Several companies are hoarding Bitcoin as a strategy to potentially boost their stock prices.
Here's a list of notable companies engaging in this practice:
1. MicroStrategy (MSTR): Holds approximately 279,420 bitcoins as of November 10, 2024.
2. Marathon Digital Holdings (MARA): Holds 10,427 BTC
3. Riot Platforms (RIOT): Holds 10,427 BTC.
4. CleanSpark (CLSK): Exact holdings not specified, but actively involved in Bitcoin mining.
5. Galaxy Digital: Holds 4,000 BTC.
6. Exodus (EXOD): Purchased 1,787 bitcoins in December 2023
7. NEXON: Holds 1,717 BTC.
8. Bit Digital (BTBT): Holds 731 BTC.
9. BIGG Digital Assets Inc: Holds 575 BTC.
10. Metaplanet: Recently doubled its BTC holdings to 855.5 bitcoins.
These companies have seen significant stock price increases correlating with their Bitcoin holdings. For example, MicroStrategy's stock price has increased by more than 26 times since August 2020 when it began its Bitcoin acquisition strategy. Similarly, Exodus has seen its stock price rise by 687% since its Bitcoin purchase.
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