Bitcoin holdings of public companies have surged in 2021
The amount of BTC held by public companies has gained significant market share from that held in spot ETFs since Microstrategy’s “Bitcoin for Corporations” conference during Feb 2021. The quantity of Bitcoin held by private corporations has increased significantly during 2021, building on increases from the previous year.
In a Jan. 3 tweet, on-chain analyst Willy Woo claimed that public companies holding “significant BTC have gained market share from spot ETFs as a way to access BTC exposure on public equity markets”.
This has been more noticeable since MicroStrategy's "Bitcoin for Corporations" conference on Feb. 3 and 4, 2021. The online seminar aimed to explain the legal considerations for firms seeking to integrate Bitcoin into their businesses and reserves. Michael Saylor’s MicroStrategy is a leading business intelligence firm and is known for being particularly bullish on BTC, owning almost $6 billion in crypto assets.
On Dec 30, Saylor’s firm purchased a further 1,914 BTC worth $94 million. The company has gained more than $2.1 billion in profit since its initial BTpurchase in August 2020. Woo referenced a chart of BTC holdings inside ETFs and public company treasuries available for public ownership via equity markets, based on crowdsourced corporate treasury data. Spot Exchange Traded Funds (ETFs) hold BTC, as opposed to Futures, in which companies purchase exposure via contracts from the CME futures market.
The data shows that digital currency asset management company Grayscale has gained the highest market share by a landslide, at 645,199 BTC by the end of 2021. This took up 71% of the wider market, as holdings of all spot ETFs and corporations together totaled 903,988 BTC according to the chart.
MicroStrategy is the largest corporate investor, holding 124,391 BTC valued at around $5.8 billion according to BitcoinTreasuries. Second-placed Tesla holds around 43,200 coins worth roughly $2 billion at current prices. During 2020, the amount of BTC held by public companies surged 400% in 12 months to $3.6 billion as reported by Cointelegraph.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 83.2% | 32 | $44 191.65 | 2.28% | 14.09% | $864 601 373 120 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 77.2% | 36 | $2 384.27 | 1.22% | 13.64% | $286 631 337 595 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000286 | 0.02% | -0.01% | $90 361 522 312 |  |
|
| 4 |  XRP |
XRP predictions | 81.6% | 28 | $0.691977 | 7.73% | 12.59% | $37 337 342 228 |  |
|
| 5 |  BNB |
Binance Coin predictions | 85.2% | 18 | $244.21 | 4.75% | 6.78% | $37 045 963 060 |  |
|
| 6 |  SOL |
Solana predictions | 80.8% | 38 | $77.33 | 7.81% | 24.47% | $32 939 078 279 |  |
|
| 7 |  USDC |
USD Coin predictions | 90.8% | 1 | $0.999988 | -0.01% | 0.01% | $24 499 538 291 |  |
|
| 8 |  ADA |
Cardano predictions | 81.2% | 37 | $0.621468 | 30.58% | 60.61% | $21 949 609 212 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 74.4% | 53 | $0.104135 | 6.51% | 24.05% | $14 803 690 586 |  |
|
| 10 |  AVAX |
Avalanche predictions | 75.6% | 50 | $32.83 | 21.42% | 48.15% | $12 006 820 565 |  |
|
| 11 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 12 |  TRX |
TRON predictions | 94% | 7 | $0.108469 | 2.71% | 4.89% | $9 596 597 053 |  |
|
| 13 |  LINK |
Chainlink predictions | 77.6% | 38 | $17.23 | 7.97% | 9.25% | $9 592 622 058 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 90.4% | 7 | $0.107924 | 2.30% | 4.39% | $9 548 377 600 |  |
|
| 15 |  DOT |
Polkadot predictions | 78% | 38 | $7.54 | 20.76% | 36.96% | $9 456 502 227 |  |
