Last year, public companies acquired over 1 million BTC (5.57% of the cryptocurrency market supply) with a current value of about $ 40 billion, according to Bitcoin Treasures.
One of the most active institutional investors in 2020 is Grayscale Investments, which manages about 600,000 BTC.
01/11/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
— Grayscale (@Grayscale) January 11, 2021
The total value of crypto assets at the disposal of Grayscale Investments is estimated at $ 24.5 billion (as of January 11, 2021).
Grayscale Bitcoin Trust asset growth dynamics in 2020
However, the trend towards investing in bitcoin as a hedge of risks was started by MicroStrategy, which in August 2020 bought 21,454 BTC for more than $ 250 million.A month later, the company listed on the Nasdaq invested another $ 175 million in bitcoin, and in December last year – an additional $ 650 million
In total, MicroStrategy has invested $ 1.12 billion in bitcoin and now owns 70,470 BTC (over $ 2.5 billion at the time of writing). Amid bitcoin’s correction, the company’s shares fell 7.5% since January 7 – from $ 535.48 to $ 495.25.
Data: Yahoo Finance.
In October 2020, Jack Dorsey’s Square company bought 4709 BTC for $ 50 million.In December, Ruffer Investments acquired 45,000 BTC for $ 744 million.In early 2021, SkyBridge Capital Anthony Scaramucci launched a Bitcoin fund with assets worth $ 310 million.