Bitcoin is the most popular cryptocurrency in the world, but it’s not just a digital currency. It also represents an asset for many companies. So what are the 10 Bitcoin-rich companies? Before we jump in let’s cover the basics.
Why is cryptocurrency so popular?
Bitcoin is the most popular cryptocurrency in existence. It’s also one of many cryptocurrencies that are available to trade and invest on various exchanges around the world, including Coinbase (USA), Kraken (Europe) or Bitfinex/Binance etc.(Asia).
The popularity comes from its decentralized nature – it doesn’t rely upon any central bank for regulation like fiat currencies do; instead, Bitcoin relies solely on a public ledger called blockchain which records all transactions made with bitcoin as well other data such as transaction fees paid by users who send bitcoins over the network using the power of their computers known collectively miners.
This means there can be no manipulation through inflation because new coins cannot simply come into circulation without being created digitally first so they have a value attached to them before entering the market place, unlike paper.
Why do companies hold cryptocurrency?
Some companies hold cryptocurrency because they believe in the future of digital currencies. Some see it as a way to hedge against currency fluctuations, while others are looking for new ways to create revenue streams outside their traditional business models.
They want to explore blockchain technology’s potential applications beyond just cryptocurrencies such as smart contracts or data storage on decentralized networks like Ethereum’s public ledger called “blockchain.”
And some might be holding bitcoin simply out of curiosity – what is Bitcoin? Why do people want bitcoins so badly?
Can I invest in cryptocurrency?
Yes, you can invest in cryptocurrency. You just need to know what type of investment vehicle is best for your needs and risk tolerance level – stocks or bonds?
Mutual funds (or ETFs) with a broad range of investments across industries like the S&P 500 index fund that tracks large U.S.-based companies?
Or something more specific such as an emerging market stock mutual fund that invests exclusively outside North America but still has some exposure there through its holdings on major multinational corporations headquartered abroad?
Bitcoin futures contracts are also available now from CME Group Inc., CBOE Global Markets INC’s Chicago Board Options Exchange, Nasdaq OMX PHLx LLC’ s Philadelphia Stock Exchanges/National Market System division NYSE Arca.
Companies With The Highest Amount Of Bitcoin Assets
00:15 – Voyager Digital
01:07 – Hut 8 Mining
01:45 – Square
02:40 – Galaxy Digital Holdings
03:38 – 3iQ – The Bitcoin Fund
04:37 – Tesla Motors
05:42 – Ruffer Investment Company
06:42 – MicroStrategy
07:37 – CoinShares
08:23 – Grayscale Bitcoin Trust