Introduction:
Why Are Companies Buying So Much Bitcoin?
A few years ago, most big companies ignored Bitcoin. They thought it was too risky or just a trend. But now, things have changed. Big names like Tesla and MicroStrategy are buying Bitcoin like it’s the new gold. Some even own more than 3% of all Bitcoin in the world!
Who are these companies, and why are they betting on Bitcoin? Let’s break it down.
Top 10 Public Companies Holding Bitcoin (July 2025)
Strategy (formerly MicroStrategy)
- BTC Held: 607,770 BTC (~$71.4B)
- Details: Still the largest corporate holder, adding ~76,000 BTC since early 2024 via debt/equity raises. Now owns ~2.89% of Bitcoin’s total supply.
MARA Holdings (Marathon Digital)
- BTC Held: 49,951 BTC (~$5.87B)
- Details: Primarily from mining operations, leveraging low-energy costs in the U.S.
Twenty One Capital (XXI)
- BTC Held: 37,230 BTC (~$4.38B)
- Details: A newer player, rapidly accumulating BTC through debt offerings.
Riot Platforms
- BTC Held: 19,273 BTC (~$2.26B)
- Details: Expanded mining capacity in Texas; holds most mined BTC.
Metaplanet (Japan)
- BTC Held: 13,350 BTC (~$1.57B)
- Details: Asia’s top corporate holder, pivoted from hospitality to Bitcoin treasury.
Galaxy Digital
- BTC Held: 12,830 BTC (~$1.51B)
- Details: Crypto-focused financial firm, also manages Bitcoin ETFs.
CleanSpark
- BTC Held: 12,608 BTC (~$1.48B)
- Details: Sustainable Bitcoin miner, holding 100% of mined coins.
Tesla
- BTC Held: 11,509 BTC (~$1.35B)
- Details: Unchanged since 2024 sales; marks gains under new accounting rules.
Hut 8
- BTC Held: 10,264 BTC (~$1.21B)
- Details: Merged with U.S. Bitcoin Corp; mines and holds long-term.
Coinbase
- BTC Held: 9,267 BTC (~$1.09B)
- Details: Exchange holds BTC for corporate treasury and custody services.
Conclusion: Bitcoin Is Becoming Corporate Gold
Big companies are treating Bitcoin like digital gold—something rare and valuable that will grow over time. Whether they’re buying it directly (like MicroStrategy) or mining it (like Marathon), they all believe Bitcoin is here to stay.