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Top Five Publicly Traded Companies Using the Blockchain

In this article, we will understand all about the publicly traded companies using the blockchain.

Some Companies who trade publicly use the blockchain for some transactions and in conducting business.

Blockchain’s application comes in different varieties and helps to support companies of different sizes and industries.

Monitoring and tracking of products and services are becoming a serious concern for many companies and subsequently are creating an opportunity for businesses to implement blockchain.

What are Publicly Traded Companies Using the Blockchain?

These are corporations whose shareholders have a claim in part of the company’s assets and the profit realized at the end of the trading period.

In addition, a publicly traded company is required to regularly disclose its financial and business information to the general public.

Top Five Publicly Traded Companies Using the Blockchain
Photocredit: Built In

What is the Blockchain Company Europe?

These blockchain companies are some of the top industrial companies that focus on and utilize the blockchain platform to perform digital transactions.

These are the top blockchain companies in Europe, some of which include:

  • BitStamp
  • Blockchain, Inc
  • Celsius Network
  • Chroma Way
  • Chain analysis
  • Digital Ark
  • IOTA Foundation
  • Nchain
  • Open Ledger
  • Tezos Foundation
  • Token Analyst
  • Genexus

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Top Five Publicly Traded Company that Uses Bitcoin

  • MicroStrategy

This is a prominent and well-known platform that adopts bitcoin as its major reserve asset. Since the beginning of 2021, the firm that produces software and cloud-based services has continued buying bitcoin consistently.

While other managers do not discuss their investments, the CEO of Micro Strategy has publicly known that he holds 17,732 BTC worth over $565 million.

  • Tesla

Another high-rank holder of bitcoin is Tesla, which is an electrical vehicle manufacturing company. The company revealed its investment of an aggregate sum of $1.50 billion into cryptocurrency and, majorly, bitcoin.

According to SEC filing, which revealed the company intending investment, Tesla bitcoin purchase reflects an increased investment policy targeted at diversifying its cash on hand and maximizing returns.

The filing stated that “the company may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds, and other assets as specified in the future.”

The company’s Bitcoin play followed months of speculation, as CEO Elon Musk took to Twitter to discuss the cryptocurrency.

In late 2020, MicroStrategy’s Saylor offered to share his “playbook” for Bitcoin investing with Musk after arguing that a move into Bitcoin would be doing Tesla shareholders a “$100 billion favor.”

  • Galaxy Digital Holdings

This company is known as the largest holder of bitcoin that directly transacts in the Crypto industry. The Crypto-focused institution Galaxy Digital Holdings holds 16,000 BTC worth $522 million at the current price.

This institution which Michael Novogratz formed in January 2018, has partnered with top crypto firms such as BlockFi and BlockOne.

The founder is a keen advocate for bitcoin, and in April 2020, he noted that various encouraging measures announced during the coronavirus pandemic were drivers towards interest in cryptocurrencies.

  • Square Inc.

Just like Tesla company’s purchase of bitcoin, Square’s purchase in 2020 of over 50 million worth of bitcoin paved the way for the institutional investment in cryptocurrency.

Since then, the company has constantly invested in bitcoin, revealing that it made over $170 million worth in its Q/P 2020 earnings. Its CEO Jack Dorsey, is an enthusiastic advocate for the cryptocurrency asset, even running his bitcoin branch.

  • Coinbase Global, Inc.

Among the list of publicly traded companies using the blockchain, Coinbase Global Inc is arguably one of the best-known Crypto firms. It went public in a direct listing on Nasdaq in April 2021. Its move has been hailed as a landmark for various Crypto industries.

Ahead of its listing, in February 2021, Coinbase revealed that it held $230 million in Bitcoin on its balance sheet; by July 2021, its Bitcoin holdings had slipped to $143 million (4,482 BTC).

We hope this article has helped introduce some of the publicly traded companies using the blockchain and their services.

For your views and opinions on publicly traded companies using the blockchain, kindly use the comment section.

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