Quick Review of the Top 25 Publicly Traded Companies Holding BTC: Unlocking the Secrets of "Coin-Stock Dual Cultivation"
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Quick Review of the Top 25 Publicly Traded Companies Holding BTC: Unlocking the Secrets of "Coin-Stock Dual Cultivation"
BTC will become a "strategic reserve asset" for more listed companies to preserve shareholder value.
Navigating Web3 tides with focused insightsAuthor: Wenser
Editor: Hao Fangzhou
Bitcoin has become a new driving force behind stock price growth for public companies. MicroStrategy led the way with its soaring share price (https://www.odaily.news/newsflash/395280), delivering annual returns even surpassing BTC itself; Metaplanet followed closely, copying the playbook and pushing its stock up by as much as 480%.
On October 15, media reports (https://cointelegraph.com/news/metaplanet-stock-jumps-after-107-bitcoin-buy) indicated that Japanese-listed company Metaplanet doubled its BTC holdings this month, purchasing over 450 bitcoins in four transactions. Its single-day stock surge reached 15.7%, and its total BTC holdings now stand at 855.5 BTC. An increasing number of listed companies are treating BTC as an "anti-inflation asset" to diversify risks from currency value fluctuations.
Odaily Planet Daily provides this overview and analysis of publicly traded companies holding more than 500 BTC, for reader reference.
List of Public Companies Holding Over 500 BTC
Public companies holding over 500 BTC, by country
Detailed information is as follows:
MicroStrategy: 252,220 BTC
As Metaplanet CEO Simon Gerovich previously stated, “The company’s Bitcoin investment strategy was inspired by MicroStrategy and its Executive Chairman Michael Saylor.”
As the pioneer in strategic Bitcoin holdings, MicroStrategy began purchasing BTC in August 2020. It currently holds over 252,000 BTC, valued at $16.933 billion—ranking first among public companies. Its most recent purchase occurred on September 20, acquiring 7,420 BTC at an average price of $63,232, totaling $9.903 billion.
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Official account: @MicroStrategy
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Stock ticker: MSTR
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Current share price: $194.09
Marathon: 26,842 BTC
A veteran mining firm, Marathon began accumulating BTC at the end of December 2020, when BTC was priced at just $29,359.60. Since then, its BTC holdings have steadily increased. Its latest mining revenue report, released on October 2, showed an addition of 642 BTC at a market price of $61,286.
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Official account: @MARAHoldings
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Stock ticker: MARA
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Current share price: $18.08
Riot Platforms: 10,427 BTC
A North American Bitcoin miner, Riot began producing BTC in December 2019, when BTC was priced at $7,240. By January 2020, it held 514 BTC worth $3.75 million. Its most recent mining update, disclosed on October 3, added 408 BTC at a price of $60,808.
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Official account: @RiotPlatforms
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Stock ticker: RIOT
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Current share price: $9.08
Tesla: 9,720 BTC
The global leader in electric vehicles also maintains substantial BTC reserves. After transferring 11,500 BTC across multiple addresses on October 16, Tesla still holds 9,720 BTC, valued at $654 million.
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Official account: @Tesla
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Stock ticker: TSLA
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Current share price: $221.33
Coinbase: 9,480 BTC
As the first U.S.-listed cryptocurrency exchange, Coinbase holds a significant amount of BTC. Notably, its entire BTC portfolio cost only $117 million but is now worth $636 million. Additionally, Coinbase’s wrapped custodial token cbBTC has grown rapidly since launch. According to Dune data, its circulating supply has reached 6,515 BTC, valued at $438 million.
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Official account: @coinbase
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Stock ticker: COIN
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Current share price: $210.48
Hut 8: 9,106 BTC
Hut 8, founded in 2011 and headquartered in Toronto, Canada, began accumulating BTC as early as December 2017, when BTC was priced at $14,229.50. Its most recent holding update occurred on September 30.
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Official account: @Hut8Corp
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Stock ticker: HUT
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Current share price: $12.90
Block: 8,211 BTC
Formerly Square, Inc., Block, Inc. officially rebranded in December 2021. Founded in 2009 and based in San Francisco, California, Block is a globally recognized payments group, drawing attention due to its founder Jack Dorsey. In its Q2 shareholder letter this year, the company reported over $2.61 billion in BTC-related revenue out of a total quarterly revenue of $6.16 billion, earning its reputation as a “cash-generating machine.”
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Official account: @blocks
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Stock ticker: SQ
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Current share price: $73.53
CleanSpark: 8,049 BTC
One of the U.S.-listed Bitcoin mining firms, CleanSpark saw its stock rise 12.72% to $10.81 on October 14 after market close, then climb another 1.72% post-market to $11.00, now trading at $11.84. Formerly Stratean Inc., it rebranded to CleanSpark, Inc. in November 2016. Founded in 1987, it provides Bitcoin mining and energy technology solutions worldwide. Notably, its energy division offers microgrid and distributed energy system engineering, design software, custom hardware, open automated demand response, solar, and energy storage solutions for military, commercial, and residential clients. It also develops platforms for designing, building, operating, and managing energy assets.
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Official account: @CleanSpark_Inc
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Stock ticker: CLSK
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Current share price: $11.84
Galaxy Digital: 4,000 BTC
An asset management firm, Galaxy Digital’s BTC holdings date back to September 2022, when its share price was around CAD 5.70 and BTC traded near $20,007. After a one-time purchase of 4,000 BTC, its holdings have remained unchanged. Since then, its share price has risen 147%, while BTC has appreciated 233%.
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Official account: @galaxyhq
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Stock ticker: GLXY
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Current share price: $14.46
Bitcoin Group SE: 3,589 BTC
A German private equity and consulting firm, Bitcoin Group SE operates globally in cryptocurrency and blockchain businesses under Bitcoin.de. Founded in 2008 and headquartered in Herford, Germany, it is a subsidiary of Priority AG. It initially bought 3,768 BTC in December 2021 at an average price of $47,192, then sold 178 BTC in June 2022 at $20,109, retaining 3,589 BTC to date.
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Official website: https://bitcoingroup.com/de/
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Stock ticker: ADE
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Current share price: $58.43
HIVE Digital Technologies: 2,604 BTC
HIVE Blockchain Technologies Ltd., formerly Leeta Gold Corp., rebranded in September 2017. Founded in 1987 and headquartered in Vancouver, Canada, it operates cryptocurrency mining operations in Canada, Sweden, and Iceland, involving ETH, ETHC, and BTC. Its latest production report in September added 37 BTC at a market price of $64,041.
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Official account: @HIVEDigitalTech
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Stock ticker: HIVE
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Current share price: $3.45
Exodus Movement: 1,787 BTC
Founded in 2015, Exodus is the parent company of the popular crypto wallet Exodus. According to SEC filings, it purchased 1,787 BTC in December 2023 at an average price of $42,509 and has held them since. To date, its share price has surged 687%, while its BTC holdings have appreciated 59% in value.
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Official account: @exodus_io
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Stock ticker: EXOD
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Current share price: $18.10
NEXON: 1,717 BTC
NEXON Corporation primarily develops and provides PC and mobile online games across Japan, South Korea, China, North America, and other regions. Its classic titles include MapleStory, Dungeon & Fighter, and EA SPORTS FIFA ONLINE 4, offering around 60 online games in 190 countries/regions. Formerly NEXON Japan Corporation, it rebranded in April 2009. Founded in 1994 and headquartered in Tokyo, Japan, it purchased $100 million worth of BTC (including fees, at a BTC price of $54,992) in April 2021 at an average price of $58,226, acquiring 1,717 BTC.
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Stock ticker: 3659.T
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Current share price: $17.80
Cipher Mining: 1,512 BTC
A U.S. Bitcoin mining company, Cipher Mining’s latest move was selling 772 BTC in late September at an average price of $64,041.
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Official account: @CipherInc
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Stock ticker: CIFR
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Current share price: $5.01
Aker ASA: 1,170 BTC
A Norwegian industrial holding and financial investment firm, Aker ASA is a subsidiary of TRG Holding AS. Founded in 1841 and headquartered in Lysaker, Norway, it purchased 1,170 BTC in March 2021 at an average price of $51,313, spending $58.754 million.
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Stock ticker: AKER
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Current share price: $18.08
Bitfarms: 1,147 BTC
A Canadian Bitcoin mining company founded in 2017, Bitfarms once held 3,301 BTC in December 2021 but reduced holdings by 2,896 BTC in December 2022 and 20 BTC in March 2023. In September this year, it added 44 BTC, bringing its current holdings to 1,147 BTC.
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Official account: @Bitfarms_io
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Stock ticker: BITF
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Current share price: $1.93
Boyaa Interactive International Limited: 1,100 BTC
Boyaa Interactive is a Hong Kong-based global online gaming operator focused on developing and operating online card and board games. It announced its BTC holdings in January this year but did not provide specific sources or proof. (Odaily Planet Daily reminds readers: This information is shared for reference only and does not endorse any company or organization. Please exercise caution when selecting investment targets and safeguard your assets.)
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Official website: https://www.boyaa.com.hk/
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Stock ticker: 0434.HK
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Current share price: $0.20
Canaan: 1,057 BTC
Canaan Creative is the world’s first ASIC Bitcoin miner manufacturer and the first mining hardware maker listed on Nasdaq. It is also a well-known mining company. The current BTC holding figure was disclosed in an investor update in March this year.
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Official account: @canaanio
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Stock ticker: CAN
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Current share price: $1.00
Semler Scientific: 1,012 BTC
A prominent U.S. listed medical company, Semler Scientific develops, manufactures, and sells innovative products and services supporting early detection and treatment of chronic diseases. Its latest purchase in August added 83 BTC, valued at approximately $5 million.
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Official website: https://www.semlerscientific.com/
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Stock ticker: SMLR
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Current share price: $26.82
Fold Inc. (FTAC Emerald Acquisition Corp.): 1,000 BTC
This entity was formed in July this year through the merger of Fold, Inc.—a pioneer in Bitcoin financial services founded in 2019—and FTAC Emerald Acquisition Corp. (NASDAQ: EMLD), a SPAC. Fold has processed over $2 billion in transaction volume and distributed over $45 million in lifetime Bitcoin rewards to customers. Media reports indicate it currently holds 1,000 BTC purchased at a market price of $66,102.
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Official account: @fold_app
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Stock ticker: FLD
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Current share price: $10.84
Meitu: 940.9 BTC
While Meitu may be unfamiliar to many in the crypto space, its app “MeituPic” (MeituXiuXiu) is widely known. As a Hong Kong-listed company influenced by founder Cai Wensheng, Meitu is among BTC-holding enterprises with nearly 1,000 BTC, ranking 22nd among public firms. Founded in 2008 and headquartered in Xiamen, China, it purchased 940.9 BTC in September 2022 at an average price of $20,185, spending $49.5 million, and has held them since.
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Stock ticker: 1357.HK
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Current share price: $0.33
Metaplanet: 861.4 BTC
A Japanese-listed company primarily engaged in finance, trade, and real estate, Metaplanet has over a decade of diversified business experience. Following the approval of spot Bitcoin ETFs in the U.S., it launched its “strategic BTC holding” plan in April this year. Its latest purchase on October 16 added 5.909 BTC at an average price of $67,474, bringing its total holdings to 861.4 BTC. Notably, its share price has surged 468% to date, while BTC rose only 1% during the same period.
Moreover, if Metaplanet was inspired by MicroStrategy to begin its BTC reserve strategy, its actions have also opened new “growth pathways” for other Japanese firms. At the end of September, Japanese-listed company Remixpoint disclosed in a statement that it spent ¥750 million ($5.27 million) to purchase 64.4 BTC (¥600 million), 130.1 ETH (¥50 million), 2,260.5 SOL (¥50 million), and 12,269.9 AVAX (¥50 million). This was part of its earlier announcement to buy ¥1.5 billion worth of digital assets. In a same-day board meeting, Remixpoint decided to purchase cryptocurrencies as part of its cash management strategy. Given potential further depreciation of the yen, the company plans to invest surplus funds into digital assets to hedge against currency volatility and reduce yen exposure.
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Official account: @Metaplanet_JP
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Stock ticker: 3350.T
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Current share price: $7.50
Bit Digital: 731 BTC
Founded in 2017 and headquartered in New York, Bit Digital Inc. is a veteran U.S. Bitcoin mining firm, formerly known as Golden Bull Limited until renaming in September 2020. According to official news, it sold 307.4 BTC at a market price of $64,041 at the end of September—making it one of the few public companies to recently reduce BTC holdings. Its BTC holdings thus fell below 1,000, dropping from 1,038 BTC to 731 BTC.
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Official account: @BitDigital_BTBT
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Stock ticker: BTBT
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Current share price: $3.89
BIGG Digital Assets Inc: 575 BTC
BIGG Digital Assets Inc., a Canadian digital currency operations and investment firm, developed QLUE, a cryptocurrency tracking and analytics search engine used by law enforcement, regtech, regulators, and government agencies. Its product BitRank Verified provides risk scores for digital currencies, helping regtech, banks, ATMs, exchanges, and retailers meet compliance requirements. The company also built brokerage and trading software enabling consumers and investors to buy and sell digital currencies securely and compliantly. It purchased 575 BTC in September 2022 at an average price of $20,185 and has held them since. Its cost basis was only $10.94 million, achieving a profit increase of 353% so far.
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Stock ticker: BIGG
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Current share price: $0.11
Summary: BTC to Become a Strategic Reserve for More Public Companies to Protect Shareholder Value
By September 30, MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet, and UK football club Real Bedford FC collectively purchased about 48,836 BTC, investing an estimated $3.09 billion, now worth approximately $3.1 billion. After Bitcoin hit record highs in March this year, corporate BTC purchases accelerated sharply, reaching 32 transactions—far exceeding last year's total of 9.
Among the top 25 public companies by BTC holdings, only MicroStrategy exceeds 1% of Bitcoin’s 21 million cap, holding 1.2%; second-place Marathon holds just 0.128%.
Mining firms including Marathon and Riot make up 36% of the top 25 companies holding over 500 BTC, while others span industries such as tech, consulting, payments, exchanges, healthcare, gaming, finance, and internet.
As gold’s inflation-hedging appeal weakens, more public companies may increasingly view BTC as a strategic reserve to protect shareholder value. They may join the “BTC strategic reserve” movement, pursuing a dual path of “stocks and crypto,” leveraging digital assets like BTC to enhance their antifragility and reflexivity, thereby preserving asset value through successive monetary waves.
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