The list of bitcoin treasury companies does not include firms from Russia
Data analysis showed that Russian companies are not among them Bitcoin- treasury firms that have invested large amounts of money in cryptocurrency.
As of August 21, the number of companies and governments holding significant amounts of BTC was estimated at 231. The lion’s share of these firms are based in the United States, with Canada and the United Kingdom in second and third place in terms of the number of organizations.
Quantity Bitcoin-treasury institutions in different countries and regions
The list of organizations that own bitcoins includes private and public firms, issuers ETF, exchanges and government agencies. In particular, a large number of digital assets are held on the balance sheets of the US, UK and Chinese authorities.
Became Bitcoin-treasury companies are using the same strategy as Strategy, which is considered a pioneer in this field. Since its first purchase of BTC in September 2020, Strategy’s management has not paid attention to the profit from investing in cryptocurrency and has only one goal: to accumulate as many coins as possible.
Traditional financial markets analyst Laith Khalaf calls this tactic “crazy,” but admits that it works for now. This is evidenced by the fact that Strategy’s capitalization is 40,4% higher than the value of BTC on its balance sheet: $101,55 billion versus $72,32 billion. This paradox is explained by the fact that many investors prefer to invest in traditional securities instead of digital assets.
