Public Companies Investment in Bitcoin Soared in 2021
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The amount of Bitcoin held by publicly traded companies has increased significantly from that held in spot ETFs, crypto analyst Willy Woo has reported via Twitter.

In particular, he said today public companies holding "significant BTC have gained market share from spot ETFs as a way to access BTC exposure on public equity markets."

Apparently, this has become especially notable since MicroStrategy's "Bitcoin for Corporations" conference, held last February 3-4, 2021. The aim of the webinar was to explain the legal considerations for companies wishing to integrate Bitcoin into their business and reserves.

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MicroStrategy itself, owned by Michael Saylor, is a leading business intelligence firm and is known to be particularly bullish on BTC, owning nearly $6 billion in crypto assets.

Without going any further, last December 30, Saylor's company acquired another 1,914 BTC for $94 million. The company has gained more than $2.1 billion in profits since its initial BTC purchase in August 2020.

According to BitcoinTreasuries, MicroStrategy is the largest corporate investor, with 124,391 BTC worth about $5.8 billion, while second place is held by Tesla, which owns about 43,200 BTC worth about $2 billion.

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