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New analysis by London-based Nickel Digital Asset Management (Nickel), Europe’s award-winning, regulated digital assets hedge fund manager founded by alumni of Bankers Trust, Goldman Sachs and JPMorgan, shows 38 listed companies with a combined market cap of over $961 billion have around $12 billion in Bitcoin. This represents 1.25% of the total Bitcoin supply cap, which is pegged at 21 million.
The research also reveals a 69% increase in the value of their holdings, when compared to just seven weeks ago. It comes after the price of Bitcoin hit a 19-month high on 4 December 2023, rising to more than $42,000. The listed companies with Bitcoin investments include major firms such as Tesla and business intelligence and analytics group MicroStrategy. Nickel’s analysis...
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