https://twitter.com/Coin98Analytics/status/1315853890424717312
We heard about Square investing in Bitcoin and I am sure many of you know about Grayscale but let's look at other publicly traded companies who purchased Bitcoin.
Total value for all of them is over $6 billion or around 600,000 BTC, but I am sure there are many more who not so famous or they purchased it with some 3rd party firms.
13 companies are holding around 2.85% of the total supply of Bitcoin.
Let's compare all of them:
449,596 Grayscale
69,730 CoinShares
38,250 MicroStrategy
16,551 Galaxy digital
8,195 3iQ
5,215 BTCe
4,709 Square
2,954 HUT8
1,239 Voyager
1,053 Riot
215 digital
204 cypher punk holdings
126 argo
More detailed report on Bitcoin Treasuries website:
https://bitcointreasuries.org/
Some say that Grayscale doesn't own any Bitcoin but that is for debate because they are Investment Trust, and their clients are buyers who own bitcoins.
Grayscale's holdings aren't the company's own holdings but what they hold collectively on behalf of other investors, so to include them on a list of companies that invest in bitcoin is misleading at best, but I would go so far as to call it inaccurate. Grayscale is different from Square which also lets people buy bitcoin but has itself invested its own treasury into bitcoin. Grayscale has not invested in 449k btc, its clients have. It's an important distinction.