19 Publicly Traded Companies Have Bought Bitcoin

According to research from Nickel Digital Asset Management, nineteen listed, public companies have purchased Bitcoin. The companies are:

• Tesla, Inc. (US NADQ:TSLA)
• Square inc. (US NADQ:SQ)
• BlackRock (US NYSE:BLK)
• Marathon Digital Holdings (US NADQ:MARA)
• MicroStrategy inc. (US NADQ:MSTR)
• Hut 8 Mining Corp (Canada TSX:Hut-8)
• NEXON Co. Ltd (US TYO:3659)
• Riot Blockchain, Inc. (US NADQ:RIOT)
• Voyager Digital LTD (Canada CSE:VYGR)
• Seetee AS (NO AKER:NO)
• Meitu (HK SEHK:1357)
• Coin Citadel Inc (US OTCMKTS:CCTL)
• BIGG Digital Assets Inc. (Canada CNSX:BIGG)
• Advanced Bitcoin Technologies AG (DE ABT:GR)
• DigitalX (AU ASX:DCC)
• Digihost Technology Inc. (Canada TSXV:DGHI.V)
• Mode Global Holdings (UK LON:MODE)
• Phunware, Inc. (US NADQ:PHUN)

According to Nickel CEO Anatoly Crachilov, “A growing number of corporations have recently made significant multi-billion allocations to Bitcoin as part of their treasury reserve strategies. This, coupled with a confirmed inclusion of crypto assets in the portfolio construction by leading global asset managers such as Paul Tudor Jones, Bill Miller, Ruffer, and Guggenheim Partners, is a very important endorsement for Bitcoin’s emerging functionality of the hedge against inflation.”

Nickel’s research also revealed that over the next two years 81% of institutional investors and wealth managers across Europe expect to see an increase in corporations using Bitcoin for their treasury reserves.

Crachilov added “The crypto assets space remains volatile as it is going through the early stages of an adoption curve. However, increasing allocations by large-scale institutional and corporate players is expected to lead to a reduction of this volatility over time, thanks to a longer-term, stickier type of capital brought by those investors, as well as a much larger liquidity pool of crypto ecosystem.”