CandleFocus

Beyond MicroStrategy: 7 More Publicly Traded Companies That Are Stockpiling Bitcoin

MicroStrategy, a software company, has seen great success in its Bitcoin buying plan, with its stash of the cryptocurrency now worth over $40 billion. This success has inspired other publicly traded companies to follow suit and stack Bitcoin as a treasury reserve asset. Some of these companies include Tesla, which holds around 10,000 Bitcoin, Block (the firm behind Square) with over 8,000 BTC, Rumble (a video streaming platform) investing up to $20 million in Bitcoin, LEEF Brands (a cannabis company) adopting Bitcoin as a treasury reserve asset, Semler Scientific (a medical technology company) holding 2,084 Bitcoin worth nearly $200 million, and Banzai (a marketing technology solutions firm) spending up to 10% of its corporate treasury on Bitcoin. The trend of companies investing in Bitcoin shows no sign of slowing down.

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