The notion of public companies holding Bitcoin as a reserve asset, once deemed improbable due to its volatility, has become a significant trend. Major institutional investors are now actively accumulating the cryptocurrency.

MicroStrategy pioneered this shift in late 2020, with Block and Tesla soon following suit. Public companies collectively hold approximately 5.39% of Bitcoin's total 21 million supply.

Leading Bitcoin Holders

  • MicroStrategy: This business analytics firm, now primarily a Bitcoin treasury, holds 780,897 BTC, valued at $59 billion. CEO Michael Saylor champions this strategy, asserting it has delivered superior performance compared to rivals. He personally holds an additional 17,732 BTC.

  • Twenty One Capital: Led by Jack Mallers, the firm holds 43,513 BTC, approximately $3.3 billion. Its focus is on BTC acquisition and related services.

  • Metaplanet: This Tokyo-listed company boasts 40,177 BTC, over $3 billion. It aims to hold over 210,000 BTC by 2027 and has expanded operations to Miami, Florida.

  • Marathon Digital (MARA): The Bitcoin mining company holds 38,689 BTC, worth over $2.9 billion. MARA is also exploring AI infrastructure and has sold some Bitcoin to fund initiatives.

  • Bitcoin Standard Treasury Company: Set to go public, this entity will initially hold over 30,000 BTC, resulting from a merger with Cantor Equity Partners I.

  • Riot Platforms: Another major U.S. Bitcoin miner, Riot holds 15,680 BTC, nearly $1.2 billion. The company has diversified into AI demand and has sold Bitcoin to fund operations.

  • Coinbase: The leading crypto exchange holds 15,389 BTC, valued at approximately $1.17 billion, and plans to continue increasing its holdings.

  • Strive Asset Management: This financial services firm holds 13,678 BTC, exceeding $1 billion. It acquired Semler Scientific, adding its Bitcoin holdings.

  • Hut 8: A Canadian Bitcoin mining firm, Hut 8 holds 13,696 BTC, over $1 billion. It is expanding into AI compute and data centers.

  • CleanSpark: This U.S. Bitcoin miner holds 13,363 BTC, valued at approximately $1 billion. The company prioritizes mining Bitcoin over purchasing it at current market prices.