While at least 26 publicly traded companies hold bitcoin, just one owns more than half of all cryptocurrency on corporate balance sheets.
It’s not Tesla, the electric car manufacturer that accepts bitcoin as payment and is run by a CEO who promotes cryptocurrencies so aggressively his tweets are under SEC investigation. Nor is it Square, the financial services company led by ex-Twitter CEO Jack Dorsey, who famously lists only “#bitcoin” in his Twitter bio.
The biggest corporate bitcoin holder is the Virginia-based business intelligence software maker MicroStrategy, according to a database from the crypto analytics firm CoinGecko. The $3.6-billion company owns 121,044 bitcoin, a crypto horde roughly 2.5 times larger than its nearest contender, Tesla. MicroStrategy’s bitcoin is now worth roughly $4.4 billion—which is about 25% more than the company’s market capitalization.