Bitcoin Treasury Holdings

Track publicly traded companies and governments that own Bitcoin as part of their treasury reserves. Read more

CoinGecko tracks 167 institutions with a total holding of 1,845,293 BTC worth $145 Billion, representing 8.79% of Bitcoin’s total supply.

167

Treasury BTC Dominance

#	Entities	Type	Activity in Last 30d	Total Bitcoin	Total Cost (USD)	Today's Value (USD)	mNAV	% of Total BTC Supply

1	🇺🇸 Strategy MSTR.US	Company	+52,962 BTC	815,061	$61,558,057,834	$63,844,643,455	1.08x	3.881%
2	🇺🇸 United States	Government	-	329,693	-	$25,825,222,940	-	1.570%
3	🇨🇳 China	Government	-	190,000	-	$14,882,913,373	-	0.905%
4	🇬🇧 United Kingdom	Government	-	61,245	-	$4,797,389,629	-	0.292%
5	🇺🇸 XXI XXI.US	Company	-	43,514	-	$3,408,500,487	1.49x	0.207%
6	🇯🇵 Metaplanet 3350.T	Company	+5,075 BTC	40,177	$3,588,937,607	$3,147,109,529	0.95x	0.191%
7	🇺🇸 MARA Holdings MARA.US	Company	-15,133 BTC	38,689	-	$3,030,552,818	2.39x	0.184%
8	🇺🇸 Bitcoin Standard Treasury Company CEPO.US	Company	-	30,021	-	$2,351,578,644	0.11x	0.143%
9	🇺🇸 Galaxy Digital Holdings Ltd GLXY.US	Company	-	25,723	$2,282,988,000	$2,014,911,477	6.05x	0.122%
10	🇺🇸 Bullish BLSH.US	Company	-	23,300	-	$1,825,115,166	3.72x	0.111%
11	🇺🇸 Riot Platforms RIOT.US	Company	-2,325 BTC	15,680	-	$1,228,232,009	6.04x	0.075%
12	🇺🇸 Coinbase Global COIN.US	Company	-	15,389	$1,079,153,000	$1,205,437,652	32.61x	0.073%
13	🇺🇸 Strive ASST.US	Company	+113 BTC	13,740	$1,430,056,686	$1,076,340,128	-	0.065%
14	🇺🇸 Hut 8 Mining Corp HUT.US	Company	-	13,696	-	$1,072,823,061	7.16x	0.065%
15	🇰🇵 North Korea	Government	-	13,562	-	$1,062,326,690	-	0.065%
16	🇺🇸 CleanSpark CLSK.US	Company	-	13,363	-	$1,046,738,797	3.74x	0.064%
17	🇺🇸 Tesla TSLA.US	Company	-	11,509	$386,000,000	$901,512,895	1543.55x	0.055%
18	🇧🇹 Bhutan	Government	-	10,769	-	$843,547,864	-	0.051%
19	🇺🇸 Trump Media & Technology Group Corp. DJT.US	Company	-	9,542	$1,131,024,300	$747,448,109	4.15x	0.045%
20	🇺🇸 Block XYZ.US	Company	-	8,883	$292,600,000	$695,815,366	52.52x	0.042%
21	🇨🇳 GD Culture Group GDC.US	Company	-	7,500	$841,504,760	$587,483,423	0.42x	0.036%
22	🇸🇻 El Salvador	Government	-	7,474	-	$585,475,796	-	0.036%
23	🇦🇪 United Arab Emirates	Government	-	6,333	-	$496,071,002	-	0.030%
24	🇺🇸 American Bitcoin ABTC.US	Company	-	6,235	-	$488,394,552	-	0.030%
25	🇨🇳 Next Technology Holding NXTT.US	Company	-	5,833	$183,073,667	$456,905,441	0.26x	0.028%
26	🇺🇸 ProCap BTC BRR.US	Company	-	5,457	-	$427,452,938	-	0.026%
27	🇺🇸 Nakamoto Inc (formerly KindlyMD) NAKA.US	Company	-284 BTC	5,058	-	$396,198,820	-	0.024%
28	🇺🇸 Gemini Space Station GEMI.US	Company	-	4,827	$235,186,000	$378,104,331	2.75x	0.023%
29	🇭🇰 Boyaa Interactive International Limited 434.HK	Company	-	4,091	$278,654,374	$320,452,624	-	0.019%
30	🇧🇷 OranjeBTC OBTC3.SA	Company	-	3,722	$392,283,687	$291,571,939	-	0.018%
31	🇩🇪 Bitcoin Group SE ADE.DE	Company	-	3,605	-	$282,383,698	-	0.017%
32	🇺🇸 Empery Digital EMPD.US	Company	-449 BTC	2,989	-	$234,131,727	0.81x	0.014%
33	🇫🇷 Capital B ALCPB.PA	Company	-	2,888	$309,811,186	$226,220,283	0.96x	0.014%
34	🇬🇧 The Smarter Web Company PLC SWC.AQ	Company	-	2,695	$291,770,758	$211,102,377	-	0.013%
35	🇨🇦 DeFi Technologies DEFI.NE	Company	-	2,596	-	$203,422,503	1.91x	0.012%
36	🇺🇸 DDC Enterprise Limited DDC.US	Company	-	2,383	$190,566,127	$186,663,066	0.11x	0.011%
37	🇰🇾 Microcloud Hologram HOLO.US	Company	-	2,353	$197,652,000	$184,313,132	-1.13x	0.011%
38	🇫🇷 Sequans Communications S.A. SQNS.US	Company	-	2,014	$278,360,962	$157,758,882	29.86x	0.010%
39	🇸🇬 BITFUFU FUFU.US	Company	-	1,830	-	$143,345,955	2.47x	0.009%
40	🇺🇸 Keel Infrastructure (formerly Bitfarms) KEEL.US	Company	-	1,827	-	$143,110,962	13.40x	0.009%
41	🇺🇸 Canaan CAN.US	Company	-	1,793	-	$140,447,704	33.32x	0.009%
42	🇯🇵 NEXON Co., Ltd. 3659.T	Company	-	1,717	$99,974,042	$134,494,538	-	0.008%
43	🇺🇸 Cipher Mining CIFR.US	Company	-	1,500	-	$117,496,685	62.87x	0.007%
44	🇯🇵 Anap Holdings 3189.T	Company	-	1,417	$133,622,485	$110,997,872	-	0.007%
45	🇯🇵 Remixpoint 3825.T	Company	-	1,411	$141,042,000	$110,548,582	1.64x	0.007%
46	🇳🇱 Treasury NEDSE.AS	Company	-	1,111	-	$87,025,878	-	0.005%
47	🇺🇸 KULR Technology Group KULR.US	Company	-	1,056	$106,785,454	$82,771,714	-	0.005%
48	🇸🇪 H100 Group GS9.F	Company	-	1,051	$81,081,367	$82,329,927	-	0.005%
49	🇮🇱 ZOOZ ZOOZ.TA	Company	-	1,036	$120,377,900	$81,151,043	62.27x	0.005%
50	🇨🇳 Cango CANG.US	Company	-2,000 BTC	1,025	-	$80,343,450	1.98x	0.005%
51	🇺🇸 USBC USBC.US	Company	-	1,000	-	$78,331,123	1.86x	0.005%
52	🇨🇳 Nano Labs NA.US	Company	-	1,000	-	$78,331,123	0.38x	0.005%
53	🇺🇸 Figma FIG	Company	-	842	$55,000,000	$66,001,804	-	0.004%
54	🇭🇰 Ming Shing Group MSW.US	Company	-	833	$74,345,315	$65,249,825	0.34x	0.004%
55	🇺🇸 Fold Holdings FLD.US	Company	-	827	-	$64,779,839	2.31x	0.004%
56	🇰🇾 Yueda Digital Holding YDKG.US	Company	-	819	-	$64,158,673	-	0.004%
57	🇨🇳 SOS Limited SOS.US	Company	-	802	-	$62,884,226	-	0.004%
58	🇯🇵 Convano 6574.T	Company	-	762	-	$59,741,581	5.55x	0.004%
59	🇨🇦 Bitcoin Treasury Corp BTCT.V	Company	-2 BTC	759	-	$59,477,605	-	0.004%
60	🇳🇴 Aker ASA AKER.OL	Company	-	754	$40,661,712	$59,061,667	189.14x	0.004%
61	🇨🇳 CIMG IMG.US	Company	-	730	-	$57,181,720	0.10x	0.003%
62	🇬🇧 Satsuma Technology SATS.L	Company	+25 BTC	645	$73,855,579	$50,574,490	70.21x	0.003%
63	🇦🇪 Phoenix Group PLC PHX.AD	Company	-	641	-	$50,210,250	-	0.003%
64	🇺🇸 Hyperscale Data GPUS.US	Company	+11 BTC	639	-	$50,070,311	-	0.003%
65	🇺🇸 Exodus Movement EXOD.US	Company	+18 BTC	628	-	$49,191,945	-	0.003%
66	🇺🇸 Core Scientific CORZ.US	Company	-	613	-	$48,016,978	149.38x	0.003%
67	🇧🇷 Méliuz CASH3.SA	Company	-	604	$62,478,385	$47,366,047	-	0.003%
68	🇦🇷 MercadoLibre MELI.BA	Company	-	570	$22,000,000	$44,680,073	-	0.003%
69	🇰🇷 Bitmax Co 377030.KQ	Company	-	551	$56,784,205	$43,176,757	-	0.003%
70	🇺🇸 Alliance Resource Partners, L.P. ARLP.US	Company	-	541	$24,496,000	$42,407,687	85.08x	0.003%
71	🇲🇹 Samara Asset Group SRAG.DU	Company	-	540	-	$42,298,806	6.73x	0.003%
72	🇺🇸 Figure Technology Solutions FIGR	Company	-	527	-	$41,280,502	-	0.003%
73	🇰🇾 Prenetics PRE.US	Company	-	510	$54,369,635	$39,951,544	-	0.002%
74	🇦🇺 DigitalX DCC.AX	Company	-	503	-	$39,416,221	-	0.002%
75	🇨🇦 HIVE Digital Technologies HIVE.US	Company	-	481	-	$37,677,270	17.83x	0.002%
76	🇩🇪 3U Holding AG UUU.DE	Company	-	427	-	$33,455,223	-	0.002%
77	🇨🇦 Neptune Digital Assets NDA.V	Company	-	417	-	$32,664,078	2.85x	0.002%
78	🇺🇸 Virtu Financial VIRT.US	Company	-	410	$38,199,275	$32,115,760	463.88x	0.002%
79	🇨🇦 DMG Blockchain Solutions DMGI.V	Company	-12 BTC	398	-	$31,175,787	1.75x	0.002%
80	🇺🇸 LM Funding America LMFA.US	Company	-	356	-	$27,909,379	0.35x	0.002%
81	🇹🇷 Net Holding A.S. NTHOL.E.IS	Company	-	352	-	$27,572,555	-	0.002%
82	🇺🇸 Consensus Mining & Seigniorage	Company	-	346	$16,838,809	$27,102,569	-	0.002%
83	🇨🇳 POP Culture Group Co. Ltd. CPOP.US	Company	-	300	$33,000,000	$23,499,337	1.45x	0.001%
84	🇰🇷 Bitplanet Co 049470.KQ	Company	-	300	$31,618,418	$23,499,337	-	0.001%
85	🇯🇵 S-Science Company 5721.T	Company	-	296	$34,000,000	$23,204,861	-	0.001%
86	🇨🇳 The9 Limited NTCY.US	Company	-	285	-	$22,324,370	-	0.001%
87	🇨🇦 LQWD Technologies Corp. LQWD.V	Company	-	252	$19,535,800	$19,778,609	-	0.001%
88	🇬🇧 Phoenix Digital Assets PNIX.AQ	Company	-	247	-	$19,347,787	-	0.001%
89	🇻🇪 Venezuela	Government	-	240	-	$18,799,470	-	0.001%
90	🇯🇪 Coinshares International Limited CS.ST	Company	-	236	-	$18,486,145	260.58x	0.001%
91	🇰🇷 WEMADE 112040.KQ	Company	-	223	$20,952,857	$17,467,840	24.67x	0.001%
92	🇪🇸 Vanadi Coffee, SA VANA.MC	Company	-	213	$21,203,627	$16,684,529	-	0.001%
93	🇨🇦 Rumble RUM.US	Company	-	210	-	$16,512,201	-	0.001%
94	🇰🇷 Parataxis Korea 288330.KQ	Company	-	200	-	$15,666,225	-	0.001%
95	🇺🇸 BitMine Immersion BMNR.US	Company	+2 BTC	198	-	$15,509,562	0.86x	0.001%
96	🇬🇮 Coinsilium COIN.AQ	Company	-	182	$19,143,128	$14,256,264	-	0.001%
97	🇨🇦 Matador Technologies MATA.V	Company	-	175	-	$13,707,947	-	0.001%
98	🇸🇪 Bitcoin Treasury Capital BTC-B.SE	Company	+1 BTC	167	$20,469,804	$13,107,147	-	0.001%
99	🇹🇭 The Brooker Group BTC.BK	Company	-	164	-	$12,901,136	1.68x	0.001%
100	🇺🇸 FRMO Corp. FRMO.US	Company	-	159	$3,997,299	$12,462,482	-	0.001%
101	🇬🇧 B HODL HODL.AQ	Company	-	158	$17,700,339	$12,392,845	-	0.001%
102	🇸🇬 Genius Group GNS.US	Company	-	154	-	$12,062,993	5.03x	0.001%
103	🇨🇦 Sixty-Six Capital SIX.CN	Company	-	148	-	$11,655,671	0.88x	0.001%
104	🇳🇴 K33 AB K33.ST	Company	-	141	$16,528,580	$11,044,688	-	0.001%
105	🇵🇱 BTCS S.A. BTF.WA	Company	-	137	$15,432,238	$10,783,995	-	0.001%
106	🇬🇧 Vaultz Capital V3TC.AQ	Company	-	135	$10,133,892	$10,574,702	-	0.001%
107	🇺🇸 Horizon Kinetics Holding Corp HKHC.US	Company	-	131	$1,702,000	$10,261,377	-	0.001%
108	🇰🇷 Neowiz holdings 042420.KQ	Company	-	123	$7,088,982	$9,634,728	-	0.001%
109	🇺🇸 DigiPowerX DGX.V	Company	-	112	-	$8,773,086	-	0.001%
110	🇺🇸 Bitcoin Depot BTM.US	Company	-	100	-	$7,833,112	11.72x	0.000%
111	🇨🇦 BIGG Digital Assets BIGG.V	Company	-	100	-	$7,833,112	-	0.000%
112	🇫🇮 Finland	Government	-	90	-	$7,049,801	-	0.000%
113	🇸🇬 Lion Group Holding LGHL.US	Company	-	88	-	$6,931,521	977.98x	0.000%
114	🇺🇸 K Wave Media KWM.US	Company	-	88	-	$6,893,139	3.49x	0.000%
115	🇬🇧 London Bitcoin Company (formerly Vinanz) BTC.L	Company	-	85	$8,866,709	$6,734,127	-	0.000%
116	🇨🇦 Belgravia Hartford Capital BLGV.CN	Company	-	83	$8,723,373	$6,511,666	0.57x	0.000%
117	🇯🇵 Gumi Inc 3903.T	Company	-	80	$6,891,692	$6,294,062	-	0.000%
118	🇭🇰 YUXING 8005.HK	Company	-	78	$6,331,072	$6,125,494	3.31x	0.000%
119	🇺🇸 Circle Internet Group CRCL.US	Company	-	74	$2,228,000	$5,796,503	-	0.000%
120	🇯🇵 SBC Medical Group Holdings SBC.US	Company	-	66	-	$5,169,854	39.92x	0.000%
121	🇩🇪 ATAI Life Sciences N.V. ATAI.US	Company	-	58	$5,000,000	$4,543,205	-	0.000%
122	🇺🇸 Texas	Government	-	57	$5,000,000	$4,501,789	-	0.000%
123	🇨🇦 Mogo MOGO.US	Company	-	50	-	$3,916,556	17.25x	0.000%
124	🇹🇭 RSXYZ PCL XYZ.BK	Company	-	50	-	$3,916,556	5.02x	0.000%
125	🇨🇳 Linekong Interactive Group Co., Ltd 8267.HK	Company	-	44	$28,054	$3,462,236	-	0.000%
126	🇨🇾 Robin Energy RBNE	Company	-	43	$5,000,000	$3,442,653	-	0.000%
127	🇭🇰 BitStrat Holdings 6113.HK	Company	-	43	$4,990,000	$3,400,354	-	0.000%
128	🇺🇸 LiveOne LVO.US	Company	-	43	$5,000,000	$3,379,988	-	0.000%
129	🇨🇦 WonderFi WNDR.TO	Company	-	39	-	$3,117,579	44.70x	0.000%
130	🇯🇵 AI Fusion Capital Group 254A.T	Company	-	37	$2,572,960	$2,958,918	-	0.000%
131	🇭🇰 AsiaStrategy SORA.US	Company	-	30	-	$2,349,934	-	0.000%
132	🇭🇰 Moon Inc 1723.HK	Company	-	29	$2,588,000	$2,309,202	-	0.000%
133	🇸🇪 Fragbite Group FRAG.ST	Company	-	28	$3,355,463	$2,262,203	-	0.000%
134	🇺🇸 Sphere 3D ANY	Company	-	22	-	$1,778,116	-	0.000%
135	🇨🇦 DevvStream DEVS	Company	-	22	-	$1,741,223	-	0.000%
136	🇲🇽 Murano MRNO	Company	-	21	-	$1,644,954	-	0.000%
137	🇻🇬 Hamak Strategy HAMA.L	Company	-	20	$2,355,935	$1,566,622	-	0.000%
138	🇳🇴 Norwegian Block Exchange NBX.OL	Company	-	19	-	$1,496,124	14.85x	0.000%
139	🇺🇸 CDT Equity CDT	Company	-	17	$2,002,506	$1,402,833	-	0.000%
140	🇯🇵 Merchant Bankers Co (MBK) 3121.T	Company	-	17	$1,932,261	$1,378,628	-	0.000%
141	🇺🇸 Abits Group ABTS	Company	-	15	-	$1,229,799	-	0.000%
142	🇺🇸 Globant GLOB	Company	-	15	$500,000	$1,174,967	-	0.000%
143	🇦🇺 Locate Technologies LOC.AX	Company	-	12	$1,446,773	$963,473	-	0.000%
144	🇯🇵 Kitabo 3409.T	Company	-	11	$1,239,837	$903,941	-	0.000%
145	🇺🇸 LIXTE Biotechnology LIXT.US	Company	-	10	-	$822,477	-	0.000%
146	🇭🇰 Walnut Capital Limited 905.HK	Company	-	10	-	$783,311	-	0.000%
147	🇺🇸 Thumzup Media TZUP.US	Company	-	9	$1,000,018	$766,313	-	0.000%
148	🇦🇺 GSTechnologies GST.L	Company	-	8	$999,618	$689,314	-	0.000%
149	🇹🇭 Jasmine International PCL JAS.BK	Company	-	8	-	$678,348	479.56x	0.000%
150	🇨🇦 Cathedra Bitcoin CBIT.V	Company	-	7	-	$592,967	15.43x	0.000%
151	🇺🇸 Where Food Comes From WFCF	Company	-	7	$178,000	$548,935	-	0.000%
152	🇯🇵 Quantum Solutions 2338.T	Company	-	5	$458,358	$397,139	-	0.000%
153	🇺🇸 OneMedNet Corporation ONMD	Company	-	5	$584,000	$391,656	-	0.000%
154	🇬🇧 Tap Global TAP.AQ	Company	-	5	-	$391,656	-	0.000%
155	🇳🇴 Green Minerals AS GEM.OL	Company	-	4	$416,785	$313,324	-	0.000%
156	🇺🇸 TeraWulf WULF.US	Company	-	4	-	$313,324	-	0.000%
157	🇨🇦 Banxa Holdings BNXA.V	Company	-	4	-	$313,324	183.24x	0.000%
158	🇺🇸 Bit Digital BTBT.US	Company	-	3	$348,410	$313,324	-	0.000%
159	🇦🇺 333D T3D.AX	Company	-	2	$241,114	$158,096	-	0.000%
160	🇺🇸 GameStop Corp. GME.US	Company	-	1	-	$78,331	85285.18x	0.000%
161	🇺🇸 Phunware PHUN	Company	-	0	-	$64,232	-	0.000%
162	🇺🇸 Roswell, New Mexico	Government	-	0	$2,906	$2,742	-	0.000%
163	🇺🇸 Semler Scientific (acquired by Strive) SMLR.US	Company	-	0	-	-	-	-
164	🇸🇬 Bitdeer Technologies Group BTDR.US	Company	-	0	-	-	-	-
165	🇧🇬 Bulgaria	Government	-	0	-	-	-	-
166	🇩🇪 Germany	Government	-	0	-	-	-	-
167	🇯🇵 Gyet Co. 7603.T	Company	-124 BTC	0	-	-	-	-

Frequently Asked Questions Show

About Bitcoin Treasuries

Bitcoin treasuries are reserves of Bitcoin held by publicly traded companies or governments as part of their financial strategy. Rather than holding only cash or bonds, these institutions allocate a portion of their balance sheets to Bitcoin — typically to hedge against inflation, diversify assets, or gain exposure to Bitcoin's long-term appreciation potential. Bitcoin held this way appears as an asset on the organization's official financial statements.

Why are companies adding Bitcoin to their balance sheets?

Companies adopt Bitcoin treasury strategies for several reasons. Bitcoin's fixed supply of 21 million coins makes it a hedge against inflation and currency debasement — particularly appealing after trillions of dollars in global monetary stimulus were issued during COVID-19. Companies also hold Bitcoin for its potential returns, to diversify reserves, and to attract investors seeking exposure to Bitcoin through publicly listed stocks.

Which company holds the most Bitcoin?

Strategy (formerly MicroStrategy) is the largest corporate Bitcoin holder in the world. Founded by Michael Saylor, Strategy pioneered the corporate Bitcoin treasury model in August 2020, when it made its first Bitcoin purchase to protect its balance sheet against inflation and currency debasement. Since then, it has continuously grown its holdings using a combination of cash reserves, convertible bonds, high-yield debt, ATM equity offerings, and convertible preferred shares.

Which government holds the most Bitcoin?

The United States government is the world's largest sovereign Bitcoin holder. Most of its holdings were acquired through law enforcement seizures and asset forfeitures tied to criminal investigations — most notably from darknet markets and cybercrime cases — rather than through deliberate open-market purchases like corporate treasury companies do.

What are the risks of holding Bitcoin in a corporate treasury?

The main risks include Bitcoin's price volatility (which can swing 20–50% in a matter of months and directly impacts the company's balance sheet), regulatory uncertainty across different jurisdictions, custody and security risks, auditing difficulties, and capital erosion if Bitcoin prices fall significantly below the company's average purchase price.