Bitcoin Treasury Companies
1.28M BTC held by 173 companies in 31 countries · 6.09% of all Bitcoin
Bitcoin treasury summary
173 companies held 1.28 million BTC worth $103.0 billion on , 6.09% of the 21 million BTC that will ever exist. Holdings rose by 17,138 BTC over the last 30 days and 269,308 BTC over the year; Strategy alone holds 66% of the total.
Corporate Bitcoin holdings over time
Total BTC on company balance sheets, with the BTC price
Bitcoin treasury map
Tile size = BTC held · colour = unrealised profit or loss on cost
Top 32 companies = 97% of 1.28M BTC · grey: cost basis not available
Every Bitcoin treasury company
173 companies in 31 countries, ranked by BTC held · sort any column
| # | Company | BTC held | % of supply | Value | Avg cost | Cost basis | P&L |
|---|---|---|---|---|---|---|---|
| 1 |  StrategyMSTR · United States | 848,517 | 4.04% | $68.39B | $76,084 | $64.56B | +5.9% |
| 2 |  Metaplanet3350.T · Japan | 44,000 | 0.21% | $3.55B | $88,551 | $3.90B | −9.0% |
| 3 | Twenty One CapitalXXI · United States | 43,514 | 0.21% | $3.51B | 10-Q Jun 2026$84,865 | est.$3.69B | −5.0% |
| 4 | StriveASST · United States | 43,000 | 0.20% | $3.47B | $87,851 | $3.78B | −8.3% |
| 5 | MARA HoldingsMARA · United States | 35,577 | 0.17% | $2.87B | 10-Q Jun 2026$71,826 | est.$2.56B | +12.2% |
| 6 | BullishBLSH · United States | 23,800 | 0.11% | $1.92B | – | – | – |
| 7 | Galaxy Digital Holdings LtdGLXY · United States | 21,084 | 0.10% | $1.70B | $62,031 | $1.31B | +29.9% |
| 8 | Space Exploration Technologies Corp.SPCX · United States | 18,712 | 0.09% | $1.51B | $35,325 | $661.0M | +128.2% |
| 9 | Coinbase GlobalCOIN · United States | 17,311 | 0.08% | $1.40B | $70,111 | $1.21B | +15.0% |
| 10 | Hut 8 Mining CorpHUT · United States | 13,696 | 0.07% | $1.10B | 10-Q Jun 2026$38,605 | est.$528.7M | +108.8% |
| 11 | CleanSparkCLSK · United States | 13,470 | 0.06% | $1.09B | 10-Q Jun 2026$90,188 | est.$1.21B | −10.6% |
| 12 | TeslaTSLA · United States | 11,509 | 0.05% | $927.6M | $33,539 | $386.0M | +140.3% |
| 13 | Riot PlatformsRIOT · United States | 10-Q Jun 202611,380 | 0.05% | $917.2M | 10-Q Jun 2026$90,529 | est.$1.03B | −11.0% |
| 14 | Trump Media & Technology Group Corp.DJT · United States | 9,542 | 0.05% | $769.0M | $118,529 | $1.13B | −32.0% |
| 15 | BlockXYZ · United States | 9,032 | 0.04% | $727.9M | 10-Q Jun 2026$34,024 | est.$307.3M | +136.9% |
| 16 | American BitcoinABTC · United States | 7,500 | 0.04% | $604.5M | 10-Q Jun 2026$97,717 | est.$732.9M | −17.5% |
| 17 |  GD Culture GroupGDC · China | 7,500 | 0.04% | $604.5M | $112,201 | $841.5M | −28.2% |
| 18 | Next Technology HoldingNXTT · China | 5,833 | 0.03% | $470.1M | $31,386 | $183.1M | +156.8% |
| 19 | Silvia (formerly ProCap Financial)BRR · United States | 5,130 | 0.02% | $413.4M | 10-Q Jun 2026$92,112 | est.$472.5M | −12.5% |
| 20 | Gemini Space StationGEMI · United States | 4,827 | 0.02% | $389.0M | $48,723 | $235.2M | +65.4% |
| 21 | Nakamoto Inc (formerly KindlyMD)NAKA · United States | 4,467 | 0.02% | $360.0M | 10-Q Jun 2026$118,249 | est.$528.2M | −31.8% |
| 22 |  Boyaa Interactive International Limited434.HK · Hong Kong | 4,091 | 0.02% | $329.7M | $68,114 | $278.7M | +18.3% |
| 23 |  OranjeBTCOBTC3.SA · Brazil | 3,950 | 0.02% | $318.3M | $103,217 | $407.7M | −21.9% |
| 24 | BitGo HoldingsBTGO · United States | 3,854 | 0.02% | $310.6M | $66,794 | $257.4M | +20.7% |
| 25 |  Bitcoin Group SEADE.DE · Germany | 3,605 | 0.02% | $290.5M | – | – | – |
| 26 |  Capital BALCPB.PA · France | 3,525 | 0.02% | $284.1M | $101,898 | $359.2M | −20.9% |
| 27 | Empery DigitalEMPD · United States | 2,914 | 0.01% | $234.9M | 10-K Mar 2026$117,714 | est.$343.0M | −31.5% |
| 28 | DDC Enterprise LimitedDDC · United States | 2,899 | 0.01% | $233.6M | $78,204 | $226.7M | +3.1% |
| 29 | Ionic DigitalIOND · United States | 2,882 | 0.01% | $232.3M | 10-Q Jun 2026$85,095 | est.$245.2M | −5.3% |
| 30 |  The Smarter Web Company PLCSWC.L · United Kingdom | 2,747 | 0.01% | $221.4M | $116,896 | $321.1M | −31.1% |
| 31 |  DeFi TechnologiesDEFI.NE · Canada | 2,597 | 0.01% | $209.3M | – | – | – |
| 32 |  Microcloud HologramHOLO · Cayman Islands | 2,353 | 0.01% | $189.6M | $84,000 | $197.7M | −4.1% |
| 33 |  BITFUFUFUFU · Singapore | 1,830 | 0.009% | $147.5M | – | – | – |
| 34 | CanaanCAN · United States | 1,826 | 0.009% | $147.2M | – | – | – |
| 35 | NEXON Co., Ltd.3659.T · Japan | 1,717 | 0.008% | $138.4M | $58,226 | $100.0M | +38.4% |
| 36 | Keel Infrastructure (formerly Bitfarms)KEEL · United States | 1,558 | 0.007% | $125.6M | – | – | – |
| 37 | Remixpoint3825.T · Japan | 1,501 | 0.007% | $121.0M | $98,104 | $147.3M | −17.8% |
| 38 | Cipher Digital Inc (formerly Cipher Mining)CIFR · United States | 1,500 | 0.007% | $120.9M | – | – | – |
| 39 | Anap Holdings3189.T · Japan | 1,432 | 0.007% | $115.4M | $94,096 | $134.7M | −14.3% |
| 40 |  TreasuryNEDSE.AS · Netherlands | 1,111 | 0.005% | $89.5M | – | – | – |
| 41 | Hyperscale DataGPUS · United States | 1,106 | 0.005% | $89.1M | – | – | – |
| 42 |  H100 GroupH100 · Sweden | 1,051 | 0.005% | $84.7M | $77,143 | $81.1M | +4.5% |
| 43 |  ZOOZZOOZ.TA · Israel | 1,036 | 0.005% | $83.5M | $116,195 | $120.4M | −30.6% |
| 44 | CangoCANG · China | 1,026 | 0.005% | $82.7M | – | – | – |
| 45 | Nano LabsNA · China | 1,000 | 0.005% | $80.6M | – | – | – |
| 46 | USBCUSBC · United States | 1,000 | 0.005% | $80.6M | – | – | – |
| 47 | Apimeds Pharmaceuticals US IncAPUS · United States | 1,000 | 0.005% | $80.6M | – | – | – |
| 48 | Core ScientificCORZ · United States | 848 | 0.004% | $68.3M | – | – | – |
| 49 | FigmaFIG · United States | 843 | 0.004% | $67.9M | $65,274 | $55.0M | +23.5% |
| 50 | Ming Shing GroupMSW · Hong Kong | 833 | 0.004% | $67.1M | $89,250 | $74.3M | −9.7% |
| 51 | Fold HoldingsFLD · United States | 827 | 0.004% | $66.7M | – | – | – |
| 52 | Yueda Digital HoldingYDKG · Cayman Islands | 819 | 0.004% | $66.0M | – | – | – |
| 53 | SOS LimitedSOS · China | 803 | 0.004% | $64.7M | – | – | – |
| 54 | Convano6574.T · Japan | 763 | 0.004% | $61.5M | – | – | – |
| 55 | Bitcoin Treasury CorpBTCT.V · Canada | 759 | 0.004% | $61.2M | – | – | – |
| 56 |  Aker ASAAKER.OL · Norway | 754 | 0.004% | $60.8M | $53,928 | $40.7M | +49.4% |
| 57 | CIMGCIMG · China | 730 | 0.003% | $58.8M | – | – | – |
| 58 | Exodus MovementEXOD · United States | 656 | 0.003% | $52.9M | – | – | – |
| 59 |  Phoenix Group PLCPHX.AD · United Arab Emirates | 641 | 0.003% | $51.7M | – | – | – |
| 60 | MéliuzCASH3.SA · Brazil | 605 | 0.003% | $48.7M | $103,323 | $62.5M | −22.0% |
| 61 |  MercadoLibreMELI.BA · Argentina | 570 | 0.003% | $46.0M | $38,569 | $22.0M | +109.0% |
| 62 |  Bitmax Co377030.KQ · South Korea | 551 | 0.003% | $44.4M | $103,018 | $56.8M | −21.8% |
| 63 | Alliance Resource Partners, L.P.ARLP · United States | 541 | 0.003% | $43.6M | $45,246 | $24.5M | +78.1% |
| 64 |  Samara Asset GroupSRAG.DU · Malta | 540 | 0.003% | $43.5M | – | – | – |
| 65 | Figure Technology SolutionsFIGR · United States | 527 | 0.003% | $42.5M | – | – | – |
| 66 | PreneticsPRE · Cayman Islands | 510 | 0.002% | $41.1M | $106,600 | $54.4M | −24.4% |
| 67 | 3U Holding AGUUU.DE · Germany | 427 | 0.002% | $34.4M | – | – | – |
| 68 | Neptune Digital AssetsNDA.V · Canada | 417 | 0.002% | $33.6M | – | – | – |
| 69 | Virtu FinancialVIRT · United States | 410 | 0.002% | $33.0M | $93,169 | $38.2M | −13.5% |
| 70 | DMG Blockchain SolutionsDMGI.V · Canada | 398 | 0.002% | $32.1M | – | – | – |
| 71 | Power Compute (previously LM Funding America)PWCM · United States | 356 | 0.002% | $28.7M | – | – | – |
| 72 |  Net Holding A.S.NTHOL.E.IS · Türkiye | 352 | 0.002% | $28.4M | – | – | – |
| 73 | Consensus Mining & SeigniorageCMSG · United States | 346 | 0.002% | $27.9M | $48,667 | $16.8M | +65.6% |
| 74 | Angel Studios IncANGX · United States | 303 | 0.001% | $24.4M | $62,089 | $18.8M | +29.8% |
| 75 | POP Culture Group Co. Ltd.CPOP · China | 300 | 0.001% | $24.2M | $110,000 | $33.0M | −26.7% |
| 76 | Bitplanet Co049470.KQ · South Korea | 300 | 0.001% | $24.2M | $105,395 | $31.6M | −23.5% |
| 77 | S-Science Company5721.T · Japan | 296 | 0.001% | $23.9M | $114,772 | $34.0M | −29.8% |
| 78 | The9 LimitedNCTY · China | 285 | 0.001% | $23.0M | – | – | – |
| 79 |  DigitalXDCC.AX · Australia | 284 | 0.001% | $22.9M | – | – | – |
| 80 | LQWD Technologies Corp.LQWD.V · Canada | 267 | 0.001% | $21.5M | $77,380 | $20.7M | +4.2% |
| 81 | Phoenix Digital AssetsPNIX.AQ · United Kingdom | 247 | 0.001% | $19.9M | – | – | – |
| 82 |  Coinshares International LimitedCS.ST · Jersey | 236 | 0.001% | $19.0M | – | – | – |
| 83 | WEMADE112040.KQ · South Korea | 223 | 0.001% | $18.0M | $93,959 | $21.0M | −14.2% |
| 84 |  Vanadi Coffee, SAVANA.MC · Spain | 213 | 0.001% | $17.2M | $99,548 | $21.2M | −19.0% |
| 85 | RUM Group Inc (formerly Rumble)RUM · Canada | 211 | 0.001% | $17.0M | – | – | – |
| 86 | Parataxis Korea288330.KQ · South Korea | 200 | 0.001% | $16.1M | – | – | – |
| 87 | BitMine ImmersionBMNR · United States | 198 | 0.001% | $16.0M | – | – | – |
| 88 |  CoinsiliumCOIN.AQ · Gibraltar | 182 | 0.001% | $14.7M | $105,182 | $19.1M | −23.4% |
| 89 | Matador TechnologiesMATA.V · Canada | 175 | 0.001% | $14.1M | – | – | – |
| 90 | Bitcoin Treasury CapitalBTC-B.SE · Sweden | 167 | 0.001% | $13.5M | $122,332 | $20.5M | −34.1% |
| 91 | HIVE Digital TechnologiesHIVE · Canada | 166 | 0.001% | $13.4M | – | – | – |
| 92 |  The Brooker GroupBTC.BK · Thailand | 165 | 0.001% | $13.3M | – | – | – |
| 93 | FRMO Corp.FRMO · United States | 159 | 0.001% | $12.8M | $25,124 | $4.0M | +220.8% |
| 94 | B HODLHODL.AQ · United Kingdom | 158 | 0.001% | $12.8M | $111,878 | $17.7M | −28.0% |
| 95 | Genius GroupGNS · Singapore | 154 | 0.001% | $12.4M | – | – | – |
| 96 | Sixty-Six CapitalSIX.CN · Canada | 149 | 0.001% | $12.0M | – | – | – |
| 97 | K33 ABK33.ST · Norway | 141 | 0.001% | $11.4M | $117,224 | $16.5M | −31.2% |
| 98 |  BTCS S.A.BTF.WA · Poland | 138 | 0.001% | $11.1M | $112,094 | $15.4M | −28.1% |
| 99 | Vaultz CapitalV3TC.AQ · United Kingdom | 135 | 0.001% | $10.9M | $75,066 | $10.1M | +7.4% |
| 100 | Horizon Kinetics Holding CorpHKHC · United States | 131 | 0.001% | $10.6M | $12,992 | $1.7M | +520.3% |
| 101 | Neowiz holdings042420.KQ · South Korea | 123 | 0.001% | $9.9M | $57,634 | $7.1M | +39.8% |
| 102 | DigiPowerXDGX.V · United States | 112 | 0.001% | $9.0M | – | – | – |
| 103 | BIGG Digital AssetsBIGG.V · Canada | 100 | 0.000% | $8.1M | – | – | – |
| 104 | Bitcoin DepotBTM · United States | 100 | 0.000% | $8.1M | – | – | – |
| 105 | Lion Group HoldingLGHL · Singapore | 88 | 0.000% | $7.1M | – | – | – |
| 106 | London Bitcoin Company (formerly Vinanz)BTC.L · United Kingdom | 86 | 0.000% | $6.9M | $103,137 | $8.9M | −21.9% |
| 107 | Belgravia Hartford CapitalBLGV.CN · Canada | 83 | 0.000% | $6.7M | $104,937 | $8.7M | −23.2% |
| 108 | Gumi Inc3903.T · Japan | 80 | 0.000% | $6.5M | $85,769 | $6.9M | −6.0% |
| 109 | YUXING8005.HK · Hong Kong | 78 | 0.000% | $6.3M | $80,960 | $6.3M | −0.5% |
| 110 | RSXYZ PCLXYZ.BK · Thailand | 75 | 0.000% | $6.0M | $112,629 | $8.4M | −28.4% |
| 111 | Circle Internet GroupCRCL · United States | 74 | 0.000% | $6.0M | $30,108 | $2.2M | +167.7% |
| 112 | Bitcoin WellBTCW.V · Canada | 69 | 0.000% | $5.6M | $113,061 | $7.8M | −28.7% |
| 113 | Stack BTCKASH.AQ · United Kingdom | 68 | 0.000% | $5.5M | $67,979 | $4.6M | +18.6% |
| 114 | SBC Medical Group HoldingsSBC · Japan | 66 | 0.000% | $5.3M | – | – | – |
| 115 | XCE Connecting Excellence GroupXCE.AQ · United Kingdom | 63 | 0.000% | $5.1M | $67,958 | $4.3M | +18.6% |
| 116 | AtaiBeckley Inc (formerly ATAI Life Sciences N.V.)ATAI · Germany | 58 | 0.000% | $4.7M | $86,207 | $5.0M | −6.5% |
| 117 | Orion Digital Corp (formerly Mogo)ORIO.TO · Canada | 50 | 0.000% | $4.0M | – | – | – |
| 118 | Datacentrex (formerly Thumzup Media)DTCX · United States | 46 | 0.000% | $3.7M | $83,946 | $3.9M | −4.0% |
| 119 | Linekong Interactive Group Co., Ltd8267.HK · China | 44 | 0.000% | $3.6M | $28,054 | $1.2M | +187.3% |
| 120 |  Robin EnergyRBNE · Cyprus | 44 | 0.000% | $3.5M | $113,766 | $5.0M | −29.2% |
| 121 | BitStrat Holdings6113.HK · Hong Kong | 43 | 0.000% | $3.5M | $114,950 | $5.0M | −29.9% |
| 122 | LiveOneLVO · United States | 43 | 0.000% | $3.5M | $115,875 | $5.0M | −30.4% |
| 123 | WonderFi (acquired by Robinhood)WNDR.TO · Canada | 40 | 0.000% | $3.2M | – | – | – |
| 124 | AI Fusion Capital Group254A.T · Japan | 38 | 0.000% | $3.0M | $68,114 | $2.6M | +18.3% |
| 125 | ACE DigitalACED.OL · Norway | 33 | 0.000% | $2.6M | – | – | – |
| 126 | aifinyoEBEN.HM · Germany | 31 | 0.000% | $2.5M | – | – | – |
| 127 | AsiaStrategySORA · Hong Kong | 30 | 0.000% | $2.4M | – | – | – |
| 128 | Moon Inc1723.HK · Hong Kong | 29 | 0.000% | $2.4M | $87,788 | $2.6M | −8.2% |
| 129 | Planet VenturesCanada | 29 | 0.000% | $2.3M | $114,195 | $3.3M | −29.4% |
| 130 | Fragbite GroupFRAG.ST · Sweden | 29 | 0.000% | $2.3M | $116,186 | $3.4M | −30.6% |
| 131 | Crypto Blockchain IndustriesALCBI.PA · France | 29 | 0.000% | $2.3M | – | – | – |
| 132 | DarkHorse Technologies (previously Sphere 3D)DRK · United States | 23 | 0.000% | $1.8M | – | – | – |
| 133 | DevvStreamDEVS · Canada | 22 | 0.000% | $1.8M | – | – | – |
| 134 |  MuranoMRNO · Mexico | 21 | 0.000% | $1.7M | – | – | – |
| 135 | KR1 plcKR1.L · United Kingdom | 21 | 0.000% | $1.7M | – | – | – |
| 136 | FalconedgeEDGE.AQ · United Kingdom | 20 | 0.000% | $1.6M | $98,147 | $2.0M | −17.9% |
| 137 |  Hamak StrategyHAMA.L · British Virgin Islands | 20 | 0.000% | $1.6M | $117,797 | $2.4M | −31.6% |
| 138 | Norwegian Block ExchangeNBX.OL · Norway | 19 | 0.000% | $1.5M | – | – | – |
| 139 | CDT EquityCDT · United States | 18 | 0.000% | $1.4M | $111,816 | $2.0M | −27.9% |
| 140 | Merchant Bankers Co (MBK)3121.T · Japan | 18 | 0.000% | $1.4M | $109,788 | $1.9M | −26.6% |
| 141 | Abits GroupABTS.OTCMKTS · United States | 16 | 0.000% | $1.3M | – | – | – |
| 142 | Value Creation9238.T · Japan | 15 | 0.000% | $1.2M | $102,505 | $1.6M | −21.4% |
| 143 | iPowerIPW · United States | 15 | 0.000% | $1.2M | $87,775 | $1.3M | −8.2% |
| 144 | GlobantGLOB · United States | 15 | 0.000% | $1.2M | $33,333 | $500K | +141.8% |
| 145 | Kontrol TechnologiesKNR.NE · Canada | 14 | 0.000% | $1.1M | – | – | – |
| 146 | Digital Commodities CapitalCanada | 13 | 0.000% | $1.1M | $129,251 | $1.7M | −37.6% |
| 147 | Locate TechnologiesLOC.NZ · Australia | 12 | 0.000% | $991K | $117,624 | $1.4M | −31.5% |
| 148 | Goobit GroupBTCX.ST · Sweden | 12 | 0.000% | $939K | $107,304 | $1.3M | −24.9% |
| 149 | Kitabo3409.T · Japan | 12 | 0.000% | $930K | $107,438 | $1.2M | −25.0% |
| 150 | NOMAD Power Solutions (formerly LIXTE Biotechnology)NMAD · United States | 11 | 0.000% | $846K | – | – | – |
| 151 | Walnut Capital Limited0905.HK · Hong Kong | 10 | 0.000% | $806K | – | – | – |
| 152 | Blue Star CapitalBLU.L · United Kingdom | 9 | 0.000% | $747K | $116,007 | $1.1M | −30.5% |
| 153 | SATO Technologies CorpSATO.V · Canada | 9 | 0.000% | $725K | – | – | – |
| 154 | Athena Bitcoin GlobalABIT · United States | 9 | 0.000% | $725K | – | – | – |
| 155 | GSTechnologiesGST.L · Australia | 9 | 0.000% | $709K | $113,593 | $1000K | −29.1% |
| 156 | Jasmine International PCLJAS.BK · Thailand | 9 | 0.000% | $698K | – | – | – |
| 157 | Cathedra Bitcoin (acquired by Sphere 3D Corp)CBIT.V · Canada | 8 | 0.000% | $610K | – | – | – |
| 158 | Refine GroupREFINE.ST · Sweden | 7 | 0.000% | $579K | $115,585 | $830K | −30.3% |
| 159 | Where Food Comes FromWFCF · United States | 7 | 0.000% | $565K | $25,400 | $178K | +217.3% |
| 160 |  Al Abraaj Restaurants GroupABRAAJ.BH · Bahrain | 7 | 0.000% | $564K | $97,743 | $684K | −17.5% |
| 161 |  AutrisAUTR · Panama | 7 | 0.000% | $563K | $51,148 | $357K | +57.6% |
| 162 | GreenMercGMERCB.SE · Sweden | 6 | 0.000% | $500K | – | – | – |
| 163 | OneMedNet CorporationONMD · United States | 6 | 0.000% | $484K | $108,833 | $653K | −25.9% |
| 164 | Quantum Solutions2338.T · Japan | 5 | 0.000% | $409K | $90,406 | $458K | −10.9% |
| 165 | Pioneer AI Foundry IncJPEG.NE · Canada | 5 | 0.000% | $405K | – | – | – |
| 166 | Tap GlobalTAP.L · United Kingdom | 5 | 0.000% | $403K | – | – | – |
| 167 | Green Minerals ASGEM.OL · Norway | 4 | 0.000% | $322K | $104,196 | $417K | −22.7% |
| 168 | Banxa Holdings (acquired by OSL Group)BNXA.V · Canada | 4 | 0.000% | $322K | – | – | – |
| 169 | TeraWulfWULF · United States | 4 | 0.000% | $322K | – | – | – |
| 170 | Bit DigitalBTBT · United States | 4 | 0.000% | $322K | $87,103 | $348K | −7.5% |
| 171 | 333DT3D.AX · Australia | 2 | 0.000% | $163K | $119,464 | $241K | −32.5% |
| 172 | GameStop Corp.GME · United States | 1 | 0.000% | $81K | – | – | – |
| 173 | PhunwarePHUN · United States | 1 | 0.000% | $66K | – | – | – |
Value at $80,594 per BTC. Average cost and P&L only where we have the company’s cost basis (101 of 173); “–” means not available yet. A filing tag (10-Q, 8-K …) marks 11 average costs taken from the company’s latest filing and links to it; the cost basis shown there is that average × today’s holdings (est.). % of supply is of the 21 million BTC that will ever exist.
Corrected from filings: Riot Platforms 11,380 BTC (10-Q, 30 Jun 2026; the data feed shows 15,680).
Left out: Bitcoin Standard Treasury Company (CEPO), 30,021 BTC in the data feed. The merger with Cantor Equity Partners I (CEPO) was called off in July 2026 and the bitcoin contributions terminated; the listed company holds no bitcoin. (10-Q, 16 Jul 2026)
Average cost vs today’s price
101 of 173 companies have a known cost basis, covering 96% of corporate BTC · BTC $80,594
- Strategy$76,084+5.9%
- Metaplanet$88,551−9.0%
- Twenty One Capital10-Q Jun 2026$84,865−5.0%
- Strive$87,851−8.3%
- MARA Holdings10-Q Jun 2026$71,826+12.2%
- Galaxy Digital Holdings Ltd$62,031+29.9%
- Space Exploration Technologies Corp.$35,325+128.2%
- Coinbase Global$70,111+15.0%
- Hut 8 Mining Corp10-Q Jun 2026$38,605+108.8%
- CleanSpark10-Q Jun 2026$90,188−10.6%
- Tesla$33,539+140.3%
- Riot Platforms10-Q Jun 2026$90,529−11.0%
Paid $93.3B, worth $98.5B today: +$5.2B (+5.5%). Average cost across them $76,371 per BTC.
What counts as a Bitcoin treasury company
A company appears here when it reports bitcoin it owns on its balance sheet: dedicated treasury companies that raise money to buy bitcoin, miners that keep the coins they produce, and operating businesses that hold part of their reserves in it. Exchange-traded funds, investment trusts, governments and coins an exchange holds for its customers are left out, so the total is bitcoin held by companies for themselves.
How companies pay for their Bitcoin
- Cash and operating profits. The simplest route, used by Tesla, Block and most smaller holders.
- New shares. At-the-market programmes let a company sell stock gradually and buy bitcoin with the proceeds. It adds bitcoin per share only while the shares trade above the value of the bitcoin behind them (mNAV above 1).
- Convertible notes and loans. Low-coupon debt that converts into shares if the stock rises. It adds leverage: the bitcoin stays, the debt has to be repaid or refinanced.
- Preferred stock. Strategy and others issue preferred shares that pay a fixed dividend, a way to raise money without diluting common holders.
How to read this page
- Concentration. One company holds about two-thirds of all corporate bitcoin, so totals move mostly with its purchases. The treasury map can leave it out to show the rest of the field.
- Net change. The weekly and monthly bars are the change in tracked holdings: purchases minus sales, plus companies newly added to the tracker. A week with new companies is marked in the tooltip.
- Cost and profit. We have a cost basis for about half the companies. Average cost and unrealised profit are shown only for them, and the totals in the stat strip compare like with like.
- Against the price. The holdings chart overlays the BTC price: companies that keep buying through a falling market show conviction, sales into weakness show strain.
A short history of corporate Bitcoin
- August 2020. MicroStrategy buys 21,454 BTC and becomes the first large listed company to hold bitcoin as its main treasury reserve.
- February 2021. Tesla discloses a $1.5 billion bitcoin purchase.
- December 2023. The FASB issues ASU 2023-08, moving US companies to fair-value accounting for crypto.
- April 2024. Tokyo-listed Metaplanet adopts bitcoin as its treasury reserve asset.
- February 2025. MicroStrategy renames itself Strategy.
- 2025. A wave of new treasury companies lists through mergers and share placements, among them Twenty One Capital, Strive and Nakamoto.
Risks companies disclose
Bitcoin’s volatility runs straight through to earnings under fair-value accounting. Companies that borrowed to buy face refinancing risk if the price falls when their debt comes due, and those that fund purchases with new shares depend on their stock trading above the value of their bitcoin. Custody, the security of the coins and changes in regulation or tax treatment are the other risks most filings name.
Where the data comes from
Holdings come from company filings, press releases and treasury disclosures, and each company’s figure is its latest reported total. Values use the current BTC price. Cost basis is what a company has reported paying in total. Our data source does not yet carry it for every company, including some of the largest that do report it in their filings; for those, average cost and profit are left blank rather than guessed, and the profit totals count only companies with a known cost basis. The holdings history is the daily sum across every tracked company, so it also rises when a company is added to the tracker. Where a company’s filings contradict the data feed (a holding that no longer exists, or a count months out of date), the table uses the filed figure or leaves the company out, says so under the table with a link to the filing, and the history is reduced by the same amount. The share of supply compares holdings with the 21 million BTC that will ever exist, and the US spot ETF figure comes from the funds’ latest holdings files, as on the Bitcoin ETF page.
Bitcoin treasury FAQ
Live answers use the latest holdings · updated
How much Bitcoin do companies hold?
Companies hold about 1.28M BTC, worth $103.0B at $80,594 per BTC, or 6.09% of the 21 million BTC that will ever exist. That is up 17,138 BTC in the last 30 days and up 269,308 BTC in a year.
Which company holds the most Bitcoin?
Strategy (MSTR) holds the most Bitcoin of any company: 848,517 BTC, 66.4% of everything companies hold and 4.04% of the 21 million BTC that will ever exist. Metaplanet (3350.T) with 44,000 BTC and Twenty One Capital (XXI) with 43,514 BTC follow.
How many companies hold Bitcoin?
173 companies in 31 countries report Bitcoin on their balance sheets, most of them listed on a stock exchange. 59 in the US, 22 in Canada, 13 in Japan lead the count. 1 were added to the tracker in the last 30 days.
What is Strategy’s average Bitcoin cost?
Strategy has paid $64.56B for its 848,517 BTC, an average of $76,084 per coin. At $80,594 the holding is worth $68.39B, an unrealised gain of $3.83B (+5.9%).
What is a Bitcoin treasury company?
A Bitcoin treasury company is a business that holds bitcoin on its balance sheet as a reserve asset, in place of or alongside cash. Some buy it as their main strategy and raise money specifically to add more, as Strategy and Metaplanet do. Others are operating businesses that keep part of their reserves in bitcoin, such as Tesla and Block, or miners that keep the coins they mine.
Why do companies buy Bitcoin?
Most say they want a reserve asset that cash inflation can’t erode, because bitcoin’s supply is capped at 21 million. Dedicated treasury companies also offer investors a listed way to own bitcoin, often with leverage from the debt and preferred stock they issue to buy it. The trade-off is volatility: a fall in the price hits the balance sheet and, under fair-value accounting, reported earnings.
What is mNAV for a Bitcoin treasury company?
mNAV (multiple of net asset value) compares a company’s market value with the value of the BTC it holds. An mNAV of 2 means the market prices the company at twice its BTC. Above 1, a company can sell new shares and buy more BTC per share than it gives away, which is how treasury companies grow their holdings; below 1, issuing shares to buy BTC dilutes existing holders.
How do companies account for Bitcoin?
Under US GAAP (ASU 2023-08), companies measure bitcoin at fair value, with gains and losses in net income, for fiscal years starting after 15 December 2024; many adopted it early. Before that, crypto was an intangible asset that could only be written down after a price fall, never back up. IFRS reporters in Europe and Asia still mostly hold it at cost less impairment.
Do Bitcoin miners count as treasury companies?
Yes, when they report bitcoin they own on their balance sheet. Miners such as MARA, Riot and CleanSpark keep part or all of the coins they mine and some buy more. Their holdings move with production and with sales to fund operations, so they change more often than a pure treasury company’s.
What is the difference between Bitcoin treasury companies and Bitcoin ETFs?
An ETF holds bitcoin for its shareholders and tracks the price minus a fee; it does not borrow or issue debt to buy more. A treasury company owns bitcoin for itself and can use debt, equity and preferred stock to grow its holdings per share, so its shares can trade well above or below the value of its bitcoin. ETF holdings are tracked on the Bitcoin ETF page and are not counted here.
Why do Bitcoin treasury trackers show different totals?
They include different things. Some add governments, private companies or ETFs; some count coins an exchange holds for customers; and filings are published on different dates, so one tracker may show a purchase a few days before another. This page counts companies’ own bitcoin as they report it and leaves out ETFs, funds, governments and customer balances.
Related Bitcoin data
Holdings are the companies’ own disclosures and can lag their latest purchases or sales by days. Not financial advice. Where the data comes from