Traditionally known as a safe haven asset, Bitcoin has somewhat become a subject of interest to institutional companies who see it as a way to balance their books. In just a few years, the number of public companies holding Bitcoin has soared. These companies hold an enormous amount of nearly 3% of the total Bitcoin supply. If they decide to sell, they could crash the price of BTC.
So, which company has the largest BTC holding? Here’s the top 10 corporate Bitcoin holders, how much they own, and why they resorted to integrating the digital asset into their model.
Top 10 Largest Bitcoin Holding Companies
Let’s start with the companies with the largest Bitcoin holdings, as of this writing.
1. Strategy (Formerly MicroStrategy)
Leading the pack is Strategy, a company that sets the tune for integrating Bitcoin into its balance sheet. As a software enterprise, Strategy began buying Bitcoin in 2020, citing concerns about cash-debasement. At first, it financed these acquisitions with cash, then later with debt. The company renamed itself in 2025 to align with its aggressive strategy of purchasing BTC.
Co-founder and executive chairman Michael Saylor is the man behind this model. As of writing, Strategy holds nearly 2.8% of the BTC total supply, making it the largest corporate owner of Bitcoin. After holding 582,000 BTC worth approximately $63 billion, the company insists on buying even more, particularly taking the risk to buy at the top.
2. Marathon Digital Holdings
Marathon Digital Holdings is one of the largest Bitcoin mining firms in North America. Headquartered in Fort Lauderdale, Florida, the firm only began aggressively accumulating BTC shortly after the 2024 Bitcoin Halving event. Since then, it has built quite a treasury over the past year.
Unlike most companies on this list, Marathon mines Bitcoin and holds. It spends on the equipment used, and not on acquiring BTC anymore. The firm holds roughly 49,000 BTC, valued at over $5.2 billion. Marathon accounts for over 0.2% of the total Bitcoin supply.
3. Riot Platforms, Inc
Riot Platforms transformed from a tech firm into one of the largest Bitcoin mining companies. Founded on 24 July 2000, the company engages in providing special digital infrastructure for Bitcoin mining. The Texas-based company struggled post-halving, but has gotten back on its feet.
It also leverages Strategy’s model of issuing debt to purchase BTC, despite boasting of one of the biggest mining facilities in North America. Riot holds an impressive 19,223 Bitcoin, valued at approximately $2 billion.
4. CleanSpark
CleanSpark, like Marathon and Riot, is a Bitcoin mining company. Unlike the two that purchase BTC in the open market sometimes, CleanSpark focuses on mining BTC itself. Its CFO argued that it was not practical to purchase Bitcoin at market price when they could mine it for $34,000. Smart!
The company continues to expand its mining facilities and now has a presence in Georgia and Wyoming. CleanSpark holds an estimated 12,500 BTC worth $1.3 billion.
5. Tesla
Tesla, the electric vehicle manufacturer, is among the largest corporate holders of Bitcoin. Having developed an interest in acquiring BTC in 2021, the company has invested an enormous amount in the asset. It sold some of its purchases as fluctuations began to bite in.
Tesla’s intention was not to add to its balance sheet, but to provide customers with the option to purchase products with crypto. This hasn’t gone smoothly, but still, Tesla invests in Bitcoin. The company holds about 11,500 BTC worth $1.2 billion.
6. Hut 8 Corp
Hut 8 Corp is a Canadian energy infrastructure company that acquires, designs, and manages data centers that power large-scale computing workloads, such as Bitcoin mining. It has expanded into the United States and across North America. Unlike other companies that own BTC as a static asset, Hut 8 leverages its reserves through yield accounts and strategic financing.
The company holds about 10,264 BTC worth $1.1 billion.
7. Metaplanet Inc.
Nicknamed the “Asian Strategy,” Metaplanet is a Japanese firm that has transitioned from managing budget hotels to building a substantial Bitcoin reserve. The company continuously issues zero-interest bonds to acquire Bitcoin. Recently, it announced plans to issue $210 million zero-interest bonds to purchase BTC. Although it made its foray into Bitcoin in late 2024, the company’s BTC holdings have risen from 400 BTC to 10,000 a year later.
Metaplanet holds 10,000 BTC, worth over $1 billion, following its latest acquisition. It plans to develop a Bitcoin-themed hotel and promote crypto awareness across Asia.
8. Coinbase Global
Coinbase Global is a prominent cryptocurrency exchange in the United States. Although Coinbase has faced issues with the SEC in recent years, and now with shareholders over a potential data breach, the exchange continues to offer crypto services that comply with the law. Besides facilitating trading, the company also holds a decent amount of BTC as a reserve.
Coinbase Global owns 9,267 BTC worth $994 million.
9. Block Inc.
Also known as Square, Block was founded by former X owner Jack Dorsey. The company was one of the first corporate owners of Bitcoin. It bought $50 million BTC in 2020, and indicates it will continue to invest in the asset from part of the profits generated from Bitcoin sales via the DCA program.
Block holds 8,484 BTC worth $910 million.
10. Galaxy Digitals
Galaxy Digital Holdings is an asset management company providing blockchain solutions. Founded by former hedge fund manager Mike Novogratz, Galaxy doesn’t just own Bitcoin but also grants exposure to spot ETFs, asset management, and proprietary trading. It’s one company with diversified digital asset services.
The company holds 8,100 BTC valued at $869 million.
Why Companies Are Increasing Their Bitcoin Holdings
Corporate companies are aggressively investing in the asset because of several reasons, such as;
- Hedge against inflation and Fiat currency debasement.
- Diversification, as crypto doesn’t correlate with traditional asset classes.
- Significant long-term upside of Bitcoin.
- Influence and identification with crypto innovation.
With regulations around digital assets becoming clearer and supportive, we expect financial products like spot Bitcoin ETFs, Ethereum ETFs, and others to gain momentum. The floor has been opened for more companies to make their foray into the crypto asset.
Final Say
Institutional Bitcoin holdings are increasing, a testament to the undeniable fact that the traditional financial institutions and even the world are fully embracing cryptocurrency. Expanding reserves will not only benefit these companies but also legitimize the asset.