SWISS NATIONAL BANK is the first Central Bank to own Bitcoin (via TSLA and MSRT) - page 3.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Et tu, Brute? Grin

Common, have mercy, when I read the title and see you're the topic creator I thought they were buying bitcoins themselves not owning shares in a company that holds coins, I was getting ready to jump around and check if the prices haven't already reached $100k.
They also have shares in Honeywell, that doesn't mean they have a few Minuteman ICBMs in their safe Grin

Bad, bad fillippone Cheesy

Quote from: fillippone on February 09, 2021, 12:46:51 PM

This is something that definetly has to be taken into account when someone will decide to “ban bitcoin”, or something like this.

That ship has sailed, nobody will ban Bitcoin, at least not countries that matter in the global economy.
There will be morons every now and there with stupid ideas like what's happening in Nigeria or India, but an all-out ban? I'm more concerned about an asteroid hitting the Earth than this.

TedMosby

sr. member

Activity: 1120

Merit: 438

https://bitcointalk.org/index.php?topic=5274318.0

The central bank owns shares in 2,490 companies, including Apple, Amazon and even GameStop,...

So, bankers speculate (but more like gambling) in stocks too and said Bitcoin is monkey business.

Quote from: fillippone on February 09, 2021, 12:46:51 PM

-snip-

SNB owns 245 BTC!

This is something that definetly has to be taken into account when someone will decide to “ban bitcoin”, or something like this.

with those 245 BTC, how many Laszlo Hanyecz Pizza's share that SNB will get? Grin

I can say we are almost safe now because they won't ban themself.

fillippone

legendary

Activity: 2268

Merit: 16328

Fully fledged Merit Cycler - Golden Feather 22-23

I read a piece of very interesting news on Bloomberg:

Quote

Swiss National Bank's US Equities Portfolio Reaches Record $141
(MT Newswires)
Swiss National Bank's (SNBN.SW) US equities portfolio surged to a record $141 billion as of December 2020, with the central bank holding 20% of its reserves in stocks, according to a US SEC filing.

The central bank owns shares in 2,490 companies, including Apple, Amazon and even GameStop, the share price of which has been subject to a controversial face-off between small investors and hedge funds.

The bank's shares gained over 1% on Feb. 5.

Wow!
It is now common for CB’s to have equities on their portfolios, Bank of Japan (BOJ) is a leader in this, but apparently, now it’s so common, even more, when people literally are throwing money at you, and you have to put it somewhere (this is basically what’s happening in Switzerland.

But wait, if SNB is long equity, and now some equity is long Bitcoin, well, then SNB is (indirectly long Bitcoin).

So I headed to finte.io, a website that conveniently groups 13F filings to the sec.

Quote

All hedge funds or institutions that manage over $100M are required by the SEC to file quarterly reports on their holdings. These reports are called 13F reports. However, the filings are required the following quarter from the reporting period, which means that by the time the filing is made (and we see them), the information could be five months old.

Boom!
Swiss National Bank - 13F Filing - 2020-12-31

All the holding, nicely sorted.

Looking for MicroStrategy and Tesla, we can discover how many shares they own.
For MicroStrategy, we know exactly how many bitcoins they have, how many outstanding shares, so it’s trivial to compute how many bitcoins they have.
For TSLA figures are a little bit muddier, but we can guesstimate a ballpark guess: 1.5 billion bitcoin bought at the average price of the tentative time they bought, multiplied for the outstanding stocks.

Result of my back of the envelope calculations

Link to spreadsheet

SNB owns 245 BTC!

This is something that definitely has to be taken into account when someone will decide to “ban bitcoin”, or something like this.

Topic: SWISS NATIONAL BANK is the first Central Bank to own Bitcoin (via TSLA and MSRT) - page 3. (Read 509 times)