Jones will index cryptocurrency including bitcoin.
# BTC HIT $ 25,000
The price of bitcoin is over 25 k dollars. This is very extraordinary. 2020, is the year when bitcoin and crypto assets become investment choices due to the prolonged covid crisis. Will btc price surge to 30 K dollar? Many investors still see the rise of btc price until the end of 2020. It makes sense that some big companies put their money on bitcoin because they gain a lot of profit just for holding the asset. Short term profit of holding when btc hit 30 K dollar, investors can sell the coin. However, there are more companies and holders take bitcoi as a long term investment asset. 100 K dollar / btc may be possible to gain higher profit so bitcoin becomes a long term saving asset.
