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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
Updated May 11, 2023, 7:04 p.m. Published Oct 19, 2021, 3:10 p.m.
Chainalysis Director of Research Kim Grauer speaks at Consensus 2019. (CoinDesk archives)
Chainalysis Director of Research Kim Grauer speaks at Consensus 2019. (CoinDesk archives)

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 was CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.

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Danny Nelson

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