These six non-crypto firms are copying MicroStrategy and gobbling up Bitcoin

They span industries similar wellness tech, sustainable energy, gaming, and education, but stock the aforesaid strategy — stacking Bitcoin.

The maneuver has been precise lucrative for MicroStrategy. Since making its archetypal Bitcoin acquisition successful 2020, MicroStrategy’s banal has soared 22-fold.

Now, different companies are looking to replicate that success, particularly with Bitcoin trading astatine a 15% discount to its all-time precocious past month.

And Bitcoin advocates are trying to property Big Tech giants specified arsenic Microsoft, Amazon, and Meta to see putting the apical cryptocurrency connected their equilibrium sheets.

Here’s a sampling of listed companies that person already followed MicroStrategy’s lead:

Boyaa Interactive

Hong Kong-listed Boyaa Interactive is Asia’s apical firm Bitcoin holder.

Often referred to arsenic the ‘MicroStrategy of Hong Kong,’ the institution holds 3,183 Bitcoin, valued astatine astir $300 million.

Boyaa is chiefly a developer of online committee and paper games.

The institution successful December swapped $50 cardinal worthy of Ethereum it was holding for much Bitcoin.

Semler Scientific

Semler Scientific is simply a US-based wellness exertion institution specialising successful diagnostic and monitoring tools.

CEO Eric Semler is an outspoken Bitcoin supporter, prominently displaying Bitcoin successful his Twitter illustration banner and pinning tweets by MicroStrategy president Michael Saylor.

“Why haven’t much nationalist companies adopted a Bitcoin treasury strategy?” said Semler successful December.

He went adjacent further, predicting that “it volition beryllium considered irresponsible for nationalist companies not to ain Bitcoin connected their equilibrium sheets.”

Semler Scientific present holds 2,084 Bitcoin, valued astatine astir $200 million. Its banal terms has much than doubled since its archetypal Bitcoin bargain successful May.

Metaplanet

Metaplanet, besides inspired by MicroStrategy, holds 1,762 BTC worthy astir $165 million.

In a caller statement, CEO Simon Gerovich outlined goals for 2025, including expanding its Bitcoin holdings to 10,000 BTC.

Similar to MicroStrategy itself, Metaplanet’s banal terms has seen a spike of implicit 2,200% since it started buying Bitcoin successful April of past year.

Cango

Shanghai-based Cango, an car indebtedness provider, has entered the Bitcoin abstraction by mining it straight alternatively of buying. The institution invested $400 million into purchasing Bitcoin mining instrumentality successful November.

It has managed to get 933 Bitcoins since past — a stash worthy $87 million.

Cango’s banal terms has much than doubled successful the aforesaid period.

KULR Technology Group

KULR, a thermal absorption and vigor solutions company, is the newest entrant connected this list.

It began its MicroStrategy-esque Bitcoin strategy little than 1 period ago, with an archetypal acquisition of 217 Bitcoin.

At the time, KULR revealed it would beryllium putting 90% of its currency reserves into staggered Bitcoin buys.

Not adjacent 2 weeks aft the archetypal buy, KULR purchased different 213 Bitcoin, bringing the worth of its stockpile to $40 million.

However, Bitcoin has been successful a spot of a rut since then. Anyone who bought KULR banal connected the aforesaid time arsenic its archetypal Bitcoin bargain is down 30% today.

Genius Group

Genius Group, a Singapore-based AI-driven acquisition and concern firm, adopted its ain “Bitcoin-first” treasury strategy.

It presently holds 372 Bitcoin worthy astir $35 million, though its banal has dropped by implicit 27% since its archetypal Bitcoin acquisition successful November.

The institution aims to integrate Bitcoin payments connected its EdTech level and motorboat blockchain acquisition programs.

Kyle Baird is DL News’ Weekend Editor. Got a tip? Email astatine [email protected].