Bitcoin buying plan from MicroStrategy— which has been maligned by major corporations — has generated massive profits for the software company amid recent events Bitcoin boom, pushing its stock price to all-time highs in recent months as the value of its stash surpassed $40 billion in the currency.

Its success has inspired a host of imitators, although MicroStrategy founder and CEO Michael Saylor probably wouldn't mind — it was... Call for such a movement For years now.

In recent months, several publicly traded companies have greenlighted corporate strategies to accumulate Bitcoin as a treasury reserve asset, while other companies that have already invested in the cryptocurrency are building their holdings of the asset.

more than 70 companies I dove head-first into MicroStrategy's first-ever cryptocurrency strategy at a time when Bitcoin is riding high: President-elect Donald Trump pledged last summer to create a national stockpile of the digital currency, and the token reached an all-time high of $108,000 in December.

Although Bitcoin is hovering below the $95,000 level at the time of writing, there does not appear to be any sign of this trend slowing down – several companies have announced their own plans over the past week.

Here are seven other publicly traded companies that are following MicroStrategy's lead and stacking Bitcoin.

Tesla

Electric car manufacturer Tesla led Dogecoin fan Elon MuskHold Bitcoin for four years. Despite that Transferred their tokens to new wallets Last fall, there was no indication that the automaker was selling its Bitcoin.

Tesla has a long history with Bitcoin. Public joint stock company first open It invested $1.5 billion in the world's oldest cryptocurrency in February 2021, with plans to accept the tokens as payment for its vehicles.

He - she I backed out of the last plans After Musk expressed concern about the environmental impact of Bitcoin mining,... Some coins sold-But he still has a big cache. The company owns about 10,000 Bitcoin, as of the most recent quarter Deposit With federal regulatory agencies.

roadblock

Financial services group Block — the company behind payments platform Square — owns more than 8,000 bitcoin worth at least $758 million as of writing, according to one report. appreciation.

The company founded by Jack Dorsey began buying Bitcoin a few months after MicroStrategy. My first Bitcoin purchase came in October 2020, when I acquired over 4,700 tokens.

rumble

In November, video streaming platform Rumble became one of the latest public companies to greenlight a Bitcoin treasury reserve strategy. Under the Bitcoin purchase plan, Rumble will invest up to $20 million in digital assets, according to the company statement.

It also aims to reinvent itself as the platform of choice for the cryptocurrency community. To achieve this goal, the company established He received a $775 million injection From the stablecoin company Tether.

Living brands

Cannabis company LEEF Brands announced in December that it would adopt Bitcoin as a treasury reserve asset.

The Canadian company plans to make the investment through a $5 million Bitcoin-backed bond offering, according to the company statement.

Semler Scientific

Medical technology company Semler Scientific began buying the largest cryptocurrency by market capitalization last May, when it did so For the first time Bitcoin Reserve Treasury Strategy.

Since then, the company has made several large purchases of the coin, with activity increasing in the latter half of last year.

“We plan to continue purchasing bitcoin with cash from operations and from cash proceeds from our sales under our ATM program,” Semler Scientific CEO Eric Semler said in November. “We are exploring additional financing opportunities that will enable us to acquire more Bitcoin.”

Semler Scientific owned 2,084 Bitcoin as of December 15, According to To its website. The value of the coins is approximately $200 million as of press time.

Banzai

Marketing technology solutions company Banzai announced in November that it would spend up to 10% of the funds in the company's treasury on Bitcoin. Adding bitcoin to Banzai's balance sheet will diversify the assets in its treasury, as well as enable the company to benefit from the cryptocurrency's long-term value growth, said Joe Diffie, Banzai's CEO. He said Last year in a statement.

Modified by Andrew Hayward