I presume quite a few corporations are also going to make the same move, it's good for adoption as I'm quite sure other companies will be tracking the pros the decision taken by Microstrategy, square and Grayscale is having on their company before making a decision themselves to follow that path. And with the increase in MST stocks after investing in Bitcoin, it's a good signal for more btc investments by other companies. I'll prefer when Bitcoin is flashed and highlighted in the news for these, than scams that's most times the faults/follies of the victims, who don't take responsibility of their privacy and security.

Well done fillippone

Exactly, the precise reason why I choose to keep Grayscale and Square (the CashApp part) is that those BTC amounts are not exactly their money, rather those coins belong to clients. So they are only managing those coins on behalf of clients.

I hope you noticed I left those informations on the second sheet on the spreadsheet.

These type of companies will get more and more common, there is no way that these will be the last. Not only there will be more companies investing into crypto which would be given and totally realistic, but also the companies that invested right now will get richer thanks to the investment to bitcoin and when they get richer their investors will get richer and when that happens there will be more investors who will put money in them because they succeeded and that means more money coming towards bitcoin as well.

That is just a fact, the companies who invest into stocks and other stuff so far will be able to invest into bitcoin and not worry about it, it was a volatile and "dangerous" asset so far but in the past 2 or so years people have seen how awesome it is to invest into it.

There was a thread recently about a company Diginex, which supposedly has something to do with bitcoin and just got listed on the NASDAQ.  They don't fit into the bitcoin-as-a-treasury-currency theme here, but I thought I'd mention it.

And yeah, I've been following MicroStrategy's stock price quite closely ever since they decided to buy up all that bitcoin--which I find to be an astounding thing for a public company to do.  But as I said in previous threads about MSTR, the shareholders don't seem to mind all that much, at least if you can infer that from the stock price.

Grayscale I've heard things about, but I'll have to check out the links provided in the OP about them and Square.  All in all, this is some pretty interesting stuff going on in the crazy world of bitcoin.

Some outliers may have holdings in alts that they are directly involved with, but I think it's doubtful we'll see significant altcoin treasuries anytime soon. Ethereum seems like a bad store of value for lack of a defined supply maximum and centralized currencies such as Ripple only introduce unwanted dependencies. Further down the list market cap size and volatility become an issue.

I believe the network effect will create tremendous growth for the Bitcoin price. Once a few big companies join the wave, the "herd" will feel obliged to follow the example.
After the companies guess who's joining the party?? - The nations.

Not financial advice, but .01 btc could soon be worth a house.

Nice work @fillipone, I was only aware of a few companies on your list as I started paying attention to institutional investment (or it started getting much attention) recently.
One point which is impressive from my view is how majority of those companies are up on their investment value, it's a moderate percentage increase and can be wiped off if the market goes downwards, but it seems like a good factor to attract other companies who are watching the moves made by these public firms and considering the idea of using Bitcoin as a reserve tool.

Imo, the stock prices of a software company should not be much impacted by a switch in their reserve currency to Bitcoin. It's not a move that improved the fundamentals or directly affects their operation, so I was expecting the stock value to level down after the growth due to the hype about the adoption of a Bitcoin standard.

The column was meant to be exactly the percentage of the BTC investment over the market capitalisation.
The purpose was to tell how much the firm is a “bitcoin firm”.
If the firm put all his asset in bitcoin, then the bitcoin investment would be equal to his market capitalisation (like Grayscale, basically).


I was lazy, and copied the bitcointreasury.org data in the spreadsheet. I noticed a few errors (HUT8 data are CAD, not USD), but I didn’t notice this one. Thanks for pointing out, I fixed it.

I think in the past year, a lot of bitcoins have been transferred to cold wallets without our knowledge. The figure above is just the tip we see. I firmly believe that this will be the preparatory step for the next bull run we will see in the future.
Bitcoin has been priced above $ 10,000 for over two months and I am optimistic about its growth.