Companies have accumulated almost 3% of all bitcoins

Private organizations own at least 537,000 bitcoins ($25.2 billion at the current exchange rate as of 10:30 a.m. Moscow time on August 26)
Bitcoins

Companies have accumulated 537,000 bitcoins, or 2.6 percent of the main cryptocurrency issue (21 million), according to Bitcoin Treasuries. Topping the list of the largest bitcoin owners among companies is MicroStrategy, which has accumulated almost 109 thousand digital coins ($5 billion at the current exchange rate as of August 26). MicroStrategy last invested in bitcoin on Aug. 24.

Tesla and Square are in second and third place, respectively. The automaker announced its bitcoin purchase in February of this year. As of Aug. 26, Tesla owns 43,200 bitcoins ($2 billion).

Square invested in bitcoin in February 2021 and October 2020. The Twitter founder’s payment company owns 8,000 digital coins ($374 million). In early May Square published a financial report for the first quarter of 2021, according to which the income from investments in bitcoin was $3.5 billion.

The morning of August 26 the price of bitcoin on the cryptocurrency exchange Binance updated the weekly low of $46.6 thousand. Over the past 24 hours the main cryptocurrency has fallen in price by 4%. Rate of asset began to decline on August 23, when it rose to a local high of $50.5 thousand.

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The post was written by Crypto Expert John Belford

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