Once deemed too volatile for serious business investments, publicly traded corporations are now significant holders of Bitcoin. This shift began with MicroStrategy’s $425 million purchase in August and September 2020, inspiring other major investors like Block and Tesla to follow suit.
According to Bitcoin Treasuries, these companies hold 5.39% of the total 21 million BTC supply. Among them, Strategy (formerly known as MicroStrategy) is a notable example. Renamed in February 2025 for its focus on Bitcoin strategy, it holds 780,897 BTC valued at $59 billion, representing over 3.7% of all Bitcoin ever to be issued.
During Q1 2024’s earnings call, co-founder Michael Saylor stated their ‘Bitcoin strategy’ outperformed rivals by 10x to 30x in the enterprise software sector. He disclosed owning 17,732 BTC personally, now worth over $1.3 billion. “We’re at the beginning of the stage of rapid institutional adoption of digital property in the form of Bitcoin,” he said.
Twenty One Capital, led by Jack Mallers, holds 43,513.12 BTC, about $3.3 billion, focusing solely on acquiring and servicing Bitcoin holdings. Similarly, Metaplanet, dubbed ‘Asian Strategy,’ owns 40,177 BTC, over $3 billion, with ambitions to reach 210,000 BTC by 2027.
MARA, a mining firm, holds approximately 38,689 BTC ($2.9 billion) but might sell some of its holdings for diversification into AI infrastructure. Bitcoin Standard Treasury Company is preparing to go public with over 30,000 BTC, led by early adopter Adam Back.
Riot Platforms, another miner, owns 15,680 BTC ($1.2 billion) and has been selling holdings amid a drawdown to fund operations. Coinbase, holding 15,389 BTC ($1.17 billion), continues investing in Bitcoin and innovating with products like cbBTC.
Strive Asset Management joined the top holders in January 2026 with over 13,000 BTC, following its acquisition of Semler Scientific’s Bitcoin holdings. Hut 8 holds 13,696 BTC and merged with US Bitcoin to focus on energy infrastructure for mining.
CleanSpark possesses 13,363 BTC ($1 billion), focusing on expanding its mining capacity rather than purchasing Bitcoin at market prices. This list is continuously updated using regulatory filings, company disclosures, blockchain data, and rankings like Bitcoin Treasuries.