Bitcoin is the largest blockchain-based digital asset, with a market capitalization of $432 billion as of July 24, 2022. It is wildly popular among cryptocurrency enthusiasts and speculative investors.
Several wealthy business owners and entrepreneurs have invested heavily in this digital asset. Here are the leading investors in Bitcoin, compiled from financial reports and media outlets.
1. Barry Silbert
Barry Silbert is the founder and chief executive officer of Digital Currency Group. The company aims to accelerate the development of the global financial system by building and supporting bitcoin and blockchain companies. Digital Currency Group has invested in 166 blockchain- and cryptocurrency-related companies.
Other portfolio companies include Genesis, a liquidity provider—an entity that funds a pool with cryptocurrency—for cryptocurrency buyers and sellers in the over-the-counter market.
Digital Currency Group also owns Grayscale Investments, which manages the Bitcoin Trust (GBTC), an investment vehicle that holds $14.4 billion in bitcoin as of July 22, 2022, and gives investors exposure to its price movements.
2. Michael Saylor
The co-founder and CEO of business intelligence firm MicroStrategy, Michael Saylor, believes that cryptocurrency is the next biggest investment.
MicroStrategy increased its bitcoin holdings in July 2022, purchasing 400 bitcoins for about $10 million. The company holds a total of 129,699 bitcoins.
3. Tyler and Cameron Winklevoss
Cameron and Tyler Winklevoss are investors in several cryptocurrencies and blockchain-related businesses, most notably the privately-owned Gemini exchange.
They are believed to be the first to reach billionaire status by investing in Bitcoin, reportedly holding about 70,000 coins, according to Forbes.
The Winklevoss twins launched the Gemini exchange in 2015. The company allows investors to buy, sell, and store their digital assets.
Gemini launched bitcoin futures on the CBOE Options Exchange (CBOE) in December 2017. In addition to bitcoin, the brothers are heavily invested in Ethereum, although they have not revealed their exact holdings.
4. Elon Musk
Elon Musk is the CEO and co-founder of Tesla (and other companies). Tesla engineers and builds electric vehicles and clean energy products.
As an innovative company standing at the forefront of technology, it should be expected that it would own cryptocurrency—Tesla purchased $1.5 billion worth of bitcoin in 2021 to begin accepting it as a form of payment.
5. Michael Novogratz
Michael Novogratz, a former hedge fund manager at Fortress Investment Group and partner at Goldman Sachs, is a frequent commentator on bitcoin price action.
He is the founder, CEO, and chair of Galaxy Digital Holdings, a broker-dealer that offers a full range of blockchain-related asset services. Source: Investopedia...