Who will lose money and who will make a lot of money?

Editor's note: This article statistically analyzes the Bitcoin holding data of Tesla, Nexon, Meitu and MicroStrategy. The purpose of most corporate organizations holding currency is to "hedge inflation, diversify investment portfolios, and maintain the long-term purchasing power of corporate financial reserves." However, we believe that no matter what the purpose of holding currency is, the entry of enterprises will help promote the adoption of Bitcoin and realize the self-prophecy of Bitcoin as "digital gold", "value storage" and "hedging inflation". Now that the Bitcoin market has experienced a sharp correction, the price has even returned to the price before most institutions entered the market. We can further understand the possible sentiment of the current institutions by analyzing the position data of the institutions. Recently, the bitcoin market has experienced a sharp correction, and the sentiment of retail investors has reached extreme panic. Perhaps most retail investors have honestly handed over their bargaining chips in the face of the double blow of negative policies and market retracement. Now, what most people may be more curious about is, are institutions panicking? Indeed, now that the Bitcoin market has experienced a sharp correction, and the price has even returned to the price before most institutions entered the market, presumably most readers are like us, wanting to learn more about the holding costs and book data of these corporate institutions. In this article, we select a few representative corporate organizations to analyze their currency holdings in detail. "Currency Holdings of Enterprises" On April 28, South Korean online game giant Nexon announced that it had purchased bitcoins worth US$100 million, namely: the number of bitcoins held was about 1,717 bitcoins; the cost of holding coins was about US$100 million; The cost of coins is US$58,226; Nexon can be said to be miserable. Some readers may be a little unfamiliar with Nexon, but its works must be familiar to everyone, such as Kart Run, Dungeon and Warriors and other well-known game IPs. Chief Researcher of Bank of China: Explore and build an enterprise-level digital currency payment and settlement platform: Jinse Finance reported that at the Fifth Session of the 13th Beijing CPPCC, Guo Weimin, chief researcher of Bank of China, suggested that while vigorously promoting digitalization and the construction of digital economic infrastructure , It is necessary to take the lead in exploring the regulatory path for the digital economy. We should give full play to the role of the national financial management center, strengthen top-level design, build targeted regulatory capabilities, actively encourage powerful core enterprises to cooperate with digital banks, explore and build an enterprise-level digital currency payment and settlement platform, and make good use of digital RMB in improving Advantages in financing and payment efficiency, tracking capital flow, reducing credit risk control costs, etc., to create an industrial structure and digital financial services that adapt to the new economic form. [2022/1/10 8:38:17] After the official announcement of the purchase of Bitcoin, Nexon President & CEO published an article on medium, explaining the thinking behind the purchase of Bitcoin: Nexon hopes to make full use of capital, representing Its shareholders generate profits and promote business growth. In the context of the current global economic flood, Nexon believes that Bitcoin is one of the forms of cash most likely to maintain its value, and pointed out some outstanding characteristics of Bitcoin: scarcity, strong network utility, innovation, high liquidity and convenience. Fortunately, Nexon previously held more than $5 billion in cash and cash equivalents, while the value of Bitcoin holdings was less than 2% of its total cash. Faced with such a large loss of assets, do you think Nexon will increase its position and reduce costs? Or cut the meat? On February 8, Tesla, an American electric vehicle manufacturer, announced that it had purchased $1.5 billion worth of Bitcoin. On March 24, Tesla’s U.S. official website showed that the purchase of Tesla cars already supported the use of Bitcoin for payment. Buying Bitcoin, the company will also start accepting Bitcoin payments in the future in exchange for its products. Shijiazhuang promotes blockchain and other innovative enterprises to become bigger and stronger: Recently, Shijiazhuang City issued the "Work Plan on Accelerating the Development of the Service Industry in Response to the Impact of the New Coronary Pneumonia Epidemic". The work plan mentions cultivating and strengthening market players, increasing support for productive service industries, and promoting innovative enterprises such as big data, artificial intelligence, blockchain, online medical care, and online education and entertainment to become bigger and stronger. (Hebei Daily) [2020/4/8] On April 27, Tesla announced that it had sold 10% of its bitcoins in the first quarter, earning $272 million and making a profit of $101 million. Since the documents disclosed by Tesla did not specify the amount of bitcoins purchased, there is no 100% accurate guarantee for its holdings. Tesla’s holdings currently come from two sources: the estimated 48,000 bitcoins on Bitcoin Treasurys The data given by Arcane Research, a professional market data research institution, is 43,053 BTCs, which was also quoted by CoinDesk. This article tends to choose the latter, that is, Tesla first bought Bitcoin worth 1.5 billion US dollars, a total of 43,053 BTC; recently sold 10% of Bitcoin, that is: the number of coins held is about 38,747.7 BTC; the cost of holding coins It is about 1.228 billion U.S. dollars; the average cost of a single currency is 31,692 U.S. dollars; it is worth noting that, according to the data source we are currently using, the average unit price of Bitcoin sold by Tesla this time is 63,177 U.S. dollars, which can be described as a small expert in escape . Tesla stated in the disclosure document that it bought Bitcoin to "optimize the flexibility of its investment portfolio, further diversify and maximize the return on investment of the company's cash reserves." For this sale of 10% of Bitcoin, Musk said that the purpose of selling bitcoin was to prove the liquidity of bitcoin as a cash substitute on the balance sheet, and also recognized the liquidity of bitcoin. At the same time, Tesla's CFO also stated that he believes in the "long-term value" of Bitcoin and will continue to invest in Bitcoin. News | CITIC Assets will work with local state-owned enterprises to build a rescue fund, and the industry covers blockchain, etc.: Li Mei, Secretary of the Party Committee and Chairman of China Galaxy Financial Holdings, said that its subsidiary Jiantou CITIC Asset Management has decided to join hands with local state-owned enterprises to build central The cooperative bailout fund takes scientific and technological innovation enterprises as the entry point, and provides diversified financial support for the development of scientific and technological innovation enterprises that represent the direction of economic transformation and industrial upgrading. The fund mainly selects technology and innovation companies in Haidian District, Beijing and other regions that have core technological advantages and technological innovation strength, and face temporary operating difficulties to bail out. In terms of industry coverage, it mainly includes strategic emerging industries such as 5G, cloud computing, blockchain, high-end equipment manufacturing, biomedicine, new materials, new energy, energy conservation and environmental protection, as well as finance and technology, culture and technology, consumption and technology depth Converged new industries. (China Securities Journal) [2020/2/28] The sudden change of attitudes between Musk and Tesla is indeed embarrassing. They continue to criticize Bitcoin’s energy use on Twitter. We say that Musk It is not an exaggeration to say that it was the trigger for the big market correction. Of course, what is even more infuriating is its behavior of stepping on Bitcoin and promoting Dogecoin without thinking, which disappointed countless people in the currency circle. Among the conspiracy theories, we ordinary people cannot speculate. Although the market has plummeted, Musk also said on Twitter that Tesla will not sell Bitcoin and has not sold Bitcoin. And the current plummeting Musk is also self-inflicted. If Tesla really did not sell Bitcoin, then the current price is not much higher than its cost price. Everyone thinks, if the price of Bitcoin falls below Tesla's position cost line, will Tesla sell it at a cut? Or, do you want Tesla to sell? On March 5, Meitu announced that it had purchased about 379.12 Bitcoins in open market transactions at a cost of approximately US$17.9 million, and the cost of a single currency was approximately US$47,214; it also purchased 15,000 Ethereum at a cost of approximately 22.1 million US dollars, the single cost is about 1473 US dollars. Dynamics | One-third of small and medium-sized enterprises in the United States accept cryptocurrency payments: Jinse Finance reported that a survey released by cyber insurance and service provider HSB found that at least one-third of small and medium-sized enterprises in the United States accept cryptocurrency as goods and services. The means of payment for services. The survey revealed that 36 percent of SMEs have accepted cryptocurrencies, while 59 percent have also purchased digital currencies for their own use. [2020/1/16] On March 17th, Meitu purchased about 386.08 Bitcoins at a cost of about 21.6 million US dollars, and the cost of a single currency was about 55,947 US dollars; it also purchased 16,000 Ethereums at a cost of about 28.4 million US dollars, the cost per currency is about 1775 US dollars. On April 8, Meitu purchased about 175.67 bitcoins again at a cost of about US$10 million, and the cost of a single currency was about US$56,924. To sum up, the data of Meitu’s bitcoin holdings is roughly as follows: the number of bitcoins held is about 941 bitcoins; the cost of holding coins is about US$49.5 million; the average cost of a single currency is about US$52,603; The currency holding data is roughly: the number of currency holdings is about 31,000 Ethereum; the cost of holding currency is about 50.5 million U.S. dollars; the average cost of a single currency is about 1629 U.S. dollars; Bitcoin is now at a loss of close to 30%, while Ethereum, which holds positions, still has a gain of close to 20%. As of the price data at the time of writing, Meitu is still in a state of floating losses. If the future price market does not improve, then Meitu’s bet on cryptocurrency will fail again. It is understood that in 2018, Meitu began to focus on the blockchain, but Bitcoin plummeted by 80% in 2018, and the trend of Meitu’s efforts on the blockchain is exactly the same as that of Bitcoin, and has fallen by more than 80% since December 2017. The market value of 100 billion Hong Kong dollars once fell to less than 10 billion Hong Kong dollars. Voice| Shen Jinfang of China Zheshang Bank: Use blockchain technology to solve problems such as the authenticity of corporate accounts receivable: According to China Economic News Network, Shen Jinfang, deputy general manager of the corporate banking department of China Zheshang Bank, recently mentioned that China Zheshang Bank is in the district Blockchain exploration. Through the block chain technology, the accounts receivable of the enterprise can be transformed into a tool for payment settlement and financing, so as to solve the problems of authenticity, confirmation of rights and return of funds. This business has been explored for more than a year. It is called the business of receivables, and the results are very obvious, especially for small and medium-sized enterprises. The problem of difficult and expensive financing can be effectively solved. [2018/9/18] When Meitu publicly announced the purchase of cryptocurrencies for the first time, it believed that cryptocurrencies had enough room for appreciation, and at this time by allocating part of its cash reserves to cryptocurrencies, it could be used as funds Manage the risk of diversifying your cash holdings. However, most people in the market believe that Meitu’s investment in cryptocurrencies is inseparable from its founder Cai Wensheng’s own experience in the currency circle. Cai Wensheng, the founder of Meitu, has been involved in the currency circle for many times as early as 2017. He once invested in the exchange OKEx, participated in the issuance of ZIP, BEC, etc., but after the ICO era in 2017, Cai Wensheng gradually faded out of the currency circle. Now that Meitu’s investment has once again fallen into losses, it can be said that Meitu’s already difficult life is even worse. On August 11, 2020, MicroStrategy, an American business software company, announced that it had purchased approximately 21,454 bitcoins for USD 250 million, at a single transaction cost of approximately USD 11,653. On September 14, 2020, MicroStrategy announced that it had purchased another 16,796 bitcoins for $175 million, at a single cost of approximately $10,419. On December 3, 2020, MicroStrategy announced that it had purchased another 2,574 bitcoins for $50 million, at a single cost of approximately $19,427. On December 21, 2020, MicroStrategy announced that it had purchased another 29,646 bitcoins for US$650 million, at a single cost of approximately US$21,925. On January 22, 2021, MicroStrategy announced that it had purchased another 314 bitcoins for $10 million, at a cost of about $31,808 per coin. On February 2, MicroStrategy announced that it had purchased another 295 bitcoins for $10 million, at a cost of about $33,808 per coin. On February 24, MicroStrategy announced that it had purchased another 19,452 bitcoins for $1.026 billion, at a cost of about $52,765 per coin. On March 1, MicroStrategy announced that it had purchased another 328 bitcoins for $15 million, at a cost of about $45,710 per coin. On March 5, MicroStrategy announced that it had purchased another 204 bitcoins for $10 million, at a cost of about $48,888 per coin. On March 12, MicroStrategy announced that it had purchased another 262 bitcoins for $15 million, at a cost of about $57,146 per coin. On April 5, MicroStrategy announced that it had purchased another 253 bitcoins for $15 million, at a cost of about $59,339 per coin. On May 13, MicroStrategy announced that it had purchased another 271 bitcoins for $15 million, at a cost of about $55,387 per coin. On May 18, MicroStrategy announced that it had purchased another 229 bitcoins for $10 million, at a cost of about $43,663 per coin. At present, we have not been able to find the announcement of each purchase record, but according to the latest statistics on MicroStrategy Twitter, MicroStrategy's current bitcoin holding data is roughly as follows: the number of coins held is about 92,079 bitcoins; the cost of holding coins is about 2.251 billion US dollars; the average cost of a single currency is about 24,450 US dollars; MicroStrategy's first-mover advantage is still very obvious, even if the current price of Bitcoin has retreated by more than 40%, it still has a profit of nearly 50%, which can be said to make other institutions very Envious. Initially, MicroStrategy leadership said they were considering bitcoin and other crypto assets given low interest rates in the West and fiscal stimulus in response to the pandemic, as well as a weak dollar. And a few days later, they announced the purchase of Bitcoin. They basically couldn't stop this purchase, and later raised $900 million in senior convertible notes to buy more bitcoin..

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