Beyond Microstrategy: 7 Publicly Traded Companies Stocking Bitcoin

Micro strategy Bitcoin purchase planOnce spoiled by big business – it has led to recent gains for the software company. Bitcoin Boom, the coin's value has risen to $40 billion in recent months, pushing its stock price to all-time highs.

And its success has inspired a crop of copycats, even though MicroStrategy founder and CEO Michael Saylor has been advocating for such a move for years.

In recent months, several more publicly traded firms have greenlit corporate strategies to stockpile bitcoin as treasury stock, while others who have invested in the cryptocurrency are building up their holdings of the asset.

Above 70 companies As bitcoin soared, they tapped into a microstrategy crypto-first trading strategy: President-elect Donald Trump pledged to create a national reserve of the digital currency last summer, and the token hit a record high of $108,000 in December. .

And even though bitcoin hovered below $95,000 at the time of writing, the trend doesn't seem to be slowing down—several companies have announced their own plans in the past week.

Here are seven more publicly traded companies that are following in MicroStrategy's footsteps and stacking up Bitcoin.

Tesla

Electric car maker Tesla, led by Dogecoin lover Elon Musk, has held Bitcoin for four years. And even though He moved the tokens to new wallets As of last fall, there was no indication that the automaker was selling its own bitcoins.

Tesla has a long history with Bitcoin. First publicly traded company revealed In the year He said he invested $1.5 billion in the world's oldest cryptocurrency in February 2021 and plans to receive the tokens as payment for his vehicles.

After Musk shared concerns about the environmental impact of Bitcoin mining, he backed off on the latter's plans, and sold some of his coins — but still has significant savings. The company holds 10,000 Bitcoin as of the latest quarter Filing with federal regulators.

Block

Financial services conglomerate Block – the firm behind the Square payment platform – has more than 8,000 BTC worth at least $758 million as of writing. Estimate.

The company founded by Jack Dorsey, Microstrategy, started buying Bitcoin a few months later. The first Bitcoin purchase came in October 2020, when more than 4,700 tokens were snapped up.

Rumble

In November, video streaming platform Rumble became one of the latest public companies to greenlight a Bitcoin treasury strategy. Under the Bitcoin Purchase Plan, Rumble will invest up to 20 million dollars In digital assets, according to one company press release.

It aims to reinvent itself as the go-to platform for the crypto community. To achieve the goal, the company has He received an injection of 775 million dollars Stable Tether from the stable coin.

Live brands

Cannabis company LEEF Brands announced in December that it would accept Bitcoin as a treasury asset.

Canadian Business Plans to Offer $5 Million in Bitcoin-Backed Obligation to Invest, Says One Company press release.

Semler Scientific

Medical technology company Semler Scientific began buying the largest cryptocurrency by market capitalization last May. It has started. His Bitcoin Reserve Treasury Strategy.

Since then, the company has made several large token purchases, with activity peaking in the latter half of last year.

“We plan to continue to buy bitcoin with cash from operations and proceeds from sales,” Semler Scientific CEO Eric Semler said in November. “We are looking for additional financing opportunities that will allow us to acquire more bitcoin.”

Semler Scientific held 2,084 bitcoins as of December 15th. basis to the website. The coins are worth nearly $200 million as of press time.

Banzai

Trading technology solutions firm Banzai announced in November that it will spend up to 10% of its funds on Bitcoin in its corporate treasury. Adding Bitcoin to Banzai's balance sheet will result in a diversification of assets within the company. he said. In last year's statement.

Edited by Andrew Hayward.