institutions Bitcoin Treasuries

[kryptonick 2659]

2020 is coming to an end and corporations in the united states went into a Bitcoin buying spree during the summer. This led to new companies entering Bitcoin as holders and others increasing their Bitcoin treasuries.

 

The top three companies holding Bitcoin right now are Microstrategy (Michael Saylor), Galaxy Digital (Michael Novogratz) and Square (Jack Dorsey).

 

 

In terms of legal funds Grayscale leads with 546.544 BTC held in their vaults right now.

 

The institutional interest in Bitcoin is very high and everyone expects for a glorious 2021.

The full list is here:  https://bitcointreasuries.org/

[cryptovlek 2597]

Thanks for this website @kryptonick . They will need to update with the Massmutual purchace of $100 million more of Bitcoin. Many more are going to follow as the details of all these Bitcoin deals are getting popularity in the investment world.

[kryptonick 2659]

3 hours ago, cryptovlek said:

Thanks for this website @kryptonick . They will need to update with the Massmutual purchace of $100 million more of Bitcoin. Many more are going to follow as the details of all these Bitcoin deals are getting popularity in the investment world.

Yes, the Massmutual is the recent one and I've checked in the treasuries website and it has been submitted. But the problem seems to be there is no formal information to be added by the administration of the website.

[Khan 1414]

The main reason for the price manipulation is that the big companies are holding the major share of the Bitcoin and the Bitcoin will destroyed the small users.

[kryptonick 2659]

On 12/16/2020 at 3:46 PM, saraanna396 said:

Bitcoin whales always manipulate the market by making some huge transactions, and thus they keep the bitcoin price at the level they want, which affects small companies and traders.

These whales are different. They are in it for long term and are probably more holders than those that were holding at $200 and sold at $10,000. Of course a 50 times rise is a reason to sell but Bitcoin has a lot more to give, when selling you need to rebuy or not sell everything and hold some. Some whales sold everything and got out, and they did that low not at 10 or 20k

[bogdanoff 3173]

More have joined lately. I read about massmutual that bought 100m and there is speculation for at least ten more companies that bought or that are buying now. It is the new hype that comes with companies. I can't give predictions now, just keep watch and stay with what I have. I can't recommend buying to anyone at this price but it will be very nice to have some opportunities to make good money with altcoins. For now I don't know if this can happen, probably after they drop more.

Edited December 18, 2020 by bogdanoff

[Fixfin 2569]

I have seen some investors that I didn't know them before like Guggenheim fund. There are some that appear and make big investments in Bitcoin all of the sudden, they were expecting something or they have seen something we haven't this is strange to see every of these funds and companies make so big bets on Bitcoin.

[Abdulrahman3 1252]

It is natural for companies around the world to rush to trade in a commodity whose price increases day by day, but what caught my attention was the entry of Galaxy Digital in the list of companies that hold bitcoins for this year, is it possible for them to dispense with their basic trade and rely on Bitcoin ?!

[percare 3192]

We are living the beginning of an era that seemed far fetched years ago to many investors. It is companies that are public listed in US exchanges that want to buy Bitcoin and hold in their reserves now. If this is immitated by more then it will become a trend that will give Bitcoin a huge boost.

[abohasnn9 2401]

Thank you, my dear friend, for this topic. I did not know that there are companies in the interest of 2020 that hold the largest possible quantities of Bitcoin in the form of bonds in their vaults. I knew that 80 percent of Bitcoin is in the hands of whales, and they are the ones who generally control it. Thank you very much.

[Whited35 15285]

On 12/10/2020 at 1:27 AM, kryptonick said:

The top three companies holding Bitcoin right now are Microstrategy (Michael Saylor), Galaxy Digital (Michael Novogratz) and Square (Jack Dorsey).

Now Tesla and PayPal are added in that list 😜 ! More bigger institutions are on the way to make the investments in Bitcoin. Their activities might propel Bitcoin to make an stunning boosts. Currently, price is above $51K and Bitcoin is breaking its one previous records one after another for the new ATH. 

[Rozy 1918]

People who bought and kept Bitcoin are very wise and lucky ones. and usually open minded people get the best chances. Up till now there are people who do not believe in crypto currencies and I believe those are the ones who are going to regret that most that they did not buy any Bitcoin when they could afford it.

[kryptonick 2659]

On 2/18/2021 at 6:01 PM, Whited35 said:

Now Tesla and PayPal are added in that list 😜 !

Yes! This is incredible, and it seems that Tesla is already up by 1 Billion dollars from the investment in Bitcoin. I was surprised by Tesla, mostly for the size of the investment. 1.5 billion invested at $30k was too big even for Tesla.

This event made Bitcoin recover and is not closer to double the price Tesla bought. All I am wondering is who will be next.

[Whited35 15285]

17 minutes ago, kryptonick said:

This event made Bitcoin recover and is not closer to double the price Tesla bought. All I am wondering is who will be next.

Rumors said, Oracle is the next but it has to be confirmed first. Honestly, dramatic changes are seen in the cryptocurrency markets. Next generation blockchain networks' DOT and ADA are making the game changing moves in the markets which is simply game changing. I think Bitcoin will surpass the $60K mark within next week if bigger institutions keep investing in Bitcoin. 

[kryptonick 2659]

On 2/20/2021 at 6:24 PM, Whited35 said:

Next generation blockchain networks' DOT and ADA

There is only talk and nothing tangible coming from both of these. Maybe Dot will go ahead and create something better from what we have today, but Cardano has nothing produced except announcements and it has already been 5 years. Really, you trust Charles? This guy is just toxic waste for the crypto community. Every Cardano announcement I am reading is just a marketing ploy to increase the unreasonable hype around this project. Again, this has already been 5 years and nothing produced except new terms and new monikers for what they will produce some time in the future. How many years Cardano needs?

 

 

About my post on the bitcoin treasuries, some important update for everyone:

 

The picture has been changed recently. We see now Tesla holding 48,000 BTC, Square holding 8000 BTC (doubled) and one more important element that just came to my attention.

 

Galaxy Digital now holds just 4000 BTC, down by 12,000 BTC since the time I created the post, back in the beginning of December with Bitcoin price being around 20k.

 

 

So according to the recent announced treasuries the Novogratz fund has sold 12,000 BTC and now just holds 4000. Very interesting that nothing has been announced about that. I wonder if anyone has any news on this or this is just another cover up of whales selling and waiting to buy lower again after the bull run ends.

I wonder many scenarios right now, of course all lead to Novo taking profits.

 

Let's not forget 2019 and how Novo played the BTC top price at that summer two years ago.

https://micky.com.au/sellers-remorse-permabull-investor-wishes-he-had-sold-more-bitcoin/

 

Perma-bull Novogratz as we call him, but of course he would have loved to sell more at some extreme profit.

 

[Whited35 15285]

3 hours ago, kryptonick said:

Really, you trust Charles?

I do not know how far Cardano can go but at least I am not that greedy guy to thank their Shelley upgrade and we can see the proven performances of ADA in the cryptocurrency markets definitely it is not just due to the hypes every time. We give credit or not but it deserves to get recognized for bring the 3rd generation's blockchain for the crypto community. PoS model was genuinely followed by this blockchain.