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Digital Assets: Corporate Hoard Of Bitcoin Is Now In Excess Of $15B

According to Clark Moody Bitcoin Dashboard, corporate treasuries hold 842,229 bitcoin valued at $15.8 billion and representing 4.54% of the current supply. That quantity is also confirmed by Bitcoin Treasuries.

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Digital Assets: Corporate Hoard Of Bitcoin Is Now In Excess Of $15B

https://platodata.net/wp-content/uploads/2020/11/digital-assets-corporate-hoard-of-bitcoin-is-now-in-excess-of-15b.jpg

As on November 20, companies hold over 842K of bitcoin.

According to Clark Moody Bitcoin Dashboard, corporate treasuries hold 842,229 bitcoin (BTC) valued at $15.8 billion and representing 4.54% of current supply.

That quantity is also confirmed by Bitcoin Treasuries. Top holders include:

Name Qty
Grayscale Bitcoin Trust 509,581
CoinShares/XBT 69,730
Block.one (private) 140,000
MicroStrategy Inc 38,250
Galaxy Digital Holdings 16,651
Square Inc 4,709

Reasons for stockpiling BTC

According to Coin Telegraph, MicroStrategy’s investment in bitcoin (BTC) of $425 million acted like a catalyst and unleashed an “institutional frenzy” of buying in the crypto.

The reasons for investment by companies and institutions in BTC are:

  • BTC is a hedge against inflation
  • It also has scope for appreciation in value over the long term
  • It is a compelling store of value
  • Corporate holdings take away supply for the long term, and are therefore bullish for BTC
  • Massive stimulus measures across the globe are further fuel for appreciation in BTC
  • Negative interest rates and other easing measures also are beneficial

Morgan Creek Capital Management

These factors were echoed by Mark Yusko, founder and CEO of investment firm Morgan Creek Capital Management, when speaking with CNBC’s Fast Money host Melissa Lee on Thursday.

He said that the central banks of U.S., Europe and Japan had no choice but to devalue their currency and were likely to continue to do that.

“Money is being devalued. Over the last three years, stocks are up about 6% a year – not really that great,” Yusko said. “But if you denominate in gold instead of dollars they’re down 44%; if you denominate in bitcoin it’s way worse.”

“Before people’s eyes, you’re having your wealth stolen through inflation,” he said.

However, BTC and gold are doing well this year.

Related Story:    Bitcoin Perma-Bull Mike Novogratz Is On A Roll

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Source: https://dailyalts.com/digital-assets-corporate-hoard-of-bitcoin-is-now-in-excess-of-15b/

Private Equity

Techware Group B.V – 859415831-11012022C

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” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

Pieter ter Kuile

Investor

Wouter Kneepkens

Investor

Ronald Bazuin

Investor

Eric van der Maten

Investor

Eric van Gilst

Investor

Donald Res

Investor

Source: https://www.leapfunder.com/companies/154

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Private Equity

Techware Group B.V – 859415831-­‐11012022B

Avatar

Published

on

” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

Pieter ter Kuile

Investor

Wouter Kneepkens

Investor

Ronald Bazuin

Investor

Eric van der Maten

Investor

Eric van Gilst

Investor

Donald Res

Investor

Source: https://www.leapfunder.com/companies/154

Continue Reading

Private Equity

Techware Group B.V – 859415831-11012022

Avatar

Published

on

” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

Pieter ter Kuile

Investor

Wouter Kneepkens

Investor

Ronald Bazuin

Investor

Eric van der Maten

Investor

Eric van Gilst

Investor

Donald Res

Investor

Source: https://www.leapfunder.com/companies/154

Continue Reading
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