After Celsius stated that it currently owns over 150,000 bitcoins, MicroStrategy lost its title as the firm with the greatest bitcoin holdings.
Celsius has a BTC portfolio worth around $6.5 billion
Tushar Nadkarni, Celsius’s chief growth and product officer, made the news at the Bitcoin 2022 conference’s Onboarding Retail session. He stated that the Celsius team was committed to improving the platform’s simplicity, accessibility, and security and that developing Bitcoin solutions was an important component of their company.
Despite Celsius’ extensive offerings, Bitcoin remains a vital component of its platform. This is because Bitcoin ownership is inextricably linked to the financial independence that the crypto sector was founded to deliver.
Celsius now owns more BTC than MicroStrategy, which just added 4,167 BTC to its holdings, bringing its total to 129,218 BTC. MicroStrategy, on the other hand, has the most Bitcoin of any publicly listed firm.
Block.one is the only private corporation that has more BTC than Celsius, according to Bitcoin Treasuries, with 164,000. The Grayscale Bitcoin Trust, which has approximately 654,000 BTC, is the largest Bitcoin holding.
Celsius has also revealed that its DeFi arm, CelsiusX, would begin providing BTC as a wrapped asset. This considerably expands the company’s portfolio of wrapped assets, which already includes Cardano (cxADA), Ethereum (cxETH), and Dogecoin (dxDOGE) (cxDOGE).
cxBTC will be published on the Polygon blockchain alongside its other wrapped assets. According to Alex Mashinsky, CEO of Celsius, cxBTC will allow it to construct an interoperable, cross-chain Bitcoin universe.
