After the last bull market in 2021, numerous publicly traded companies chose to acquire Bitcoin or increase their investments in this cryptocurrency. While Bitcoin's all-time high of $69,044.77** is now distant, the market has witnessed significant events—such as inflation and multiple corporate collapses—including the failures of industry giants like **FTX, Celsius, and Voyager**, which contributed to Bitcoin's price plummeting to **$15,602.
Top 10 Public Companies by Bitcoin Holdings
Based on Coingecko's analysis of global corporations integrating Bitcoin into their financial strategies, here are the 10 largest publicly traded companies with the highest Bitcoin holdings, ranked in descending order:
1. MicroStrategy (MSTR)
📌 Bitcoin Holdings: 158,245 BTC (0.754% of Bitcoin’s total supply)
📌 Initial Investment: $4.68 billion
📌 Average Purchase Price: $29,556 per BTC
📌 Current Market Cap: ~$4.35 billion
MicroStrategy, a business intelligence and data analytics firm, leads corporate Bitcoin adoption under CEO Michael J. Saylor. The company continuously expands its BTC reserves through strategic acquisitions.
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2. Marathon Digital Holdings (MARA)
📌 Bitcoin Holdings: 13,286 BTC (0.063% of supply)
📌 Initial Investment: $1.9 billion
📌 Average Purchase Price: $14,247 per BTC
📌 Current Portfolio Value: ~$3.65 billion
A Bitcoin mining powerhouse, Marathon Digital operates under CEO Fred Thiel, leveraging low-cost mining strategies to accumulate BTC.
3. Galaxy Digital Holdings (GLXY)
📌 Bitcoin Holdings: 12,545 BTC (0.06% of supply)
📌 Current Portfolio Value: ~$3.45 billion
Founded by Michael Novogratz, Galaxy Digital provides crypto trading, asset management, and investment banking, holding a significant BTC treasury.
4. Tesla, Inc. (TSLA)
📌 Bitcoin Holdings: 10,500 BTC (0.05% of supply)
📌 Initial Investment: $336 million
📌 Average Purchase Price: $32,000 per BTC
📌 Current Portfolio Value: ~$2.9 billion
Elon Musk’s Tesla made headlines in 2021 by allocating part of its cash reserves to Bitcoin, though it later sold a portion.
5. Coinbase Global (COIN)
📌 Bitcoin Holdings: 9,182 BTC (0.044% of supply)
📌 Initial Investment: $2.1 billion
📌 Average Purchase Price: $22,609 per BTC
📌 Current Portfolio Value: ~$2.5 billion
The leading U.S. crypto exchange, Coinbase holds BTC as part of its corporate reserves, reflecting confidence in the asset’s long-term value.
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6. Hut 8 Mining Corp (HUT)
📌 Bitcoin Holdings: 8,289 BTC (0.039% of supply)
📌 Current Portfolio Value: ~$2.3 billion
This Canadian mining firm focuses on sustainable Bitcoin production, maintaining a robust HODL strategy.
7. Block, Inc. (SQ)
📌 Bitcoin Holdings: 8,027 BTC (0.038% of supply)
📌 Initial Investment: $220 million
📌 Average Purchase Price: $27,416 per BTC
📌 Current Portfolio Value: ~$2.2 billion
Jack Dorsey’s Block (formerly Square) advocates for Bitcoin’s role in decentralized finance, regularly adding to its holdings.
8. Riot Platforms (RIOT)
📌 Bitcoin Holdings: 7,265 BTC (0.035% of supply)
📌 Current Portfolio Value: ~$2 billion
A major U.S.-based Bitcoin miner, Riot Platforms prioritizes large-scale operations to support the BTC network.
9. Hive Blockchain (HIVE)
📌 Bitcoin Holdings: 2,332 BTC (0.011% of supply)
📌 Current Portfolio Value: ~$640 million
This Canadian miner diversifies between Bitcoin and Ethereum, aligning with Proof-of-Work sustainability efforts.
10. Nexon Co Ltd (3659)
📌 Bitcoin Holdings: 1,717 BTC (0.008% of supply)
📌 Initial Investment: $1 billion
📌 Average Purchase Price: $58,277 per BTC
📌 Current Portfolio Value: ~$480 million
The South Korean gaming giant ventured into Bitcoin as a treasury asset, though its high purchase price reflects 2021’s peak market.
Key Takeaways
- Corporate Adoption: Bitcoin is increasingly recognized as a store of value by major firms.
- Market Influence: Holdings by public companies can impact liquidity and price stability.
- Strategic Accumulation: Firms like MicroStrategy and Marathon use dollar-cost averaging to mitigate volatility.
🔍 FAQs
Q: Which company owns the most Bitcoin?
A: MicroStrategy leads with 158,245 BTC, followed by Marathon Digital (13,286 BTC).
Q: Why do companies invest in Bitcoin?
A: Bitcoin serves as a hedge against inflation and a long-term appreciating asset.
Q: How does corporate BTC buying affect the market?
A: Large purchases can reduce circulating supply, potentially driving prices up.
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Note: Holdings and valuations are subject to change based on market conditions and corporate strategies.