Welcome to our “Bitcoin in the Public Markets” mini-series! This newsletter is the first of three installments targeted at learning how to get exposure to Bitcoin via the stock market. We hope you enjoy the series and would love to get feedback on what you think and future ideas. Make sure to share with a friend!
In our 2nd installment of Bitcoin & in the public market, we dive into companies offering products and services centered around cryptocurrencies. Crypto broadly as an industry is still in its infancy. The Bitcoin Whitepaper was published in 2009 and a multitude of new technologies have been developed since. As of April 1st, 2021 the crypto market cap is ~$1.90T and the market is expected to grow at a CAGR of 32% from 2019-2024.
Digital Asset Managers, Service Providers, and Investors
DMG Block Chain Solutions Inc. (DMGI/DMGGF): The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem.
Lion Group Holding (LGHL): Lion Group Holding Ltd., together with its subsidiaries, operates a trading platform in Hong Kong. The company recently signed an agreement with Yao Yongjie that includes an $800M fund focused on investing in the creation of crypto mines, mining, and the up/down streams of cryptocurrencies.
Greenpro Capital Corp (GRNQ): Greenpro Capital Corp. provides financial consulting and corporate services to small and medium-sized businesses primarily in Hong Kong, Malaysia, and China. Greenpro announced an investment in Bitcoin and its intention to set up a Bitcoin fund.
SOS Limited (SOS): SOS Ltd. is a holding company, which provides marketing data, technology, and solutions to emergency rescue services in China. The company is an emerging blockchain-based & data-driven marketing & solutions provider that recently bought 5,000 mining rigs.
Luxxfolio Holdings Inc. (LUXX): Luxxfolio Holdings Inc., a financial technology company, engages in developing a blockchain-enabled authentication platform to verify, insure, and protect luxury goods in Canada. It offers Luxxfolio, a cloud-based platform that offers access to financial products and services, such as credit cards, lines of credit, loans, insurance, and mortgage for a house.
Galaxy Digital Holdings Limited (GLXY): Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital assets and blockchain technology industry. They operate four business lines which include Trading, Asset Management, Principal Investments, and Advisory Services.
Voyager Digital Limited (VYGR): Voyager Digital Ltd., through its subsidiaries, engages in the development and commercialization of a digital platform that enables users to buy and sell cryptocurrencies across multiple exchanges in one account primarily in the United States and Canada.
Graph Blockchain Inc. (GBLC): Graph Blockchain, Inc. is a blockchain solutions company, which provides solutions for data management, business intelligence, and data analytics. Its solutions include enterprise systems, blockchain technology, and business intelligence.
Coin Citadel (CCTL): Coin Citadel operates as a blockchain infrastructure company that bridges blockchain and cryptocurrencies to traditional capital markets. It provides a pure-play digital asset and blockchain investment for the capital markets.
Cypherpunk Holdings Inc. (HODL): Cypherpunk Holdings Inc. invests in cryptocurrencies and privacy technologies.
Advanced Bitcoin Technologies (ABT): Advanced Bitcoin Technologies operates as a specialized software company. The company develops cryptocurrency and artificial intelligence software products in the field of financial technology. It also provides cryptocurrency payment services.
BIGG Digital Assets Inc. (BIGG): BIGG Digital Assets Inc. develops blockchain search and analytics operations for financial and e-commerce enterprises worldwide. It operates in two segments, Blockchain Technology Development and Digital Currency Sales Brokerage.
DigitalX Limited (DCC): DigitalX Limited provides blockchain application development and digital asset management services in Australia. It operates through Blockchain Consulting and Asset Management segments.
Mode Global Holdings PLC (MODE): Mode Global Holdings PLC, is a fintech company that provides financial services in the United Kingdom. MODE provides a digital banking app that allows users to manage their traditional and digital assets all in one place, earn interest on Bitcoin through the interest-generating accounts in the market, payment processing, and marketing services.
Neptune Digital Assets Corp. (NDA): Neptune Digital Technologies Corp. builds, owns, and operates digital currency infrastructure assets. The company constructs and operates Dash masternodes; and invests in blockchain infrastructure assets and related technologies. It also offers Dash, a cryptocurrency designed for digital cash.
Other Public Companies with Bitcoin on the Balance Sheet
MicroStrategy Inc. (MSTR): MicroStrategy Inc. provides enterprise analytics software and services worldwide. They offer an enterprise platform that provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization, reporting capabilities, mobility features, and custom applications developed on the platform. The company has been very aggressive adding Bitcoin to its balance sheet.
Tesla Inc. (TSLA): Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. Tesla recently bought $1.5B worth of Bitcoin.
Square Inc. (SQ): Square, Inc. provides, together with its subsidiaries, payment and point-of-sale solutions in the United States and internationally. The company’s commerce ecosystem includes point-of-sale software and hardware that offers sellers payment and point-of-sale solutions. Square added $50M in Bitcoin to its balance sheet in October of 2020 and followed it up by adding an additional $170Mof Bitcoin in February of 2021.
Mogo Inc. (MOGO): Mogo Inc. operates as a financial technology company in Canada. The company provides a finance app that empowers consumers with solutions to help them get in control of their financial wellness. The MogoCrypto account, a product within MogoWealth that enables the buying and selling of bitcoin, and access to smart consumer credit products. Mogo made a 1.5% investment in bitcoin in December 2020.
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