The stocks spearheading the charge of cryptocurrency

Companies are starting to invest in bitcoin and other cryptocurrencies, a trend likely to hasten the mass adoption of digital money. Buy before the stampede arrives, says Dominic Frisby

Michael Saylor, co-founder and executive chairman of MicroStrategy Inc., speaks during the Bitcoin 2025 conference
(Image credit: Ronda Churchill/Bloomberg via Getty Images)

The only countries that own more bitcoin than the UK are the US (with 207,000 bitcoin) and China (194,000). Britain has 61,000, worth more than $6 billion. But don’t tell Rachel Reeves. She might be tempted to sell it. History would then look back on her as an even greater fool than Gordon Brown for selling the nation’s gold. Ours are mostly seized bitcoin, a lucky legacy from the early days when the UK was at the heart of bitcoin’s evolution. The City’s regulator, the Financial Conduct Authority (FCA), in its wisdom, put a stop to all that, and so we fell behind.

This legacy has given the UK an extraordinary advantage in the global arms race that is bitcoin adoption. We would be mad to spurn it. Meanwhile, as bitcoin moves into the mainstream, something remarkable is taking place in the corporate world of bitcoin adoption, and it is accelerating rapidly. The trend is being spearheaded by Michael Saylor, chairman and founder of Strategy.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby