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Crypto Prices CoinDesk Market Index
Business

Chainalysis Adds Bitcoin to Balance Sheet

The crypto tracing firm didn’t disclose how much it bought but said NYDIG facilitated the purchase.

By Danny Nelson
AccessTimeIconOct 19, 2021 at 3:10 p.m. UTC
Updated Oct 19, 2021 at 4:10 p.m. UTC
Chainalysis Director of Research Kim Grauer speaks at Consensus 2019. (CoinDesk archives)

Chainalysis Director of Research Kim Grauer speaks at Consensus 2019. (CoinDesk archives)

Alex Thorn
Head of Firmwide Research
Galaxy
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat
Alex Thorn
Head of Firmwide Research
Galaxy
Consensus 2023 Logo
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

Alex Thorn
Head of Firmwide Research
Galaxy
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat
Alex Thorn
Head of Firmwide Research
Galaxy
Consensus 2023 Logo
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat

Crypto tracer Chainalysis has added bitcoin to its corporate balance sheet.

  • The $4.2 billion software company said Tuesday it purchased an undisclosed amount of BTC through NYDIG, an institutional bitcoin management firm popular on Wall Street.
  • CEO Michael Gronager called it Chainalysis’ first crypto buy: “We will continue to pursue other digital assets as potential future investments,” he said in a statement.
  • Holding bitcoin as a reserve asset was popularized last year by MicroStrategy and has since caught on with the bitcoin mining crowd. Few public or private companies have done it, however, though Coinbase and BitGo stand out from the pack.

Read more: Crypto Sleuthing Firm Chainalysis Raises $100M, This Time at $4.2B Valuation

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Danny Nelson

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

CoinDesk - Unknown

Danny Nelson

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

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