The bitcoin price rose to a three month high at $46,294. This resulted from bulls verifying that they intend to take complete control of the market. Some crypto tradespeople might be in the green again while pro traders are viewing to add more prominent leveraged positions. However, not every class of investors can get direct exposure to Bitcoin.
A fund administrator establishes the rules for the percentage of the portfolio For institutional investors. It depends on the amount invested in various asset classes while different companies show varying appetites for risk. Reasons investors might be gathering into these assets versus keeping BTC include the restrictions mentioned above and the regulatory uncertainty surrounding the buying of Bitcoin.
Because of this, several entities have restrictions from investing directly in cryptocurrencies, including Bitcoin. However, there are additional ways to get exposure to the crypto sector.
Companies specializing in Bitcoin mining also made immense profits. A handful of companies are on the list that might be an off-set play for some investors viewing to obtain some exposure to BTC in stock portfolios.
The current miner crackdown in China led to a more dispersed mining network. It provoked several rounds of expansion and fundraising for listed Bitcoin mining companies. It might potentially benefit from the reshaping of Bitcoin’s global mining network that might continue for years to come. Here’s a list of companies that can offer investors exposure to Bitcoin.
MicroStrategy Bets on Bitcoin While Providing a Boost
The CEO of the software company MicroStrategy, Michael Saylor, became well known in the cryptocurrency sector for his support for Bitcoin. He supported it by buying a large amount of BTC in the last year as a store of value.
MicroStrategy accumulated a Bitcoin portfolio above 106,000 BTC in its treasury to hedge against inflation while educating the world about the idea of Bitcoin and blockchain technology.