Bitcoin soars past $100K and these 20 companies hold the most amount of the cryptocurrency
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Bitcoin (BTC-USD) finally tagged the highly sought after $100K threshold as the digital token topped out at $103.6K earlier on Thursday.
The price of bitcoin has rallied for the most part of 2024 but ever since the presidential election on November 5 the cryptocurrency has surged over 50%. As bitcoin moves higher investors may be interested to see which companies on Wall Street have the largest holdings in bitcoin.
As a result, SA constructed a list of the 20 stocks that have the most bitcoin holdings. Within the list shares of popular names such as Tesla (TSLA), Block (SQ), Coinbase Global (COIN), and the popular MicroStrategy (MSTR) all made the list. See the complete list below:
Top 20 Bitcoin Holding Stocks
No. 20: DMG Blockchain Solutions (OTCQB:DMGGF): 445 total bitcoins.
No. 19: Phoenix Digital Assets (PNIX): 508 total bitcoins.
No. 18: Bitfarms Limited (BITF): 803 total bitcoins.
No. 17: Meitu Inc. (OTCPK:MEIUF): 940 total bitcoins.
No. 16: Bit Digital (BTBT): 992 total bitcoins.
No. 15: Metaplanet (OTC:MTPLF): 1,142 total bitcoins.
No. 14: Semler Scientific (SMLR): 1,273 total bitcoins.
No. 13: NEXON Co Ltd (OTCPK:NEXOF): 1,717 total bitcoins.
No. 12: Cipher Mining (CIFR): 1,730 total bitcoins.
No. 11: Exodus Movement (OTCQX:EXOD): 1,792 total bitcoins.
No. 10: Hive Digital (HIVE): 2,287 total bitcoins.
No. 9: CleanSpark Inc. (CLSK): 6,154 total bitcoins.
No. 8: Block Inc. (SQ): 8,038 total bitcoins.
No. 7: Riot Platform (RIOT): 8,490 total bitcoins.
No. 6: Hut 8 Mining Corp (HUT): 9,102 total bitcoins.
No. 5: Coinbase Global (COIN): 9,183 total bitcoins.
No. 4: Tesla (TSLA): 11,509 total bitcoins.
No. 3: Galaxy Digital Holdings (OTCPK:BRPHF): 15,449 total bitcoins.
No. 2: Marathon Digital Holdings (MARA): 26,842 total bitcoins.
No. 1: MicroStrategy (MSTR): 252,220 total bitcoins.
Furthermore, listed below are each of the above 20 stocks Seeking Alpha quant grades:
Seeking Alpha Quant Grades: DMGGF (no grade), PNIX (no grade), BITF 2.66, MEIUF (no rating), BTBT 3.20, MTPLF (no grade), SMLR 3.29, NEXOF (no grade), CIFR 3.35, EXOD (no grade), HIVE 3.18, CLSK 3.27, SQ 4.73, RIOT 3.16, HUT 4.95, COIN 3.40, TSLA 3.40, BRPHF (no rating), MARA 3.16, and MSTR 3.49.
Aside from the 20 stocks with largest bitcoin holdings, investors can also look to track bitcoin backed exchange traded funds directly. Some of those funds are as follows: (IBIT), (ARKB), (GBTC), (BRRR), (BTCO), (HODL), (BTCW), (FBTC), (BITB), and (EZBC).