Copy link
Increase text size
Decrease text size
Link copied

$30B in Bitcoin (BTC) being held as a reserve asset by 29 companies

More than 1.1 million BTC is now held as a reserve asset by various firms.

Image by Sharad Jadvani from Pixabay

Wed, 30 Dec 2020, 14:57 pm UTC

The number of companies holding Bitcoin’s (BTC) as part of their reserve assets has been increasing lately. A recent report revealed that these companies collectively hold a massive stash of the crypto worth more than $30 billion.

More than 1.1 million Bitcoin are now being held by a myriad of companies, according to With BTC’s recent rally where it broke past previous records and even briefly traded past $28,500, the massive stash of crypto reserves is now worth over $30 billion.

Well-known firms started buying massive amounts of BTC after Microstrategy purchased $250 million of Bitcoin back in August. The ranks of BTC-owning companies increased since then and there are now 29 firms that are holding the cryptocurrency as a reserve, as compiled by’s list of Bitcoin-owning companies is divided into publicly traded, private, and ETF-like holders. There are 15 publicly traded companies included in the list which collectively own 100,003 BTCs.

Microstrategy Inc. tops the publicly traded firm category with its 70,470 BTC worth around $1.9 billion. Galaxy Digital Holdings comes in second place with 16,651 BTC worth $48 million while Square Inc. is at third place with 4,709 BTC worth $127 million.

The other 12 publicly traded Bitcoin-owning firms include Hut 8 Mining Corp, Voyager Digital LTD, Riot Blockchain, Inc., Bit Digital, Inc., Coin Citadel Inc., Advanced Bitcoin Technologies AG, Digitalx, Hive Blockchain, Cypherpunk Holdings Inc., Bigg Digital Assets Inc., Argo Blockchain, and Frmo Corp.

There are only four firms listed in the private companies section. They are Mtgox k.k. (141,868 BTC), (140,000 BTC), Tezos Foundation (24,808 BTC), and Stone Ridge Holdings Group (10,886 BTC). The four companies hold 317,383 BTC in total, which is more than three times the amount of Bitcoin held by the 15 publicly traded firms.

Meanwhile, there are nine companies listed under the ETF-like category. Grayscale Bitcoin Trust is the largest Bitcoin holder in this category with its 572,644 BTC worth $15.4 billion followed by Coinshares at the second spot with 69,730 BTC worth $1.8 billion, and Ruffer Investment at the third place with 45,000 BTC worth $1 billion.

The other six Bitcoin-owning ETF-like firms are 3iq The Bitcoin Fund, Grayscale Digital Large Cap, Bitwise 10 Crypto Index Fund, WisdomTree Bitcoin, 21shares AG, and ETC Group Bitcoin ETP. The nine firms under this category hold 734,232 BTC.’s list is not complete as it does not include lesser-known firms that swapped traditional assets in their treasuries in favor of Bitcoin. For instance, the Canada-based restaurant chain Tahini decided to convert its reserve cash to BTC.

“We, as a company, decided to store all of our excess cash reserves into #bitcoin as it offers a much better alternative to saving cash,” Tahini owner Omar Hamam said. “We will continue to do that over the coming years and maybe forever if we don't have a need for the fiat.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Karenalvarado21
  • 2021.04.21 13:58:36
Is there a way out for victims of scam? It took me months to find one. Let me briefly explain how. You see, most of these recovery websites put up fake remote addresses on their websites. I lost a lot of money so i was only for a recovery firm around me so i could confirm their office before releasing information to them. They had the most patient experts. They answered all my questions and i immediately knew i was going to work with them. 60 hours after i committed to them, I got what i lost back. Send them a mail on
Support @ recoverytemple . tech.
  • 0
  • ·
  • 0
  • lanm
  • 2021.01.07 11:50:48
Its been amazing trading with liam sophia, someone with great skills,knowledge and transparency about trading at uncertain time like this,I have been keeping up with full profits and easy withdrawal with no complain, you can also contact her if you need help on how to recover your lost funds from scam brokers feel free to contact her today via; [email protected] or you can also message her on WhatsApp +1 (814) 503-0528.
  • 0
  • ·
  • 0
  • silvastone
  • 2021.01.02 02:42:58
It's very painful when I see people complaining of getting their investments lost when investing in binary option trading, the purpose of investing is to gain profit but it become painful when you lose your investment, I know how it feels like, when you lose your funds while trying to make profits but I was able to get back all my funds through a recovery Specialist and with her trading experience and recovery Expertise i was able to to get back my lost funds and made a lot more profits while investing, if you ever lost hope on Binary investment or you lost your funds while investment it only Best you Contact her today via email on [email protected] Org or whatsapp on +14253121045
  • 0
  • ·
  • 0
  • Bitcoin (btc) $56,786.00 (+4.04%)
  • Ethereum (eth) $3,428.87 (+4.37%)
  • Binance Coin (bnb) $640.02 (+1.59%)
  • Dogecoin (doge) $0.616332 (-9.01%)
  • XRP (xrp) $1.65 (+15.01%)
  • Bitcoin (btc) $56,786.00 (+4.04%)
May 6, 2021 (Thursday)
Crypto Market Sentiment On May 06: Market In "Greed"
May 5, 2021 (Wednesday)
BTC Surges by 1.0% Within 5 Mins, Marking 55,805.6 USDT
May 4, 2021 (Tuesday)
BTC Drops by 1.01% Within 5 Mins, Marking 53,401.81 USDT
BTC Surges by 1.02% Within 5 Mins, Marking 54,642.47 USDT
BTC Drops by 1.38% Within 5 Mins, Marking 54,500.01 USDT
BTC Drops by 1.66% Within 5 Mins, Marking 55,268.1 USDT
BTC Drops by 1.51% Within 5 Mins, Marking 55,892.58 USDT
May 3, 2021 (Monday)
BTC Drops by 1.14% Within 5 Mins, Marking 56,646.7 USDT
BTC Drops by 1.22% Within 5 Mins, Marking 57,468.02 USDT
BTC Surges by 1.06% Within 5 Mins, Marking 58,600.82 USDT
BTC Surges by 1.0% Within 5 Mins, Marking 58,266.9 USDT
May 2, 2021 (Sunday)
BTC Drops by 1.09% Within 5 Mins, Marking 56,520 USDT
Apr 30, 2021 (Friday)
BTC Drops by 1.06% Within 5 Mins, Marking 56,424.32 USDT
XRP Tops List Of Crypto Net Inflow With $132.86 Mln In Past 18 Hours
TriumphX, NFT Marketplace Sole-X Beta Version Launched
Data Summary Of's Perpetual Contract: April 30
BTC Tops List Of Crypto Net Outflow With $203.08 Mln In Past 10 Hours
BTC Surges by 1.15% Within 5 Mins, Marking 53,749.11 USDT
Apr 29, 2021 (Thursday)
BTC Surges by 1.14% Within 5 Mins, Marking 53,070.31 USDT
BTC Surges by 1.06% Within 5 Mins, Marking 52,646.31 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.