As Bitcoin Continues to Gain Traction Among Institutional Investors, Several Publicly Traded Companies Have Amassed Significant Holdings

As Bitcoin continues to gain traction among institutional investors, several publicly traded companies have amassed significant holdings of the cryptocurrency.

As Bitcoin continues to gain traction among institutional investors, several publicly traded companies have amassed significant holdings of the cryptocurrency.

While the price of Bitcoin (BTC) crashed to $90,000 in May 2024 after a brief surge to $100,000 in December 2024, the total crypto market cap almost doubled in 2024 as BTC surged past the $100,000 mark for the first time.

According to BitKE, the number of Bitcoin wallets holding at least $100 was also approaching record levels.

The report noted that wallet addresses with balances of $100 or more grew from 24 million in January 2024 to nearly 30 million by 2025—a 25% year-over-year increase as cited by Binance.

The development comes as more institutions appear to be investing in Bitcoin, with several companies adding the cryptocurrency to their balance sheets or accepting it as payment.

Earlier this year, Tesla CEO Elon Musk announced that the company would begin accepting Bitcoin payments for its products in response to a question from a Twitter user.

The announcement came nearly two years after Tesla sold a portion of its Bitcoin holdings in 2022.

Following the news, a user asked if Tesla would once again accept Bitcoin for its products, to which Musk replied in the affirmative.

"Yes, if there is a material net increase in hash sustainable energy used to bitcoin, and we are able to link the systems together (which we can do), then Tesla will accept bitcoin again."

Earlier in February 2021, Tesla disclosed in a filing with the Securities and Exchange Commission (SEC) that it had purchased $1.5 billion in Bitcoin.

At the time, the company’s interest in the cryptocurrency was driven by its belief in Bitcoin’s potential as an alternative payment method and its expanding role in the global financial system.

The company’s actions also sparked a broader conversation among major corporations about the integration of cryptocurrency into their operations.

Here are the top 10 public companies with the largest Bitcoin portfolios as of April 2025:

1.) Strategy Inc. (Formerly MicroStrategy Inc.)

Strategy is the largest corporate holder of Bitcoin. As of December 8 2024, the company owns 423,650 BTC, valued at approximately $42.43 billion. This aggressive accumulation strategy has positioned Strategy as a prominent player in the crypto space.

2.) Marathon Digital Holdings, Inc.

Marathon Digital Holdings, a leading Bitcoin mining company, holds 46,255 BTC as of February 2025, making it the second-largest corporate holder. The company’s substantial holdings underscore its commitment to the cryptocurrency sector.

3.) Tesla, Inc.

Tesla made headlines in early 2021 with its $1.5 billion Bitcoin purchase. Although the company sold a portion of its holdings in 2022, it still retains approximately 11,509 BTC, reflecting its continued interest in digital assets.

4.) Coinbase Global, Inc.

As a major cryptocurrency exchange, Coinbase holds 9,363 BTC in its treasury, worth around $980 million as of September 2024. The company has also introduced its own wrapped Bitcoin product, cbBTC, and resumed Bitcoin lending services.

5.) Hut 8 Mining Corp.

Canadian Bitcoin mining firm, Hut 8, holds over 9,100 BTC, valued at approximately $1 billion. The company’s significant holdings highlight its role in the North American crypto mining industry.

6.) Galaxy Digital Holdings Ltd.

Galaxy Digital, a diversified financial services firm focused on digital assets, possesses over $1.3 billion worth of Bitcoin, underscoring its substantial investment in the cryptocurrency market.

7.) Block, Inc.

Formerly known as Square, Block holds 8,363 BTC, valued at approximately $876 million as of September 2024. CEO Jack Dorsey, a vocal Bitcoin advocate, has led initiatives such as developing a Bitcoin wallet and mining ASIC chip, and enabling businesses to convert daily sales into Bitcoin via Cash App.

8.) CleanSpark Inc.

U.S.-based Bitcoin mining company CleanSpark holds 6,154 BTC, worth around $439 million as of June 2024. The firm has expanded its operations by acquiring additional mining facilities and increasing its hash rate capacity.

9.) Metaplanet Inc.

Tokyo-listed Metaplanet, often dubbed the “Asian MicroStrategy,” holds 4,525 BTC following its latest purchase in April 2025, valued at approximately $384 million. The company has aggressively increased its Bitcoin holdings and aims to reach 10,000 BTC