The demand for Bitcoin and cryptocurrencies from institutional parties increased significantly in the year 2021.
Tesla, Microstrategy, Grayscale and other private companies already own a total of $44.8 billion, according tobuybitcoinworldwide.
Total bitcoin holdings held by foundations and private funds are estimated to be around $73 billion.
Public companies owning Bitcoin:
The largest public company that owns bitcoin is still MicroStrategy, which recently bought an additional $94 million worth of bitcoin, bringing its total bitcoin holdings: 124,000 BTC.
The second largest holder of cryptocurrency is Tesla, which has nearly 43,000 bitcoins on its balance sheet.
The first three companies to have bitcoin on their balance sheets are all US-based companies.
The only European company close to the top is Germany-based Bitcoin Group SE, which holds $200 million worth of bitcoin.
Countries that own Bitcoin:
In addition to private and public companies, five countries hold a total of 263,000 bitcoins.
Bulgaria remains the largest holder of $10 billion worth of bitcoin.
Ukraine is in second place with 46000 bitcoins.
The majority of countries that own bitcoin did not buy it specifically to invest their money or redistribute it.
Instead, the listed funds have been confiscated from criminals, who often use the cryptocurrency for illegal activities.
Private Companies That Own Bitcoin:
Among private companies, Blockone remains the largest holder of Bitcoin, holding 140,000 BTC.
Tezos is the second-ranked company, still 122,000 BTC off the top spot.
In total, many companies and countries have 1.5 million bitcoins on their balance sheets as of the end of 2021.
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