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Bitcoin holdings of public companies have surged in 2021
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The quantity of Bitcoin held by private corporations has increased significantly during 2021, building on increases from the previous year.
In a Jan. 3 tweet, on-chain analyst Willy Woo claimed that public companies holding “significant BTC have gained market share from spot ETFs as a way to access BTC exposure on public equity markets”.
This has been more noticeable since MicroStrategy's "Bitcoin for Corporations" conference on Feb. 3 and 4, 2021. The online seminar aimed to explain the legal considerations for firms seeking to integrate Bitcoin into their businesses and reserves.
Michael Saylor’s MicroStrategy is a leading business intelligence firm and is known for being particularly bullish on BTC, owning almost $6 billion in crypto
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