If you're looking to invest in cryptocurrency, you'll want to find out which companies are taking a keen interest in the field. Some of the leading names include Tesla (TSLA), Square (SQ), MicroStrategy (MSFT), and Block (NYSE:SQ). These companies are all renowned for innovation and technology, so it's no wonder they're taking part in the revolution. However, the question remains: can you trust these companies to keep your money safe?


MicroStrategy is the largest corporate holder of Bitcoin, holding a total of over $2.41 billion in the digital currency. It also holds $2.4 billion in long-term debt.

The company announced plans to buy more Bitcoins. It purchased 301 BTC in September 2022 for $6 million. The average price of a BTC is $19,850. That means the investment cost is around 33% of the original purchase, leaving a hefty loss on MicroStrategy's books.

The company reported a net loss of $36.1 million for the third quarter. However, it held a large loss on its digital asset impairment charge of $917.8 million in the second quarter. The loss was related to the decline in the value of the cryptocurrency.

MicroStrategy's shares have fallen more than 50% this year, largely due to the bear market for cryptocurrencies. But it's still a core business.

The company's stock is worth roughly $2.5 billion. However, the company owes $2.405 billion on four financings, with the debt due in seventeen months. The company's debt puts it in a perilous situation. The only way to pay off the debt is to sell large amounts of coins.

The Securities and Exchange Commission (SEC) has been reviewing the adequacy of public companies' disclosures, and the corporate-finance division of the SEC often asks companies about their accounting practices.

The SEC is currently reviewing the impairment costs associated with digital assets. In the short term, however, it's unclear if the proposed rulemaking will have an impact on the upcoming third-quarter results.

The SEC has issued a comment letter to the company, asking that it revise its disclosures to clarify its use of intangible assets. It also criticized the inclusion of impairment losses in non-GAAP measures, which it said distracted investors from analyzing the company's financial results.

The SEC is also investigating whether the company's use of "excess cash" to acquire Bitcoins was fair. This type of investment is referred to as a margin call. The margin call occurs when an investor borrows money to trade. When the margin value falls below a certain threshold, the investor must make up the shortfall.


Elon Musk, CEO of Tesla, is a huge fan of cryptocurrencies. His tweets mentioning them, including a recent announcement that he has been using them to pay for his new electric vehicle, caused the price of bitcoin to soar.

However, the company's investment in crypto has not been entirely successful. It is currently losing money on its investments. In fact, it could be making an accounting loss of more than half a billion dollars.

It is unclear whether or not Tesla has lost its luster as a company, and is now investing in cryptocurrencies to diversify its cash. Still, the company is among the first mainstream corporations to buy and hold a digital asset.

As one of the early adopters of a virtual currency, Tesla is in a unique position to evaluate its effectiveness. Unlike a venture capitalist, which would have to make a judgment call regarding the best time to invest, Tesla can invest in the digital asset without regard to its future value.

Although it has not sold its entire holdings yet, Tesla is in the market to sell part of its cryptocurrency holdings. According to a filing with the Securities and Exchange Commission, it could be doing so as soon as July. The company has a huge stake in BTC, and could be the first major automaker to accept it.

This is a significant milestone in the cryptocurrency world, and for early adopters, it represents a small but important dent in Tesla's quarterly income statement. The full impact of the cryptocurrency investments will be revealed in the company's next earnings report, due out on July 20.

Despite its failure to snag a profit from the digital asset, the investment has helped to legitimize the crypto. In fact, it is considered by some to be a necessary component of a company's cash management strategy. In addition to its investments in digital assets, the company has been working on ways to increase renewable energy use in its mining operations.

Tesla believes that the long-term benefits of a digital asset outweigh the short-term risks. Specifically, it believes that the crypto is the right move for the long-term because of its ability to act as a liquid alternative to fiat money.


Square has made a substantial investment in the hottest cryptocurrency on the market. They purchased $50 million worth of BTC. The company uses the crypto as part of its business model.

As a part of its growth strategy, Square has set up a new unit to focus on financial technology. This new unit enables developers to build products that help consumers manage money. The company also has plans to integrate payment tools into ecommerce platforms. The company has been working to promote adoption of bitcoin as a means of payment.

The Square Cash App is a money management tool for individuals. It allows users to buy, sell and manage bitcoin. The Square CEO has been vocal about bitcoin and has said he wants to make the currency more accessible.

Square is also a fintech powerhouse, having created a number of products to simplify financial services for small businesses. The company has even thrown its hat into the ring by buying a large stake in Jay-Z's Tidal music streaming service.

As of June 30, the company had a net assets of $1.9 billion. It generates a large portion of its revenue from transaction-based fees. The biggest area of uncertainty surrounds its cryptocurrency business. Its other businesses face challenges as well.

The company has been experimenting with various products, but the crypto unit may be the best bet. It has been using a number of crypto-related technologies, including tbDEX, a protocol that facilitates the creation of trustless networks of mutual trust. It has also announced plans to release a whitepaper on a new liquidity protocol.

It appears that Square is the first public company to make a sizable purchase in the world of cryptocurrencies. This new unit will likely make a splash, and could be a lucrative long-term investment. However, the company has not shared much about how it intends to use the investment to grow its business.

The price of a single bitcoin has increased more than fourfold in the past year. It reached an all-time high earlier this week. It has dropped 30% in the last month.

Block (NYSE:SQ)

Block (NYSE:SQ) is a company investing in cryptocurrency and is part of the Square ecosystem. Its two primary businesses are the mobile wallet service Cash App and point-of-sale software for businesses called Square. The company has had some success, but its growth has stalled in recent years.

The company's stock price has fallen drastically from its all-time high in 2022. It has lost over 55% in that time period. However, the company's financial performance has improved, and it is well-positioned to ride the rising price of BTC.

The firm's net revenue and gross profit increased by 38% and 31%, respectively, in the first quarter of the year. The firm's adjusted earnings per share were also well-above analysts' estimates. Its revenue was driven primarily by the growing revenue of its Cash App business. The company's first half 2022 earnings were $417 million, down from $243 million in the same period a year earlier.

Block is expected to generate an increasing amount of profitability over the long run. Its long-term strategy is to increase consumer use of digital currencies, such as Bitcoin. Its management has already invested heavily in the development of decentralized finance applications. The firm has a number of "Emerging Initiatives," including Spiral, which is a startup focused on the development of Bitcoin Developer applications.

In the first half of the year, Block's operating expenses jumped 68%. Its gross profit was up by 31%, primarily due to the continued growth of its Cash App unit. The company reported a net cash position of nearly $1 billion.

Its first half 2022 revenue decreased 22%. This was caused primarily by lower Bitcoin revenue. In addition, the first half of the year saw a drop in revenue for the company's parent company, Square. The company owns about 8,027 BTC, which accounts for less than 3% of the total supply of 21 million BTC.

The company's revenue was up 36% excluding BTC. The company's gross payment volume was above analysts' estimates. The stock fell 25% in two trading sessions last week, but has climbed 25% this week.