Elon Musk may be vocal about cryptocurrency support, but Tesla, his electric carmaker, ranks second among the companies with the largest Bitcoin (BTC). Tesla currently has 42,902 Bitcoins. This is far less than MicroStrategy, which has 1,32,500 Bitcoins. MicroStrategy Incorporated, a Viginia-based American business intelligence company, provides cloud-based services, mobile software and business intelligence. In its latest report, Crypto Overview 2023, Indian crypto asset management platform has revealed the BTC holdings.

The report states that global currencies are still under pressure from the dominance of dollars, and the threat of CNY becoming the financial bully of the future.

Kunji’s crypto report published details about five organizations with the highest number of Bitcoin holdings.

Galaxy Digital is third in the global list of companies that have the highest number of Bitcoin holdings. The total amount of Bitcoins held by the Digital asset and Blockchain firm is 16,400.

Marathon Digital Holdings, another company that is developing one of the most important bitcoin mining operations in North America was fourth in holding the highest number of Bitcoins. It stands at 11,285.

The Block, a New York-based global information platform, was the fifth company with a maximum Bitcoin holdings of 8 027. Block was established in 2018. It covers a wide range of topics, including cryptocurrency and blockchain.

According to the report, BTC continues to hold the most private companies’ shares and has the highest decentralization. The report also claimed that 2022 was a significant milestone in the development of digital assets markets.

Kunji said that there were also major problems in the crypto industry. The industry suffered a huge setback with the Terra Luna collapse. Other bankruptcies followed its downfall.

It also spoke of other failures, such as the FTX crypto-exchange meltdown. However, it stated that “Unfortunately, the FTX collapsing and other events caused the year 2022 t be remembered as one the worst years for crypto investors.” It stated that the FTX crash was the worst since 2009, when the industry started with Bitcoin (BTC/USD) in 2009.

It was also found that 2022 had the second-worst single-year performance in Bitcoin since 2011, both year-over and declining from an all-time high (-74%).