Bitcoin (BTC) holdings in public corporations exceeded $ 6.8 billion this year, while newcomers catch up with the industry heavyweight from Grayscale.
According to the monitoring resource Coin98 Analytics, a total of 13 public companies have invested in Bitcoin.
Grayscale is the sun
The wealth management giant Grayscale remains the biggest BTC player under his control at 449,596 BTC ($ 5.14 billion), followed by CoinShares ‘69,730 BTC ($ 797 million).
MicroStrategy, the company that made a splash when it announced it had introduced a “bitcoin standard,” has 38,250 BTC ($ 437.1 million). Fourth is Mike Novogratz’s Galaxy Digital, which controls 16,551 BTC ($ 189.1 million).
A total of, 13 companies have insured nearly 600,000 BTC ($ 6,860 USD), a number that leads the way with grayscale.
The Bitcoin holdings of public companies. Source: Coin98 Analytics / Twitter
“Shades of gray are the sun,” commented the confident CEO Barry Silbert. via Coin98 Analytics numbers.
However, In all of Silbert’s promotional activities, Michael Saylor, CEO of MicroStrategy, has probably made the biggest impression on Crypto this year. After shopping, Saylor began giving regular interviews about the supremacy of Bitcoin about fiat currencies and is still very active on social media with the same message.
in the reply On a tweet from Silbert on Oct. 12 discussing the Bank of England’s perspective on Bitcoin, Saylor said:
“#Bitcoin is the first digital money system that is able to store all of the world’s money for every individual, company and government in a fair and equitable manner without losing any of it. If that is not valuable in itself, what is it? “
Bitcoin shows a clear deviation from the dollar
Last month meanwhile Bitcoin has deviated from both the strength of the US dollar and the volatility of the VIXThis offers new opportunities for investors looking to diversify.
After comparing Cointelegraph Markets and Digital Assets Data, It is stocks in the form of the SP 500 and gold that are now showing increasing correlation patterns with BTC.
Macro performance comparison chart. Source: Cointelegraph / Digital Assets Data
This in turn has fueled the existing expectation of a significant deviation from traditional marketsA “decoupling” for Bitcoin paves the way for a significant price gain, analysts argue.