0.56% of BTC market cap are now held by public listed companies

[coingecko]

Yesterday Tesla announced that they are purchasing $1.5B worth of bitcoin. It is unknown at what price they are purchasing at this moment, however excluding Tesla we are seeing 0.56% of the total market cap of BTC held by public companies. It is expected that the number may continue to grow as more public companies consider whether to hold bitcoins or not as part of corporate treasuries.

The other risks is how would governments and regulators respond to this as more private companies are looking to acquire bitcoin over fiat currencies

Companies with BTC holdings: https://www.coingecko.com/en/public-companies-bitcoin

[1715154966]

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[1715154966]

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[Lorence.xD]

What does this spell for the market if more or less than 1% of the total market cap is being held by publicly listed companies? If their total is this small then this means that there isn't any 51% attack that we should worry about then? My hunch tells me that this event of Tesla buying bitcoin is going to be a precedent for more private companies to buy bitcoin for their bitcoin.

[bryant.coleman]

The details from the Bitcoin purchase by Tesla is not known yet. They have only revealed about the total amount that they spent till January 2021. Now there is a catch here. On 31st January 2021, Bitcoin was trading at approx. $33,000 per coin. The prices have increased by almost 50% since then. So I assume that the total worth of BTC held by Tesla right now may be around $2 - $2.5 billion. Still from the list provided by Coingecko, MicroStrategy is holding $3.3 billion worth of BTC right now. So if the assumption is correct, then the recent purchase may place Tesla at the second position.

[dkbit98]

Companies with BTC holdings: https://www.coingecko.com/en/public-companies-bitcoin

I am sure more companies will soon follow this path, but Tesla may be holding even more than 0.56% of BTC supply if we know that many Bitcoins are lost forever that reduces it's real supply.

Maybe you can also consider adding separate page for Grayscale and similar investment trust companies that are not holding Bitcoin themselves like Tesla, MicroStrategy, Square and others, but it is something I would like to see on Coingecko website.
Currently I can check this only on Grayscale official website or on bybt website:
https://www.bybt.com/Grayscale

[Upgrade00]

What does this spell for the market if more or less than 1% of the total market cap is being held by publicly listed companies? If their total is this small then this means that there isn't any 51% attack that we should worry about then?

51% attack is not dependent on how much Bitcoin an individual or group owns, but rather how much hashrate they own.
One can only try to move the market if they hold a large amount of BTC by putting sell orders at a certain amounts on multiple exchanges, but to influence the network, a pretty high amount of mining gear would have to be utilized, and it would be largely unprofitable as such a suspicious activity would be discovered quickly enough.

[ashmodeus]

yep indeed , even a big company such as TESLA dare to buy bitcoin, what about minor company ? guess they will following it, and well, time to government announced the new law for it xD , and well , probably individual like us also included. i just wonder how the central bank will deal with it.

What does this spell for the market if more or less than 1% of the total market cap is being held by publicly listed companies? If their total is this small then this means that there isn't any 51% attack that we should worry about then?

51% attack is not dependent on how much Bitcoin an individual or group owns, but rather how much hashrate they own.
One can only try to move the market if they hold a large amount of BTC by putting sell orders at a certain amounts on multiple exchanges, but to influence the network, a pretty high amount of mining gear would have to be utilized, and it would be largely unprofitable as such a suspicious activity would be discovered quickly enough.

yep , that true , the 51% attack its based on hashrate, since it is a PoW , i try to learn it when binance got hacked a few years ago , @CZ said he can do that to rollback the blocks , but he choose not to that.

what i want to talk here is when a big company like tesla invested their money into bitcoin, its mean bitcoin will be serious bussiness right now, and the hashrate will divide more evenly as new miners emerge , and of course 51% attack will be hard to do.

[coingecko]

Yeah once we have identified the amount of BTC obtained by Tesla we will update this list and re-order it based on today's value holdings.
We are keeping it to public companies for now for simplicity, but definitely open to including others like Grayscale too

Lets see how long it takes from here for the next public company to have a BTC holding strategy, whether big or small it will give sign on this trend

[tinopener]

As far as I can tell, all company investors so far have been:

-investment companies
-cutting edge tech companies

Until a mainstream non-tech such as Johnson & Johnson (for example) adds it to their balance sheet, then the big breakthrough won't happen.

[Darker45]

Yesterday Tesla announced that they are purchasing $1.5B worth of bitcoin. It is unknown at what price they are purchasing at this moment, however excluding Tesla we are seeing 0.56% of the total market cap of BTC held by public companies. It is expected that the number may continue to grow as more public companies consider whether to hold bitcoins or not as part of corporate treasuries.

It seems to me a big of a deal that Tesla has finally joined the Bitcoin Mania. It might be the one final move that will turn a lot of companies or individuals into Bitcoin. I'm sure there were doubts that were finally resolved after Tesla's decision to convert $1.5 billion of their fiat into Bitcoin. That's something that will definitely clear and provide a green light to a lot of companies' withheld decision as to whether to invest in Bitcoin or not.

The other risks is how would governments and regulators respond to this as more private companies are looking to acquire bitcoin over fiat currencies

But the risk is somehow minimized as Tesla is now on the other side. Government regulators cannot just do their thing knowing that they are up against certain huge and reputable names which are better off befriended rather than made into enemies.

[scdontplay]

As far as I can tell, all company investors so far have been:

-investment companies
-cutting edge tech companies

Until a mainstream non-tech such as Johnson & Johnson (for example) adds it to their balance sheet, then the big breakthrough won't happen.

MassMutual Insurance Co has been a notable exception

https://www.bloomberg.com/news/articles/2020-12-10/169-year-old-insurer-massmutual-invests-100-million-in-bitcoin

[Lorence.xD]

~

51% attack is not dependent on how much Bitcoin an individual or group owns, but rather how much hashrate they own.
One can only try to move the market if they hold a large amount of BTC by putting sell orders at a certain amounts on multiple exchanges, but to influence the network, a pretty high amount of mining gear would have to be utilized, and it would be largely unprofitable as such a suspicious activity would be discovered quickly enough.

Okay, I got it. Why would anyone do it though cause you already said, that it is not profitable and it would be easily discoverable? And how would they discover who did it? Are there any precise way to determine who did it?

[dansus021]

MassMutual Insurance Co has been a notable exception

https://www.bloomberg.com/news/articles/2020-12-10/169-year-old-insurer-massmutual-invests-100-million-in-bitcoin

damn so many company joined the party just wait the time to bitcoin price will pump to $75K Maybe not just moon it mars

[20kevin20]

Now that Bitcoin is being slowly accumulated by public companies, I can see a BTC ban less possible than ever before. How I take it is, this could either turn the entire BTC bull market into a spectacular growth this year or it could be the first time Butcoin doesn't go wild after halving. The latter seems more relevant to me though, since the rich like manipulating markets to their own advantage - and it seems like the rich have missed the train with BTC long time ago ..

[leea-1334]

Kind of sad to read this news to be honest,,, I mean soon that will be 1% and then we all see the one percenters going right back into one percenter and get even richer. And not to mention the other whales who own much more who are not public listed companies.

While the rest of us still dream of 1 BTC haha:)

[Vishnu.Reang]

Kind of sad to read this news to be honest,,, I mean soon that will be 1% and then we all see the one percenters going right back into one percenter and get even richer. And not to mention the other whales who own much more who are not public listed companies.

While the rest of us still dream of 1 BTC haha:)

It maybe already more than 1%. I can't find Overstock in this list and this means that the list prepared by Coingecko is incomplete. Overstock was one of the first companies to accept Bitcoin as a payment method and back then they were holding 10% of their Bitcoin revenues for the long term. However, I haven't heard anything from them recently related to Bitcoin. They went through some bad times in 2019, when the stock prices crashed by more than 90%. A few days back, I was able to find this article though:

https://seekingalpha.com/news/3659413-overstockcom-rallies-6-after-tesla-cozies-up-to-crypto

[zanezane]

Kind of sad to read this news to be honest,,, I mean soon that will be 1% and then we all see the one percenters going right back into one percenter and get even richer. And not to mention the other whales who own much more who are not public listed companies.

While the rest of us still dream of 1 BTC haha:)

Too sad but that is the reality, we have no money to buy that much bitcoin at every price point and we didn't know how the market will get this big. I don't think that we don't have to worry about it though, this people will not make money that easily if they go for a dump, they will be planning something elaborate to make this thing look so natural trust me. Now that I have thought of it, with almost half of 1% is publicly listed, how much is really being held by the big ones, those that did not get theirs listed, the unknown is the more scary one.

[Coinsfera]

Yesterday Tesla announced that they are purchasing $1.5B worth of bitcoin. It is unknown at what price they are purchasing at this moment, however excluding Tesla we are seeing 0.56% of the total market cap of BTC held by public companies. It is expected that the number may continue to grow as more public companies consider whether to hold bitcoins or not as part of corporate treasuries.

The other risks is how would governments and regulators respond to this as more private companies are looking to acquire bitcoin over fiat currencies

Companies with BTC holdings: https://www.coingecko.com/en/public-companies-bitcoin

The wave of Bitcoin adoption began mostly with the technology companies. There is a high probability that the next company also will be the technology company. If Bitcoin adoption spreads to non-tech companies then it will be another great milestone for Bitcoin. Only 1% of the market cap is controlled by companies then we can say that the controlling power of Bitcoin is still on the bitcoiners. Buy and Hodl! This is the way!

[dothebeats]

Ahhh, they really like to belong to that less than 1% club don't they?

Though that's the current case, most of the coins right now are held by exchanges and mining firms, next are the early adopters who are still holding then these guys who came in late to the party. 1% is already a significant number in bitcoin, knowing that the whole market cap isn't really up to the last decimal as some coins are already lost. In the future if bitcoin ever does go mainstream, imagine the influence they will have in the market. A small investment today will net them a huge influence in the future, that's for sure.

What does this spell for the market if more or less than 1% of the total market cap is being held by publicly listed companies? If their total is this small then this means that there isn't any 51% attack that we should worry about then? My hunch tells me that this event of Tesla buying bitcoin is going to be a precedent for more private companies to buy bitcoin for their bitcoin.

The 51% attack is an attack on the network, requiring 51% of the network hash power to overwrite the chain with their own version adding or deleting transactions in the process.

[DapanasFruit]

Certainly, there can be an appropriate reaction in terms of regulations from the government sooner or later...they can be subtly packaged or really an out-and-open pronouncement of policy regarding cryptocurrency and those companies involved. However, am not seeing a direct impact yet on small retail investors like you and me though on matters of taxes there can be more as years go by. Maybe the other issue here is what can the possible side effects will the holdings of big corporations to the world of cryptocurrency and decentralization...will there be nothing or something may crop up later?

[Ozero]

Kind of sad to read this news to be honest,,, I mean soon that will be 1% and then we all see the one percenters going right back into one percenter and get even richer. And not to mention the other whales who own much more who are not public listed companies.

While the rest of us still dream of 1 BTC haha:)

Yes, only 0.56 percent of bitcoins are officially owned by legal entities, in fact, this is very, very little. Perhaps after Tesla has taken this step, many business structures will do the same. True, this may be hindered by the lack of a legal framework in many countries. Anyway, this is not a quick process. Therefore, we are now seeing another decline in the price of bitcoin. Let's see what the price movement will be over the next month.

[franky1]

they say more than 1.8mill coins are held by exchanges.
so thats 10% held by private companies as a minimum

[lalabotax]

yes, Tesla has  bought it. I also have questions, will other big companies also will buy Bitcoin?

I also wonder how long that company will hold that asset. Of they sell it at ine time, it will exactly give influence to the market. Dump and pump may be easily manipulated.

[MCobian]

I am sure that there are many public companies investing in Bitcoin, make Bitcoin fundamentals even stronger and this will not make Bitcoin
price correction too deep. Moreover, public companies investing in Bitcoin for the long term, so it can make Bitcoin prices even higher. I believe
that this year it is very likely that Bitcoin price can hit the price of $ 100k. After all, with the news of TESLA investing in Bitcoin can be a trigger
to make more and more people invest in Bitcoin.