Corporations are fueling the bitcoin boom, with top 60 public companies amassing 591,368 BTC—Microstrategy dominating the list with an unrivaled 444,262 bitcoins.

Top 60 Bitcoin-Holding Corporations—The Hidden Titans Fueling the BTC Boom

Microstrategy’s executive chairman, Michael Saylor, shared a detailed list on social media platform X on Friday, revealing the top 60 publicly traded companies with the largest bitcoin holdings.

The list, compiled by Hodl15capital, shows that Microstrategy holds a commanding lead with 444,262 bitcoins. This significantly outpaces the second-largest holder, Marathon Digital, which owns 44,394 bitcoins. Other top companies include Riot Platforms (17,429 bitcoins), Hut 8 (10,096 bitcoins), and Tesla (9,720 bitcoins), reinforcing the dominance of U.S.-based firms in the space.

The aggressive BTC acquisition strategy by Microstrategy has propelled the company’s stock price by over 400% in 2024, leading to its inclusion in the Nasdaq 100 Index. To further expand its bitcoin reserves, Microstrategy plans to raise $42 billion over the next three years through debt and equity offerings. Saylor remains bullish on bitcoin’s future, predicting it could reach $13 million per coin by 2045.

Saylor’s post highlights the growing trend of corporations adding bitcoin to their portfolios. The list also shows that Coinbase holds 9,480 bitcoins, Block has 8,363 BTC, and Galaxy Digital owns 5,400. Germany’s Bitcoin Group SE holds 3,114 BTC. Asian firms include Hong Kong’s Boyaa with 3,183 bitcoins and Japan’s Metaplanet with 1,761. Smaller companies like China’s Cango (364 bitcoins) and Singapore’s Bitdeer (508 BTC) also made the list. Firms from Australia, Thailand, and Malta reflect bitcoin’s global adoption. The combined holdings of 60 companies total 591,368 bitcoins.

Governments are also increasingly accumulating bitcoin as part of their financial strategies, with El Salvador spearheading this movement by amassing around $600 million in BTC reserves since adopting bitcoin as legal tender. The U.S. is considering a strategic bitcoin reserve to strengthen economic resilience, reflecting growing interest in digital assets. According to Arkham Intelligence, the government of Bhutan currently holds nearly $1.13 billion in bitcoin. This trend highlights a shift toward diversifying reserves amid economic uncertainty and inflation.
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