Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010 )
In the previous article 《A Quick Review of the Top 25 BTC Holdings of Listed Companies, Seeking the Secret to "Coin-Stock Dual Cultivation"》, we systematically sorted out the top 25 listed companies in terms of BTC holdings, among which, the stock price of MicroStrategy (MSTR) surged from around $194 to nearly $500 in about a month, an increase of about 150%. Furthermore, with BTC price breaking through around $97,000 and setting a new high, its BTC holdings have accumulated a profit of nearly $15.7 billion, continuing to lead the ranking of BTC holding profits of listed companies.
In addition, the world-renowned tech giant Microsoft previously revealed that its shareholders have started preliminary voting on whether the company should invest in Bitcoin, and according to information from NCPPR: "If Microsoft decides not to invest in Bitcoin, the subsequent rise may lead to shareholder lawsuits against it." Considering various circumstances, as we predicted earlier: more and more listed companies will join the ranks of Bitcoin strategic reserves, after all, in the context of the accelerating mainstream of Bitcoin, buying BTC will lead to a rise in stock prices, while rejecting BTC will lead to weak stock prices, the choice is self-evident.
Odaily Planet Daily will review and sort out the top 15 listed companies in terms of BTC holding profits in this article, for investors' reference. (Note: Due to the distinction of business types, crypto mining companies are not included in this ranking this time, and we will sort them out separately in the future. The data information in this article is from BitcoinTreasuries.Net, and there may be some discrepancies with the data disclosed by the listed companies, which is for reference only.)
Overview of the Top 15 Listed Companies in BTC Holding Profits: MicroStrategy Leads, Coinbase Ranks Second, Tesla Ranks Third
According to the statistics on the BitcoinTreasuries.Net website, the list of the top 15 listed companies in terms of total BTC holding profits is as follows:
Top Three Players: Bitcoin Leverage Concept Stocks, the First Crypto Exchange Stock, New Energy + Musk Concept Stock
Among them, MicroStrategy (MSTR) ranks first with a total profit of nearly $15.7 billion, of which:
BTC holdings of 331,200 coins;
Total value of around $322 billion;
Average purchase price of $49,874 per BTC;
Current stock price of $473.83;
Profit growth multiple of about 1.95 times.
Coinbase (COIN) ranks second with a total profit of $804 million, of which:
BTC holdings of 9,480 coins;
Total value of around $9.2 billion;
Average purchase price of $12,342 per BTC;
Current stock price of $320.01;
Profit growth multiple of about 7.88 times.
Tesla (TSLA) ranks third with a total profit of $607 million, of which:
BTC holdings of 9,720 coins;
Total value of around $9.45 billion;
Average purchase price of $34,722 per BTC;
Current stock price of $342.03;
Profit growth multiple of about 2.8 times.
High Multiple Players: Two German Listed Companies in a Tie
If the above 3 companies are known for their "profit scale", the following companies are more adept at "multiple growth".
Among them, with a profit growth multiple as high as 29.6 times, is a private equity and consulting company from Germany called Bitcoin Group SE. According to Yahoo Finance, it operates the digital currency Bitcoin trading platform Bitcoin.de under its subsidiary Priority AG, and was established in 2008. It has been holding Bitcoin since December 31, 2021, and currently holds 3,589 BTC with an average cost of only $3,285 per BTC. Its current stock price is $68.67 (€65.20), and the last trading operation was in late June 2022, when it sold 179 BTC at $20,109 and has since kept its holdings unchanged.
Coincidentally, another German company with a profit growth multiple as high as 10.98 times is Advanced Bitcoin Technologies AG. According to Yahoo Finance, it is a software company established in 2015, mainly developing cryptocurrency and artificial intelligence software products in the fintech field, and also providing cryptocurrency payment services. It is understood that its BTC holdings are 242.2 coins, with a total value of $23.55 million, but its average purchase price is only $8,853 per BTC, while its stock price is only $0.20 (€0.19).
Hong Kong Stocks Twin Stars: Boyaa Interactive and Meitu
For Hong Kong-listed companies, the game company Boyaa Interactive (0434) and the internet company Meitu (1357) have both successfully made the list, with 1,100 BTC and 940.9 BTC respectively.
Among them, the former has an average BTC purchase price of $41,790, with a cumulative profit of $60.99 million, and a stock price of $0.55 (HK$4.25); the latter has an average BTC purchase price of $52,609, with a cumulative profit of $41.99 million, and a stock price of $0.42 (HK$3.24).
Of course, the above is only the statistical data from the BitcoinTreasuries.Net website. Previously, according to the official announcement of Boyaa Interactive, as of November 12, it had held 2,641 BTC, with a total cost of about $142,722,654 and an average cost of about $54,027 per BTC. If calculated based on this data, its cumulative profit has already reached $113 million. As for Meitu, the company's founder Cai Wensheng is a well-known Bitcoin whale, so the company's actual BTC holdings should be no less than that.
The Biggest Beneficiary of "BTC Strategic Reserves": Japanese Listed Company Metaplanet
In the previous article 《A Quick Review of the Top 25 BTC Holdings of Listed Companies, Seeking the Secret to "Coin-Stock Dual Cultivation"》, we mentioned that the Japanese listed company Metaplanet (3350.T) is a follower of MicroStrategy's BTC strategic reserve and also the biggest beneficiary: since starting to buy BTC, its stock price has previously surged by as much as 468%, when its stock price was only $7.50; a month later, its BTC holdings have grown from the previous 861.4 coins to 1,142 coins, and its stock price has also soared to $16.54, an increase of more than 220%, making it another example of a "BTC leverage concept stock". At the same time, although its average purchase price is $65,972 per BTC, its cumulative profit is still as high as $35.71 million, ranking 11th.
Followers one after another: US-listed companies flock to the "BTC strategic reserve" lineup
Yesterday, MicroStrategy (MSTR) successfully climbed into the top 100 listed companies in the US, ranking 97th, thanks to its soaring stock price. On Tuesday, its stock price once surged 12%, breaking through the $400 mark, closing at $430, thus jumping 29 places, with its stock price up more than 500% so far this year.
Previously, according to reliable information, more than 60 listed companies have already adopted a BTC strategy, and thousands of private companies are also following suit.
Overview of leading listed companies implementing BTC strategy
At the same time, after November, with Trump's successful election as the 47th President of the United States, the crypto market has been soaring under the positive stimulus, just as the gradual introduction of custodial exchanges, publicly traded trusts, futures and spot ETFs has brought in a new type of capital allocator, a new class of BTC investors has also emerged on a large scale, which means that this month has seen another peak in BTC products: corporate leverage: MicroStrategy, MARA Holdings, Semler Scientific and MetaPlanet, four listed companies, have added tens of billions of dollars in collective debt to their balance sheets to purchase BTC.
Following this, the "strategic followers" have been joining one after another -
On November 19, US-listed company Genius Group Limited (GNS) announced that it has invested $10 million to purchase 110 BTC at an average price of $90,932, marking the company's establishment of a BTC reserve. This purchase was made after the company announced a "BTC-first" strategy on November 12, which promises to hold 90% or more of its existing and future reserves in the form of BTC, with an initial target of holding $120 million in BTC;
On the same day, the niche e-commerce platform focused on spirits and beverages, US-listed company LQR House Inc. (LQR), announced that its board of directors has approved the purchase of $1 million worth of BTC as part of its financial management strategy. In addition, the company will now accept cryptocurrency payments on CWSpirits.com, allowing customers to flexibly use digital currencies to purchase alcoholic beverages. As part of this plan, LQR House has adopted a policy to hold up to $10 million in cryptocurrency payments in BTC.
On November 20, the US-listed biopharmaceutical company Acurx Pharmaceuticals (ACXP) board of directors approved the purchase of $1 million worth of BTC as a reserve asset; on the same day, another US-listed company Hoth Therapeutics (HOTH) announced that its board of directors has approved the purchase of up to $1 million worth of BTC, with its CEO Robb Knie even stating: "We believe that BTC's anti-inflationary characteristics may make it a reliable asset with a store of value function."
It is clear that many listed companies have fully recognized the store of value function and stock price boosting effect of BTC, and have joined this "BTC strategic reserve race".
Conclusion: Buy BTC or miss out on BTC? That is the question
In 2022, the market experienced a series of black swan and implosion events that temporarily plunged it into a dormant state, but at that time, MicroStrategy CEO Michael Saylor continued to buy BTC, and along with another national-level BTC strategic reserve decision-maker, Salvadoran President Nayib Bukele, were mocked by many as "sleeping dragons and phoenix chicks", and now, with BTC price approaching $100,000, there is no doubt that buying BTC has made the two "momentary luminaries".
And now, for retail investors in the market and listed companies that have not yet bought BTC, the choice situation facing them is similar: whether to buy the stocks of listed companies that have already established BTC reserves VS whether to miss out on the opportunity to boost their stock prices through BTC strategic reserves?
To live or to die, in terms of investment, this is indeed a question.
