A sector-by-sector look at the public companies holding over 657,000 BTC
Since the historic institutional pivot of 2020, Bitcoin has steadily made its way from fringe asset to mainstream corporate treasury tool. What started with bold moves by MicroStrategy and Tesla has now evolved into a growing list of public companies — spanning industries from crypto mining and fintech to healthcare and retail — that hold Bitcoin on their balance sheets.
As of mid-2025, 135 publicly traded companies collectively hold over 657,000 BTC, accounting for roughly 3.3% of all Bitcoin in existence. While some treat it as a speculative asset or inflation hedge, others see it as a strategic reserve akin to digital gold. This post breaks down who these companies are — and why their Bitcoin exposure matters.
🧩 Bitcoin Treasury Firms
These companies treat Bitcoin as a core treasury asset.
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MicroStrategy (NASDAQ:MSTR) holds ~597,000 BTC
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Metaplanet (TYO:3350) holds ~13,000 BTC
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Semler Scientific (NASDAQ:SMLR) holds ~4,600 BTC
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Trump Media & Technology Group (NASDAQ:DJT) holds ~1,600 BTC
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GameStop (NYSE:GME) holds ~4,700 BTC
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Next Technology Holding (OTC:NXTH) holds ~5,800 BTC
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KindlyMD / Nakamoto Brands (OTC:NKMD) holds thousands of BTC
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Twenty One Capital (private) reportedly holds ~37,000 BTC
⛏️ Bitcoin Mining Companies
Publicly traded miners who often hold part of their mined BTC.
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Marathon Digital Holdings (NASDAQ:MARA) holds ~49,000 BTC
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Riot Platforms (NASDAQ:RIOT) holds ~19,200 BTC
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CleanSpark (NASDAQ:CLSK) holds ~12,600 BTC
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Hut 8 Mining (NASDAQ:HUT) holds ~10,300 BTC
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HIVE Digital Technologies (NASDAQ:HIVE) holds ~2,200 BTC
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Core Scientific (NASDAQ:CORZ) holds ~1,500+ BTC
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Cipher Mining (NASDAQ:CIFR) holds ~1,000 BTC
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Bit Digital (NASDAQ:BTBT) holds ~700 BTC
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Iris Energy (NASDAQ:IREN) holds ~500+ BTC
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TeraWulf (NASDAQ:WULF) holds ~400+ BTC
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Argo Blockchain (NASDAQ:ARBK) holds ~100–200 BTC
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Bitfarms (NASDAQ:BITF) holds several thousand BTC
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Bit Mining (NYSE:BTCM) holds hundreds of BTC
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Digihost Technology (NASDAQ:DGHI) holds a growing BTC treasury
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DMG Blockchain (TSXV:DMGI) holds BTC from its Canadian mining operations
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Cathedra Bitcoin (TSXV:CBIT) holds BTC reserves
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SATO Technologies (TSXV:SATO) maintains smaller BTC holdings
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The9 Limited (NASDAQ:NCTY) holds BTC and other crypto assets
🏦 Fintech, Crypto & Exchange Platforms
Payment firms, trading platforms, and custodians holding Bitcoin directly.
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Tesla (NASDAQ:TSLA) holds ~11,500 BTC
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Coinbase Global (NASDAQ:COIN) holds ~9,300 BTC
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Block Inc. (NYSE:SQ) holds ~8,600 BTC
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Bitcoin Group SE (ETR:ADE) holds ~12,400 BTC
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Galaxy Digital Holdings (OTC:BRPHF) holds ~1,800 BTC
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Bakkt Holdings (NYSE:BKKT) has reported BTC holdings and custodial exposure
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MercadoLibre (NASDAQ:MELI) holds BTC as part of its treasury strategy
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Virtu Financial (NASDAQ:VIRT) reportedly has crypto asset exposure
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Fold Holdings (private) holds BTC in its rewards-based ecosystem
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Robinhood (NASDAQ:HOOD) and Revolut (private) have indirect exposure via customer flows
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Voyager Digital (OTC:VYGVQ) held BTC prior to bankruptcy proceedings
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NEXON (TYO:3659) – Japanese gaming firm with BTC holdings
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Méliuz (BVMF:CASH3) – Brazilian fintech with BTC on balance sheet
🌐 Other Public Companies
Firms in non-crypto industries with Bitcoin allocations.
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Exodus (OTC:EXOD) – crypto wallet provider with BTC holdings
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Cango Inc. (NYSE:CANG) – Chinese auto finance company with BTC exposure
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Boyaa Interactive (HKG:0434) – Hong Kong gaming firm with BTC on the balance sheet
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Jasmine International (BKK:JAS) – Thai telecom firm investing in Bitcoin
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Nano Labs (NASDAQ:NA) – crypto-focused chipmaker with BTC treasury
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Alliance Resource Partners (NASDAQ:ARLP) – energy firm turned BTC investor
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Neptune Digital Assets (TSXV:NDA) – blockchain and digital asset company with BTC reserves
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Big Digital Assets (CSE:BIGG) – Canadian blockchain/analytics firm holding BTC
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Banxa Holdings (TSXV:BNXA) – fiat-to-crypto gateway firm with a small BTC treasury
The list of publicly traded Bitcoin holders is no longer limited to crypto-native firms and bold tech entrepreneurs. From miners and payment processors to retail giants and biotech startups, the corporate embrace of Bitcoin spans a surprising array of sectors.
While this growing exposure reflects Bitcoin’s legitimacy in modern finance, it also introduces volatility and regulatory scrutiny that investors must monitor closely. For traders and long-term investors alike, tracking corporate Bitcoin adoption can offer insights into both sentiment shifts and macro-level trends — but as always, it’s critical to balance headlines with hard data before making portfolio decisions.