Inventory of 38 listed companies holding Bitcoin: Some people lose $20 million, some people gain 127 times

Time:2022-01-06 Source: 761 views Trending Copy share

The Fed continued to issue hawkish signals, which put the risk asset of Bitcoin under pressure again. On the day, the price fell below $43,000, a drop of about 8%.

As a staunch Bitcoin fan, MicroStrategy purchased 1,914 Bitcoins in December 2021 for $94.2 million in cash, at an average price of about $49,229. This transaction is temporarily in a state of floating losses.

But as of December 31, 2021, Microstratrgy held a total of 124,391 bitcoins, the largest corporate bitcoin holdings outside of trusts and exchange-traded funds (ETFs), with an average purchase price of $30,000 about.

"Blockchain Daily" reporters found that in 2021, a total of 38 listed companies around the world will hold 237,606.01 bitcoins, accounting for more than 1% of the global bitcoin circulation, with a market value of more than 10 billion US dollars.

According to the current Bitcoin price of $43,000, seven companies, including Hong Kong stock Meitu, Succuss universe Group, and Japanese listed company Nexon, have lost more than $30 million. However, there are also listed companies that held Bitcoin in 2014, with a yield of 12,781.5%.

Listed companies with the most Bitcoin

Currently, the public company holding the largest number of bitcoins is MicroStrategy. According to its Form 8-K filed with the SEC, as of December 29, 2021, MicroStrategy held approximately 124,391 bitcoins with a total purchase price of $3.75 billion and an average purchase price of approximately each bitcoin $30,159.

Based on the closing price of Bitcoin at $46,300 at 11:59 on December 31, 2021, MicroStrategy will make approximately $2.009 billion from its Bitcoin holdings in 2021.

Microstrategy was founded in 1989 when its founder, Michael Saylor, began consulting for DuPont. With the money earned from consulting, Thaler invested in real innovation—data mining. Microstrategy has since gone on to create other business units, culminating in a public listing in 1998. Now focusing on business intelligence, data analysis, mobile software development and cloud computing.

MicroStrategy's first Bitcoin purchase was on August 11, 2020. At the time, the company spent $250 million to purchase 21,454 BTC as part of its capital allocation strategy, elaborating that its investment decisions were influenced by "factors that affect the economic and business landscape," which the company believes has influenced its corporate financial plans. Here comes the "long-term risk".

Given that Bitcoin’s maximum supply is 21 million, MicroStrategy now has 124,391 coins, theoretically around 0.6% of the total Bitcoin supply.

Microstrategy CEO Michael Thaler has revealed that he buys $1,000 in Bitcoin per second. Unlike other CEOs who typically shy away from discussing personal investments, Thaler has publicly stated that he personally holds 17,732 bitcoins, which puts Thaler among the top 100 bitcoin holders, according to BitInfoCharts.

Unlike most listed companies, MicroStrategy does not purchase Bitcoin through its own funds, but raises funds by issuing convertible bonds. Before that, on Nov. 29, MicroStrategy purchased an additional 7,002 BTC for $414.4 million in cash, at an average price of around $59,187.

Liu Bin, an expert from the Whale Platform think tank and director of the Financial Research Office of the Shanghai Pudong Reform and Development Research Institute, said in an interview with "Blockchain Daily" that MicroStrategy is more in line with the flood of funds in the United States, and invests in bitcoin through fixed-rate funds. coin, the profit is considerable.

The highest yield has reached 12781.5%

The second-largest listed company holding bitcoin is Tesla, which currently holds about 42,902 bitcoins, worth nearly $2 billion, with a book profit of about $686 million. Previously, Tesla sold some bitcoins in the first quarter, with a net profit of 101 million US dollars, so if this part of the profit is counted, Tesla’s profit is nearly 800 million US dollars.

In addition, among the 38 listed companies counted by OKlink, in addition to MicroStrategy and Tesla, there are Block (Square), Coinbase Global, Coin Citadel, Cypherpunk holding, Advanced bitcoin Technologies, Digitalx, MercadoLibte, Mode Gloal Holding, Metromile, 12, including Mogo, have bitcoin holding costs below bitcoin’s 2021 closing price.

Among them, Coin Citadel is a listed company with the highest Bitcoin yield, with a holding cost of $359.43, and a yield of 12,781.5% as of December 31, 2021 at 23:59.

Coin Citadel was founded in 1986, formerly known as Global New Energy Industries Inc, and changed its current name in November 2014. Headquartered in Plattsburgh, New York, it is a digital currency and blockchain investment company. It spent $180,000 on 513 bitcoins in 2014.

It is worth noting that among the listed companies, there are 14 listed companies in Canada, 13 in the United States, two in Hong Kong and the United Kingdom, and one in Japan, Norway, Germany, Turkey, Australia, Argentina and Thailand.

Wang Haifeng, a senior researcher at the Ouke Cloud Chain Research Institute, told the "Blockchain Daily" reporter that the global macroeconomic situation has undergone profound changes since 2020. In order to cope with the economic recession caused by the epidemic, especially the United States has generally adopted extremely loose Monetary policy has pushed up the market's inflation expectations. In order to avoid the risk of loss of nominal principal, the need for investors to hoard cash naturally evolved into a demand for gold and a gold substitute, Bitcoin.

Wang Haifeng pointed out that at present, encrypted digital assets are gradually getting rid of the labels of "niche" and "geek". ", or a "payment tool", will be accepted by more institutions and the public.

Meitu Holds Bitcoin, Loses Ethereum and Profits

In addition, Hong Kong listed companies Meitu and Succuss universe Group, Japan listed companies NEXON, Norway Aker ASA, US listed companies Phunware, Canadian listed companies LQwQ FinTech Corp, Norway listed companies The Brooker Corp and Turkey listed companies Net Holding universe Group The cost price of the eight companies holding bitcoin is higher than the current bitcoin price.

Among them, NEXON has the largest book loss, exceeding 20 million US dollars. This is a Korean game giant, which owns many well-known games such as Running Kart, Dungeon and Warrior, CS OL, and Cross Fire. Earlier, it also announced that it would acquire a 65% stake in Bithumb, one of South Korea’s largest trading platforms.

Hong Kong-listed company Meitu lost nearly $6 million on its bitcoin holdings, but Meitu’s other cryptocurrencies made big profits.

On March 7, 2021, Meitu announced that it purchased 15,000 ETH and 379 BTC in open market transactions, with a total consideration of approximately US$22.1 million and US$17.9 million, totaling US$40 million.

On March 17, Meitu also announced that its wholly-owned subsidiary Miracle Vision purchased a further 16,000 ETH and about 386 BTC in open market transactions according to the cryptocurrency investment plan, with a total consideration of 28.4 million US dollars and 2,160 BTC respectively. million, for a total of $50 million.

The announcement on April 8 stated that its wholly-owned subsidiary Meitu Hong Kong purchased a further approximately 175.7 BTC in open market transactions under the cryptocurrency investment plan, for a total consideration of approximately $10 million.

Adding up the three times, Meitu currently holds more than 940 bitcoins, with an average buying price of about $52,610, and another 31,000 ethers, with an average buying price of about $1,629. At present, Meitu’s total investment in the cryptocurrency market has reached 100 million US dollars.

Meitu’s loss in Bitcoin is currently nearly $6 million. Considering the surge in Ethereum, Meitu’s overall profit in the cryptocurrency market in 2021 will be $60 million.

There are also some listed companies that have not announced their purchase cost prices, so estimates cannot be made.

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