The growth of Bitcoin began with the massive participation of all the users that make up the network by investing their money and moving millions of transactions a day. However, something happened that all members of the crypto ecosystem were waiting for, and that is that multiple large companies began to think differently from Bitcoin. The idea of having institutional investors on board made the future of crypto look much more promising.
Today there are already hundreds of companies that invest in BTC and other cryptocurrencies for different purposes, either to accept them as a payment method or as a long-term investment. In this opportunity, we will review the top 3 companies investing in Bitcoin.
Many people wonder which are the top 3 companies investing in Bitcoin since recently many news have favored the growth of this cryptocurrency. These companies are operational and maintain a good performance in their field.
MicroStrategy is defined as a business intelligence software company with extraordinary data analysis capabilities. This company belongs to the Nasdaq market and has been known to buy around $ 430 million USD in BTC tokens.
After acquiring an amount of 38,250 BTC, the CEO of the company Michael Saylor has produced huge profits thanks to the current price of Bitcoin and could be doubling his investment and if the cryptocurrency remains bullish.
Square Inc is an American company based in San Francisco focused on providing financial, commercial and mobile payment services for all its customers. Its shares are also traded on the market and although it is not the most popular initiative of its kind, Jack Dorsey's company made the wise decision to invest 1% of its total funds in Bitcoin. An investment of this type could suggest that the company is preparing for something big with BTC.
Square Inc now has 4,709 BTC in its possession, after an investment of $ 50 million USD. Crypto adoption by the business sector is expected to keep growing.
Coinshares is a pioneering company in digital asset investment that has been offering its services since 2014. This platform has focused on supporting investments in commodities, precious metals and cryptocurrencies. This UK company manages around 80% of its funds in cryptocurrencies and its investment community gathers a total of 69,730 BTC.
Even though company spokesmen have referred to Bitcoin as "a risky tech move," it relies heavily on BTC's performance as a cryptocurrency by focusing so much attention and money on these tokens.
Neither Bitcoin nor the other cryptocurrencies are close to their full potential, since we are talking about a market that is not more than 10 years old and needs much more time to obtain the greatest possible investment and support from different sectors. In a future where cryptocurrencies are the protagonists of the financial system, those who have saved large amounts of BTC will have made a magnificent investment. Join Altsignals for more crypto content and trading signals.
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