## Companies Invested in Bitcoin
As of January 2023, there are over 100 publicly traded companies that have invested in Bitcoin. Some of the most notable include:
**MicroStrategy**
* Founded in 1989, MicroStrategy is a business intelligence and software company.
* In August 2020, MicroStrategy announced that it had purchased 21,454 bitcoins for $250 million.
* As of January 2023, MicroStrategy owns over 130,000 bitcoins, worth over $4 billion.
**Tesla**
* Founded in 2003, Tesla is an electric car and clean energy company.
* In February 2021, Tesla announced that it had purchased $1.5 billion worth of Bitcoin.
* As of January 2023, Tesla owns over 43,000 bitcoins, worth over $1.5 billion.
**Block** (formerly Square)
* Founded in 2009, Block is a financial services and mobile payments company.
* In October 2020, Block announced that it had purchased $50 million worth of Bitcoin.
* As of January 2023, Block owns over 8,000 bitcoins, worth over $250 million.
**PayPal**
* Founded in 1998, PayPal is an online payments company.
* In October 2020, PayPal announced that it would allow its users to buy, sell, and hold Bitcoin.
* As of January 2023, PayPal does not own any Bitcoin directly, but its users own over $600 million worth of Bitcoin through the platform.
**Galaxy Digital**
* Founded in 2018, Galaxy Digital is a cryptocurrency investment and merchant bank.
* As of January 2023, Galaxy Digital owns over 40,000 bitcoins, worth over $1.3 billion.
**Marathon Digital**
* Founded in 2013, Marathon Digital is a Bitcoin mining company.
* As of January 2023, Marathon Digital owns over 9,000 bitcoins, worth over $280 million.
**Riot Blockchain**
* Founded in 2017, Riot Blockchain is a Bitcoin mining company.
* As of January 2023, Riot Blockchain owns over 6,000 bitcoins, worth over $190 million.
## Why are companies investing in Bitcoin?
There are a number of reasons why companies are investing in Bitcoin. Some of the most common reasons include:
* **Diversification:** Bitcoin is a new and uncorrelated asset class, which can help to diversify a portfolio and reduce overall risk.
* **Inflation hedge:** Bitcoin is often seen as a hedge against inflation, as its supply is limited and it cannot be debased by central banks.
* **Potential for growth:** Bitcoin has a long track record of price appreciation, and many investors believe that it still has the potential to grow significantly in the future.
* **FOMO:** Some companies may be investing in Bitcoin simply because they do not want to miss out on the potential upside.
## Risks of investing in Bitcoin
While there are a number of potential benefits to investing in Bitcoin, there are also a number of risks. Some of the most common risks include:
* **Volatility:** Bitcoin is a highly volatile asset, and its price can fluctuate significantly in a short period of time.
* **Lack of regulation:** Bitcoin is not regulated by any government or central bank, which means that there is no guarantee of its safety or stability.
* **Security risks:** Bitcoin is stored in digital wallets, which can be hacked or stolen.
* **Counterparty risk:** When you buy or sell Bitcoin, you are relying on the counterparty to fulfill their side of the transaction. There is always the risk that the counterparty will not be able or willing to do so.
## Conclusion
Investing in Bitcoin is a complex decision that should be made after careful consideration of the risks and potential rewards. While there are a number of potential benefits to investing in Bitcoin, there are also a number of risks that should be considered. Before investing in Bitcoin, it is important to do your own research and to speak with a financial advisor.