Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010 )
In the previous article 《A quick look at the top 25 BTC holdings of listed companies, seeking the secret to "coin-stock dual cultivation"》, we had systematically sorted out the top 25 BTC holdings of listed companies, among which, MicroStrategy (MSTR) stock price soared from around $194 to nearly $500 in about a month, an increase of about 150%. In addition, with BTC price breaking through around $97,000 and setting new highs, its BTC holdings have accumulated a profit of nearly $15.7 billion, continuing to lead the ranking of BTC holdings profits of listed companies.
Not only that, the world-renowned tech giant Microsoft had 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 before: 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 stock price rise, and rejecting BTC will lead to stock price weakness, the choice is self-evident.
Odaily Planet Daily will review and sort out the top 15 listed companies in terms of BTC holdings 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 terms of BTC holdings profits: MicroStrategy leads, Coinbase ranks second, Tesla ranks third
According to the statistics of the BitcoinTreasuries.Net website, the list of the top 15 listed companies in terms of total BTC holdings profits is as follows:
Top three players: Bitcoin leverage concept stocks, the first crypto exchange stock, new energy + Musk concept stocks
Among them, MicroStrategy (MSTR) ranks first with a total profit of nearly $15.7 billion, of which:
BTC holdings of 331,200 BTC;
Total value of around $322 billion;
Average purchase price of $49,874;
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 BTC;
Total value of around $9.2 billion;
Average purchase price of $12,342;
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 BTC;
Total value of around $9.45 billion;
Average purchase price of $34,722;
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, the one with a profit growth multiple as high as 29.6 times is a private equity and consulting company from Germany, Bitcoin Group SE. According to Yahoo Finance, it operates the digital currency Bitcoin trading platform Bitcoin.de under its subsidiary Priority AG, and has been holding Bitcoin globally since December 31, 2021. It currently holds 3,589 BTC with an average cost of only $3,285, and the current stock price is $68.67 ($65.20). The last trading operation was in late June 2022, when it sold 179 BTC at $20,109, and the holdings have remained unchanged since then.
Coincidentally, another company with a profit growth multiple as high as 10.98 times is also a German company - Advanced Bitcoin Technologies AG. According to Yahoo Finance, this is a software company founded in 2015, mainly developing cryptocurrency and artificial intelligence software products in the fintech field, and also providing cryptocurrency payment services. Its BTC holdings are 242.2 BTC, with a total value of $23.55 million, but its average purchase price is only $8,853, while its stock price is only $0.20 ($0.19).
Hong Kong stock twin stars: Boyaa Interactive and Meitu
For Hong Kong-listed companies, the game company Boyaa Interactive (0434) and the internet company Meitu (1357) have 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 ($4.25 HKD);
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 ($3.24 HKD).
Of course, the above is only the statistical data of 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. And the founder of Meitu, 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 the "BTC Strategic Reserve": Japanese Listed Company Metaplanet
In the previous article "A Quick Review of the Top 25 BTC Holdings of Listed Companies, Seeking the Secret to Becoming a 'Coin-Stock Dual Cultivator', we had mentioned that the Japanese listed company Metaplanet (3350.T) is a follower of the "MicroStrategy 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 today, 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 over 220%, making it another example of a "BTC leverage concept stock". At the same time, although its average purchase price is $65,972, its cumulative profit still reaches $35.71 million, ranking 11th.
Followers Rushing In: U.S. Listed Companies Flocking to the "BTC Strategic Reserve" Ranks
Yesterday, MicroStrategy (MSTR) successfully entered the top 100 U.S. listed companies, 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% year-to-date.
Previously, according to reliable information, more than 60 listed companies have already adopted a Bitcoin strategy, and thousands of private companies are also following suit.
An Overview of the Leading Listed Companies Implementing the BTC Strategy
At the same time, as November arrived, 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 en masse, which means that this month has seen another peak in a new type of BTC product: corporate leverage. MicroStrategy, MARA Holdings, Semler Scientific and MetaPlanet, four listed companies, have added 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, U.S. listed company Genius Group Limited (GNS) announced that it has spent $10 million to buy 110 BTC at an average price of $90,932, marking the company's formal establishment of a BTC reserve. This purchase comes after the company announced its "Bitcoin 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, U.S. 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 crypto payments in BTC.
On November 20, U.S. listed biopharmaceutical company Acurx Pharmaceuticals (ACXP) had its board of directors approve the purchase of $1 million in BTC as a reserve asset; on the same day, another U.S. listed company Hoth Therapeutics (HOTH) announced that its board of directors has approved the purchase of up to $1 million in 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 value storage function and stock price boosting effect of BTC, and have joined this "BTC Strategic Reserve Race".
Conclusion: To Buy BTC or to Miss 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 the $100,000 mark, there is no doubt that buying BTC has made the two "momentarily brilliant".
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 the opportunity to boost their stock prices through BTC strategic reserves?
To be or not to be, in terms of investment, this is indeed a question.
