Public companies hold almost $7B in Bitcoin in heads-up to Grayscale

Public companies hold almost $7B in Bitcoin in heads-up to Grayscale


Bitcoin (BTC) holdings at public companies topped $6.8 billion this year as newcomers catch up with industry heavyweight Grayscale.

According to monitoring resource Coin98 Analytics, a total of 13 public companies have now invested in Bitcoin.

Putting Grayscale’s “sun” in the shade

Asset management giant Grayscale remains the largest BTC player with 449,596 BTC ($5.14 billion) under its control, followed by CoinShares’ 69,730 BTC ($797 million).

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MicroStrategy, the firm which made waves when it announced it had moved to adopt a “Bitcoin Standard,” has 38,250 BTC ($437.1 million). In fourth place is Mike Novogratz’s Galaxy Digital, which controls 16,551 BTC ($189.1 million).

In total, the 13 companies have almost 600,000 BTC ($6.86 billion) locked up, a number which is increasing with Grayscale thus far remaining in the lead.

Public companies’ Bitcoin holdings. Source: Coin98 Analytics/ Twitter

“Grayscale is the sun,” its confident CEO Barry Silbert commented on Coin98 Analytics’ numbers.

For all Silbert’s publicity activities, however, it is

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