An increasing number of publicly traded companies now recognize Bitcoin as a strategic reserve asset, actively expanding their holdings—a clear sign of institutional adoption.
1. MicroStrategy
Bitcoin Holdings: 214,400 BTC (~$14.8 billion)
As the pioneer in corporate Bitcoin adoption, MicroStrategy has transformed its treasury strategy around BTC. CEO Michael Saylor famously stated the company’s "Bitcoin strategy" outperformed competitors by 10–30x. His personal stash of 17,732 BTC (~$1.2 billion) places him among the top 101 Bitcoin holders.
Key Insight:
"Bitcoin competes with gold, real estate, and stocks—not just crypto assets."
2. Marathon Digital Holdings
Bitcoin Holdings: 17,631 BTC (~$1.23 billion)
This North American mining giant operates 240,000 rigs (29.9 EH/s hash rate). Post-2024 halving, Marathon aims to double its mining capacity despite Q1 2024 setbacks from equipment failures and weather disruptions.
3. Tesla
Bitcoin Holdings: 9,720 BTC (~$677 million)
Elon Musk’s Tesla made waves with its $1.5 billion BTC purchase in 2020. Despite selling 75% in 2022 (citing cash needs), the company retains its remaining BTC and accepts Dogecoin for merch.
Pro Tip: Tesla may resume BTC payments once 50% of mining uses clean energy.
4. Hut 8 Mining
Bitcoin Holdings: 9,109 BTC (~$644 million)
Merging with US Bitcoin Corp in 2023, Hut 8 now runs six mining sites across Alberta, Texas, and New York (7.5 EH/s capacity). Q1 2024 revenue surged 231% YoY to $51.7 million.
5. Riot Platforms
Bitcoin Holdings: 9,084 BTC (~$643 million)
Post-rebranding from Riot Blockchain, the company focuses on energy-efficient mining. Its Texas facilities (2 GW capacity) position it as a leader in sustainable BTC production.
👉 How Bitcoin mining adapts to energy challenges
6. Coinbase
Bitcoin Holdings: 9,000 BTC (~$642 million)
The NASDAQ-listed exchange holds BTC as part of its corporate treasury. Its 2021 direct listing marked a milestone for crypto’s Wall Street integration.
7. Galaxy Digital
Bitcoin Holdings: 8,100 BTC (~$578 million)
Michael Novogratz’s firm manages a spot Bitcoin ETF and remains bullish, predicting BTC at $100K by late 2024.
8. Block (Square)
Bitcoin Holdings: 8,027 BTC (~$573 million)
Jack Dorsey’s Block reinvests 10% of Bitcoin profits into BTC via dollar-cost averaging. Its Cash App enables businesses to auto-convert sales to BTC.
👉 Why Block bets big on Bitcoin’s future
9. CleanSpark
Bitcoin Holdings: 6,154 BTC (~$439 million)
Expanding post-halving, CleanSpark added 3.2 EH/s capacity in 2024. May 2024 saw 417 BTC mined—exceeding industry expectations.
10. Bitcoin Group SE
Bitcoin Holdings: 3,830 BTC (~$275 million)
This German VC backs Bitcoin.de and Futurum Bank, leveraging regulatory shifts allowing banks to custody crypto.
FAQs
Q: Why do companies hold Bitcoin?
A: As a hedge against inflation and a high-growth alternative to cash reserves.
Q: How does Bitcoin affect corporate valuations?
A: Firms like MicroStrategy see stock performance tied to BTC price movements.
Q: What’s the biggest risk?
A: Volatility—though long-term holders view dips as buying opportunities.
👉 Explore Bitcoin investment strategies
Data as of June 2024. Holdings are approximate and subject to market fluctuations.