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Several companies have been building Bitcoin treasuries, viewing Bitcoin as a long-term store of value, a hedge against inflation, and a strategic asset. This trend gained significant momentum starting in 2020.
Here are some of the notable companies that hold Bitcoin in their treasury:
Public Companies with Significant Bitcoin Holdings (as of May 2025):
* MicroStrategy (now Strategy): Remains the largest corporate holder of Bitcoin, with approximately 555,450 BTC. They have made Bitcoin their primary treasury reserve asset. Their strategy is to acquire and hold Bitcoin long-term.
* Marathon Digital Holdings Inc: A Bitcoin mining company, holds a significant amount of Bitcoin accumulated through its mining operations, around 48,237 BTC.
* Riot Platforms, Inc: Another major Bitcoin mining company with a substantial Bitcoin treasury, holding approximately 19,211 BTC.
* CleanSpark Inc: A Bitcoin mining company that has also built up a considerable treasury of 11,869 BTC.
* Tesla, Inc: While they sold a portion of their holdings in the past, Tesla still holds around 11,509 BTC. Their initial investment garnered significant attention.
* Hut 8 Corp: A Bitcoin mining and infrastructure company with approximately 10,264 BTC.
* Coinbase Global, Inc.: As a leading cryptocurrency exchange, Coinbase holds Bitcoin as part of its operations and investments, with around 9,000 BTC.
* Block, Inc. (formerly Square): Founded by Jack Dorsey, a strong advocate for Bitcoin, Block holds approximately 8,485 BTC.
* Metaplanet Inc.: A Japanese company that has adopted a strategy similar to MicroStrategy, accumulating 5,555 BTC as a core treasury asset.
* Semler Scientific: A biotech company that has allocated a portion of its treasury to Bitcoin, holding around 3,467 BTC.
Key Developments:
* Strive Asset Management: Recently merged with Asset Entities to form the first publicly traded Bitcoin treasury company. This new entity aims to aggressively acquire Bitcoin and offer strategies for investors to gain Bitcoin exposure through equity without triggering immediate capital gains taxes.
* Bitcoin ETFs as an Alternative: While not direct treasury holdings, many companies and institutional investors are gaining exposure to Bitcoin through the recently approved spot Bitcoin ETFs in the United States. This offers a regulated and potentially more accessible way to invest in Bitcoin without direct custody.
Reasons for Building Bitcoin Treasuries:
* Store of Value: Companies see Bitcoin as a digital asset with the potential to hold its value over the long term, acting as a hedge against inflation and the devaluation of fiat currencies.
* Diversification: Allocating a portion of their treasury to Bitcoin can help companies diversify their asset holdings beyond traditional cash and fixed-income instruments.
* Potential for Higher Returns: Some companies believe in the long-term growth potential of Bitcoin and see it as an opportunity to enhance returns on their treasury assets.
* Alignment with Business or Industry: For companies in the cryptocurrency or related industries, holding Bitcoin can be a natural extension of their business and demonstrate their commitment to the ecosystem.
It’s important to note that the landscape of corporate Bitcoin adoption is constantly evolving, and the amounts held by these companies can change over time due to market fluctuations and further acquisitions or sales.

Video courtesy of IPO-VID In Patrick’s Opinion

Video courtesy of IPO-VID In Patrick’s Opinion