Financial circle network on February 23 news, in recent days, the price of bitcoin has taken a roller coaster. On the evening of February 21, Bitcoin once broke through $58,000, standing at a record high, and its total market value exceeded $1 trillion for the first time. But then Bitcoin began a wave of pullbacks of considerable magnitude. Currently, the price of one bitcoin is about $48,000.
Over the course of a year, Bitcoin has risen more than ten times. In this magical frenzy, many institutions and individuals have become rich overnight because they hold bitcoin, and some speculators have lost their homes.
Taking stock of the 24 listed companies that have become rich with currency in the world, the reporter found that Tesla, which has recently been in the limelight, has made 6.4 billion yuan, but it has relegated to the second place.
In addition, the reporter also unexpectedly found a Chinese company figure - the 500.com who recently transformed into mining, because of the dramatic turnaround of the currency.
The first bitcoin settlement shares increased the floating profit of more than 5 million US dollars
On February 23, the U.S. stock listed company 500.com pre-market announcement that as of the same day, the company confirmed that it had received 356.04342 bitcoins (locked in price of 32326 US dollars / piece), US$11.5 million, and successfully completed the share issuance plan announced two months ago with a total of 23 million US dollars.
The use of Bitcoin for the settlement of shares of a listed company is the first of its kind in the international capital market. Just the day before the closing, the market price of Bitcoin exceeded $58,000 at its highest point, and at the highest point price at that time, the floating profit of the 500.com held on the day exceeded $9.1 million, or 58.8 million yuan, compared with the quarterly loss of about 56.1 million yuan 500.com.
However, on February 23, Bitcoin underwent a sharp correction, and the current market price is around $48,000, according to this calculation, the floating profit of 500.com holdings is about $5.57 million, or more than 35 million yuan. If the price of the coin rises back in the next few days, 500.com still has the potential to dramatically turn a profit.
Founded in 2001 and listed in the United States in 2013, 500.com announced its entry into the blockchain and digital currency business on December 21 500.com, 2020, while the company also announced a share issuance plan with a total price of about $23 million, and updated the company's management to start a series of layouts in the bitcoin mining industry.
500.com a recent move that has attracted much attention from the outside world is to acquire the mining pool BTC.com spun off from Bitmain from Wu Jihan. BTC.com has long occupied the throne of the global hashcount champion and is now the third in the world. In addition, 500.com has also purchased a large number of mining machines, and by the beginning of March, its deployment capacity will reach 918P. By the end of 2021, the deployment power of 500.com will reach 2000P, and nearly 400 bitcoins can be produced per month.
The long-dormant 500.com has undoubtedly gained the favor of the capital market after the transformation: the company's stock price hovered at $2.69 on December 18 last year, and by February 17 this year, it has risen to $26.70, an increase of nearly 10 times.
During this period, 500.com plan to use Bitcoin to complete the issuance of shares, which has also attracted great attention from the capital market. "Frankly, there's also a heated debate within the company." 500.com CEO Yang Jianfeng revealed that the price of bitcoin has fluctuated sharply in the past two months, so the board of directors has divided into "moderate factions" and "radical factions", and after more than a month of verbal battles, it has finally decided on a "compromise" plan of 50% of the US dollar and Bitcoin.
"If all were settled in Bitcoin, the company's floating profit today would reach more than $10 million." Yang Jianfeng still has some small regrets about this. But he also said that the price of Bitcoin fluctuates sharply, and listed companies must do a good job of risk control. "We have to find the right balance between pursuing returns and controlling risk."
24 listed companies in the world hold coins Tesla earned 6.4 billion and ranked second
During this period of bitcoin's soaring, 500.com an unexpected turnaround due to holding coins may be just a small wave. Judging from public information disclosure, at least 24 companies currently hold bitcoin among the listed companies in the world, and Tesla, which has recently made 6.4 billion yuan, can only rank second in this list!
Statistics from OKLink show that there are 24 listed companies in the world that hold Bitcoin, of which MicroStrategy ranks first with more than 70,000 Bitcoins, and Tesla ranks second with more than 40,000 bitcoins.
What kind of company is MicroStrategy (MSTR, Chinese can be translated as MicroStrategy Company)? The data retrieved revealed that the company was founded in 1989 as a high-tech company providing business intelligence, mobile software and cloud services, and a standard software company. In August 2020, the company invested $250 million as a treasury asset for the first time, based on declining cash returns, a weak dollar and other macroeconomic factors around the world, and on September 14, 2020, it purchased 16,796 bitcoins for a total price of $175 million. The industry estimates that its purchase cost should not exceed 15,000 US dollars / coin, and at the current price of 48,000 US dollars for Bitcoin, its floating profit may reach more than 2.3 billion US dollars, or more than 15 billion yuan.
Interestingly, musk made up his mind to spend $1.5 billion to buy bitcoin because of the advice of Michael Saylor, CEO of MicroStrategy. Some media have counted at the time of Bitcoin's $53,000 that the floating profit of this investment has reached $830 million, about 5.3 billion yuan, which is 15% higher than Tesla's profit for the whole year last year.
In addition, Square (SQ), one of the US payment giants, also invested about $50 million last October, taking 4,700 bitcoins, and now the total market value of the position has soared to $225 million.
The fund is the biggest winner of the currency holdings in the personal rankings of Silicon Valley to win
The list in the chart above is only the data of listed companies holding Bitcoin, and if the holders are expanded to the full range, grayscale Bitcoin Trust (Grayscale BitcoinTrust) is the most known bitcoin owner. According to relevant information, as of mid-February, Grayscale owned more than 648,000 bitcoins, with a total value of more than $36.2 billion. Prior to December last year, Grayscale had 534,000 pieces. It can be seen that when Bitcoin is soaring, Grayscale chooses to eat more Bitcoin.
In addition, in the list of BTC positions of global institutions and organizations released by some relevant media, there are also some national government position data, according to industry insiders, this is not the relevant countries are already using bitcoin for asset allocation, but these countries in the process of handling some illegal cases confiscated in the form of bitcoin assets. These confiscated bitcoins will generally be entrusted by the relevant state departments to the over-the-counter company for liquidation.
In addition, in the list of individual holdings, The Silicon Valley venture capitalist Tim Draper ranks first, and he currently holds 29656.5 bitcoins with a total value of more than $1.4 billion. In second place is michael Saylor, CEO of microStrategy mentioned above, who said on Twitter on October 28 last year that he personally holds 17,732 bitcoins for an average purchase price of $9,882 per coin.
So, will this wave of Bitcoin's wealth-making frenzy continue? Musk tweeted at around 15:00 Beijing time on February 20, saying that "Bitcoin and Ethereum, it seems that (the price) is very high." ”
In the days after Musk's warning, Bitcoin first rushed to a high of $58,000, and then there was a major correction.
Currently, bitcoin is priced at $48,000. Because of the fluctuation of the price of the coin, the wealth of some holding companies has shrunk, but compared with the low price when they bought Bitcoin, their profitability is still very impressive.