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

The software company’s stock price hit record highs in recent months as its stockpile tops$ 40 billion in the amount of the coin as a result of MicroStrategy’s Bitcoin getting plan, which was once criticized by large corporations.

And despite the fact that Michael Saylor, the company’s founder and executive chairman, has long advocated for quite a movement, its victory has drawn a grain of spinoffs.

While others who have previously invested in the cryptocurrency are increasing their holdings of the asset, a number of more publicly traded companies have approved organizational strategies to load Bitcoin as a bank reserve asset in recent months. &nbsp,

More than 70 companies have dived headlong into MicroStrategy’s crypto-first business plan at a time when Bitcoin is flying great: President-elect Donald Trump vowed last summers to create a national stockpile of the modern money, and the coin hit an all-time high of$ 108, 000 in December.

There isn’t any indication of the trend slowing down, though, as many companies have already announced their own programs within the last year despite Bitcoin currently hovering below the$ 95, 000 level as of reading time.

Here are seven more publicly traded companies that are stacking Bitcoin and following in MicroStrategy’s feet. &nbsp,

Tesla 

Tesla, the energy car-making organization led by Dogecoin enthusiasts Elon Musk, has held Bitcoin for four years. There is no sign that the auto manufacturer is selling its Bitcoin, despite the company moving its tokens to fresh pockets last fall.

Tesla has a long story with Cryptocurrency. The publicly traded company second revealed that it had invested&nbsp,$ 1.5 billion &nbsp, in the nation’s oldest bitcoin in February 2021, with plans to take the currencies as settlement for its cars.

After Musk expressed concern about the negative effects of Bitcoin mine on the environment, it later changed its intentions and sold some of the coins, but it still has a sizable amount of money. The firm holds around 10, 000 Cryptocurrency, as of its latest weekly filing with national authorities. &nbsp,

Block

Financial services conglomerate Block—the firm behind the Square payments platform—owns more than&nbsp, 8, 000 BTC worth at least$ 758 million as of writing time, according to one estimate. &nbsp,

The Jack Dorsey-founded firm began buying Bitcoin just a few weeks after MicroStrategy. Its primary Bitcoin order came in October 2020, when it snatched up more than 4, 700 currencies.

Rumble

Rumble, a video streaming service, became one of the newest publicly traded companies to approve a Bitcoin government supply strategy in November. &nbsp, Under the Bitcoin buying plan, Rumble will invest up to$ 20 million in the digital asset, according to a company statement. &nbsp,

Additionally, it intends to reinvent itself as the preferred program for the blockchain community. The cryptocurrency firm Wire has provided a$ 775 million treatment to help the company accomplish that goal.

LEEF Brands

Cannabis producer LEEF Brands announced in December that it would convert Bitcoin to a government supply.

The Canadian business plans to make the investment through a$ 5 million Bitcoin-backed debenture offering, according to a company statement. &nbsp,

Semler Scientific

Semler Scientific, a business focused on health technology, announced its Cryptocurrency reserve treasury strategy last May, making the largest cryptocurrency by market cap. &nbsp,

The company has since made a number of significant investments in the key, and its activity has increased significantly toward the end of last year.

In accordance with Semler Scientific CEO Eric Semler,” We intend to continue to buy bitcoin with funds from businesses and with money money from our sales under our ATM program.” We are looking into potential additional funding sources to increase our cryptocurrency supply.

Semler Scientific held 2, 084 Cryptocurrency as of December 15, according to its site. As of the time of publication, the coins have a value of nearly$ 200 million.

Banzai

Banzai, a provider of marketing systems solutions, announced in November that it would invest up to 10 % of its business government in Bitcoin. Adding Bitcoins to Banzai’s balance sheet will extend the property in its government, in addition to enabling the company to benefit off of the cryptocurrency’s long-term price rise, Banzai CEO Joe Davy said last year in a speech.