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.