Originally published: Investor Ideas, 15 June 2021
New analysis by Nickel Digital Asset Management (Nickel), Europe’s leading regulated and award-winning investment manager dedicated to digital assets market, reveals that 19 listed companies with a market cap of over $1 trillion have around $6.5 billion invested in Bitcoin. They originally spent $4.3 billion buying the cryptocurrency.
While seven companies made their Bitcoin purchases in 2020, as many as eight new entrants, including Tesla, have allocated to Bitcoin in just the first four months of 2021. While Tesla later suspended acceptance of bitcoin as a means of payment for Tesla cars, it remained invested in the cryptocurrency.
Nickel Digital commissioned the market research company Pureprofile to interview 50 wealth managers and 50 institutional investors across the US, UK, Germany and Switzerland. The survey was conducted online in January 2021.
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