The CEO of MicroStrategy Just Predicted That Bitcoin Is 'Going up Forever' — Here Are 3 Other Companies With Plenty of Crypto on the Balance Sheet

“Our view is [Bitcoin will] be volatile because it’s plugged into the entire crypto market and it’s new, but it’s going up forever,” Saylor told CNBC earlier this month.

Saylor continues to put his company’s money where his mouth is. In Q3, MicroStrategy purchased 9,000 bitcoins, bringing its total bitcoin count to 114,042. At the current price, that stash is worth roughly $7.4 billion.

Year to date, Bitcoin is up 128% while MicroStrategy shares have surged 103%.

Of course, MicroStrategy isn’t the only company that has bitcoins on its balance sheet.

Here’s a look at three other companies that have also loaded up on the cryptocurrency — one of them might be an easy way to invest in Bitcoin with your leftover pennies.

Tesla (TSLA)

This is the most obvious one. When the electric vehicle giant revealed that it had stockpiled more than $1.5 billion worth of Bitcoin in February, the news sent the cryptocurrency soaring.

In July, CEO Elon Musk tweeted that the company owned “close to” 42,000 bitcoins.

It’s certainly a sizable stake, but nothing too significant relative to Tesla’s size.

Thanks to a more than 10-fold increase in its stock price since the beginning of 2020, Tesla’s market cap has surpassed the $1 trillion mark.

As you might expect from that kind of rally, Tesla’s business is growing rapidly.

In Q3, revenue totaled 13.76 billion, representing a 57% increase year over year. Meanwhile, net income clocked in at $1.62 billion, up 389% from the year-ago period.

Looking ahead, the EV manufacturer expects to achieve “50% average annual growth in vehicle deliveries” over a multi-year time horizon.

To be sure, Tesla currently trades at over $1,100 per share. But you can get a piece of the company using a stock trading app that allows you to buy fractions of shares with as much money as you are willing to spend.

Square (SQ)

Square co-founder and CEO Jack Dorsey has long been a proponent of Bitcoin.

In fact, his hopes for the cryptocurrency extend beyond its financial capabilities.

“My hope is that it creates world peace or helps create world peace,” Dorsey said during a “B World” webinar in July.

Square owns 8,027 bitcoins, worth approximately $531 million today.

Shares of the digital payments technologist have traded sideways for most of 2021, but the business itself has shown plenty of improvement.

In Q3, gross profit grew 43% year over year to $1.13 billion as revenue increased 27% to $3.84 billion.

During the quarter, Square also announced two fresh Bitcoin initiatives: a consumer Bitcoin hardware wallet and a Bitcoin mining system.

“Both are focused on helping Bitcoin reach a mainstream audience while at the same time, strengthening the network and ecosystem,” Dorsey said in the conference call with analysts.

Marathon Digital Holdings (MARA)

With a market cap of roughly $7.5 billion, Marathon Digital is substantially smaller than Square and Tesla. But Bitcoin investors shouldn’t ignore it.

Marathon is a cryptocurrency miner. Year to date, its mining fleet has produced approximately 2,516 self-mined bitcoins.

While some Bitcoin miners might be tempted to sell their coins amid this crypto rally, Marathon simply hoards them — an act known as holding on for dear life, or HODL, to crypto enthusiasts.

In fact, the company hasn’t sold any bitcoins since October 2020. It even purchased 4,812.66 bitcoins in January 2021 at an average price of $31,168 per coin.