Tesla has invested US$1.5b in Bitcoin (meaning their clients can purchase Tesla products with Bitcoins),
MicroStrategy, a prominent business analytics platform, has adopted Bitcoin as its primary reserve asset with 71,079 BTC in reserve, equivalent to over $3 billion,
Crypto-focused merchant bank Galaxy Digital Holdings holds 16,402 BTC, worth just over $770 million,
Grayscale Investments has by far the largest Bitcoin portfolio of any institutional investment platform, with
over $30 billion in BTC. It also runs the
Grayscale Digital Large Cap Fund with Bitcoin amounts to some 7,036 BTC, currently worth over $330 million.
CoinShares Group, one of the earliest pioneers in digital asset investments, as of February 2021, has 69,730 BTC currently worth just over $3.2 billion.
London-based asset manager
Ruffer Investment Company, its 45,000 BTC in December 2020, allocated 2.5% of its Multi-Strategies Fund to Bitcoin worth around $870 million at the time of purchase, is now worth over $2 billion.
Canadian crypto-asset portfolio manager
3iQ holds 22,590 BTC, worth just over $1 billion
The world's first centrally cleared Bitcoin exchange-traded product (ETP), ETC Group's Bitcoin ETF, BTCE, is physically backed by Bitcoin stored with California-based BitGo Trust, and currently holds 12,840 BTC, worth just over $600 million at today's prices.
10 Crypto Index Fund is the first publicly traded
crypto index fund in the US is managing 11,430 BTC, worth around $536 million.
And more big companies, investment funds, and even USA State government are thinking of jumping on the bandwagon.
Does that make Bitcoin too big to fail? Interesting question!