Bitcoin’s massive potential has led several giants in the crypto market to capitalize on its likely upturn through accumulation. In this regard, we always hear many times about MicroStrategy’s BTC acquisition. However, Bitcoin is not the only corporate firm acquiring BTC. As per CryptoQuant, the top 6 platforms purchasing Bitcoin include MicroStrategy, Semler Scientific, Metaplanet, Riot Platforms, Marathon Digital Holdings, and Tesla. The on-chain analytics provider discussed the massive buyout strategy of these well-known companies.
MicroStrategy Accumulates $BTC for Six Weeks Consecutively
CryptoQuant mentioned that MicroStrategy is the top Bitcoin investor. The platform has reportedly been purchasing Bitcoin for consecutive 6 weeks. The company has adopted a “Bitcoin Corporate Strategy” just like some other platforms. With continuous Bitcoin purchases, the platform eyes massive gains triggered by the future price actions.
Semler Scientific Purchases 2,084 $BTC in its Bitcoin Buying Spree
In addition to this, Semler Scientific is another firm that is doubling down on Bitcoin investment. As CryptoQuant added, the medical equipment firm has recently adopted a treasury strategy led by Bitcoin. This plan reportedly began on the 28th of May this year. As a part of this strategy, the platform has reportedly purchased a staggering amount of 2,084 $BTC. Hence, Semlere Scientific’s cumulative investment for BTC buyout has reached $170M. Simultaneously, it recorded $80,916 in the realized price.
Tokyo-Listed Metaplanet Buys 1,142 $BTC in Its Solid Bitcoin Acquisition Plan
Another prominent player leading in Bitcoin investment is Tokyo-listed investment firm Metaplanet. The platform initiated its BTC purchase plan back in April 2024. Following its commencement on April 10, the acquisition strategy has invested up to $75M in total. As a result of this, it has acquired almost 1,142 $BTC up till now. Additionally, it has seen the realized price touching $65,650.
Riot Platforms Acquires 16,728 $BTC in Months-Long $BTC Buyout Scheme
Riot Platforms has also been on a Bitcoin buying spree. The popular Bitcoin mining company mainly accrues $BTC via comprehensive mining operations. Nonetheless, the firm also strategically improves the holdings thereof via straight $BTC purchases. Its Bitcoin buyout strategy started on the 29th of February this year. With its mining operations and purchases, it acquired up to 16,728 $BTC in total.
Marathon Digital and Tesla Indicate a Firm Belief in Bitcoin
Moreover, another Bitcoin mining entity Marathon Digital Holdings has also made noteworthy BTC purchases. It commenced its $BTC acquisition via direct purchases on the 5th of June. Subsequently, it has bought nearly 40,435 $BTC up till now. Furthermore, Tesla started Bitcoin purchases on January 25, 2021. After that, the luxury vehicle manufacturer has acquired 11,509 $BTC. In this respect, it has invested almost $334M with a realized price of $29,107. These enormous Bitcoin buyouts indicate the rising confidence in the top crypto asset.