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Publicly traded firms have now invested about $7 billion in the world’s most popular crypto.
Statistics, compiled by Bitcoin Treasuries show more than 601,000 BTC is held by companies listed on the Nasdaq, Australian Securities Exchange, Toronto Stock Exchange, London Stock Exchange, OTC Markets Group, Canadian Securities Exchange.
The 15 publicly traded companies with BTC treasuries have also gained $500 million since their respective time investing in Bitcoin.
The number one holder of this valuable crypto is Grayscale’s Bitcoin Trust, which has a BTC treasury worth about $5.17 billion. CoinShares comes a distant second holding more than $802 million in BTC.
Michael Saylor, the company’s Chief Executive, disclosed why his company chose Bitcoin as a multigenerational investment.
“I considered investing our treasury in fiat, bonds, stocks, swaps, index funds, options, real estate, commodities, precious metals, art, & intangibles before settling on Bitcoin. It seems like the ideal long-duration asset – I don’t understand why anyone would want to trade it,” Saylor said.