Which company holds the most Bitcoin?

Strategy (formerly MicroStrategy) holds the largest corporate Bitcoin treasury, with over 500,000 BTC as of early 2025. They began accumulating in August 2020.

Why do companies add Bitcoin to their treasury?

Companies add Bitcoin to their treasury as a store of value hedge against currency debasement, as an alternative to cash that loses purchasing power, and increasingly as a strategic financial position.

HodlertribeThe Hodler's Toolchest

Bitcoin Treasuries

Bitcoin Treasury Companies — Corporate Holders

Track Bitcoin holdings for publicly listed treasury companies. Cost basis, current value, unrealized gain/loss, and the case for corporate Bitcoin adoption.

Major Bitcoin Treasury Holdings

Strategy (MSTR)

MSTR

Software / Treasury

BTC Held

528,185

Avg Entry Price

$67,458

Current Value

—

Unrealized P/L

—

Marathon Digital (MARA)

MARA

Mining

BTC Held

44,893

Avg Entry Price

$52,000

Current Value

—

Unrealized P/L

—

Riot Platforms

RIOT

Mining

BTC Held

18,221

Avg Entry Price

$35,000

Current Value

—

Unrealized P/L

—

Coinbase

COIN

Exchange

BTC Held

9,480

Avg Entry Price

$40,000

Current Value

—

Unrealized P/L

—

Hut 8 Mining

HUT

Mining

BTC Held

9,109

Avg Entry Price

$38,000

Current Value

—

Unrealized P/L

—

Tesla

TSLA

Automotive

BTC Held

9,720

Avg Entry Price

$32,000

Current Value

—

Unrealized P/L

—

CleanSpark

CLSK

Mining

BTC Held

9,952

Avg Entry Price

$42,000

Current Value

—

Unrealized P/L

—

Galaxy Digital

GLXY

Finance

BTC Held

8,100

Avg Entry Price

$28,000

Current Value

—

Unrealized P/L

—

BTC holdings data approximate and may lag. Entry prices are estimated averages. Current value uses live BTC price. For accurate data, see official company filings.

Why Companies Hold Bitcoin

Treasury Reserve Asset

Companies holding excess cash face purchasing power erosion from inflation. Bitcoin's fixed supply and historical appreciation make it an alternative to cash, T-bills, or gold.

The MSTR Blueprint

Michael Saylor pioneered corporate Bitcoin treasury adoption in 2020, using debt instruments to fund BTC purchases. The 'Bitcoin machine' model has inspired dozens of imitators.

Treasury Drift Tool Michael Saylor Strategy (MSTR)

Bitcoin Treasuries

Bitcoin Treasury Companies — Corporate Holders

Track Bitcoin holdings for publicly listed treasury companies. Cost basis, current value, unrealized gain/loss, and the case for corporate Bitcoin adoption.

Major Bitcoin Treasury Holdings

Strategy (MSTR)

MSTR

Software / Treasury

BTC Held

528,185

Avg Entry Price

$67,458

Current Value

—

Unrealized P/L

—

Marathon Digital (MARA)

MARA

Mining

BTC Held

44,893

Avg Entry Price

$52,000

Current Value

—

Unrealized P/L

—

Riot Platforms

RIOT

Mining

BTC Held

18,221

Avg Entry Price

$35,000

Current Value

—

Unrealized P/L

—

Coinbase

COIN

Exchange

BTC Held

9,480

Avg Entry Price

$40,000

Current Value

—

Unrealized P/L

—

Hut 8 Mining

HUT

Mining

BTC Held

9,109

Avg Entry Price

$38,000

Current Value

—

Unrealized P/L

—

Tesla

TSLA

Automotive

BTC Held

9,720

Avg Entry Price

$32,000

Current Value

—

Unrealized P/L

—

CleanSpark

CLSK

Mining

BTC Held

9,952

Avg Entry Price

$42,000

Current Value

—

Unrealized P/L

—

Galaxy Digital

GLXY

Finance

BTC Held

8,100

Avg Entry Price

$28,000

Current Value

—

Unrealized P/L

—

BTC holdings data approximate and may lag. Entry prices are estimated averages. Current value uses live BTC price. For accurate data, see official company filings.

Why Companies Hold Bitcoin

Treasury Reserve Asset

Companies holding excess cash face purchasing power erosion from inflation. Bitcoin's fixed supply and historical appreciation make it an alternative to cash, T-bills, or gold.

The MSTR Blueprint

Michael Saylor pioneered corporate Bitcoin treasury adoption in 2020, using debt instruments to fund BTC purchases. The 'Bitcoin machine' model has inspired dozens of imitators.

Treasury Drift Tool Michael Saylor Strategy (MSTR)