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Top 10 Largest Corporate Holders of Bitcoin
Which publicly-traded companies own the most bitcoin? One company—MicroStrategy—has taken the top spot by far.
This graphic, created in partnership with Defiance ETFs, breaks down the top 10 largest corporate holders of bitcoin, showcasing the value of their cryptocurrency holdings using data from BiTBO.
MicroStrategy Dominates Bitcoin Holdings
As of November 2024, MicroStrategy held over 380,000 bitcoins, with a value of approximately $31.6 billion. In total, this represents nearly 2% of the total supply currently available.
| Company | Total Bitcoin | Estimated Value (USD) |
|---|---|---|
| MicroStrategy | 386,700 | $31.6 billion |
| Marathon Digital | 25,945 | $2.5 billion |
| Riot Platforms | 10,019 | $957 million |
| Tesla | 9,720 | $929 million |
| Hut 8 Mining | 9,109 | $870 million |
| Coinbase Global | 9,000 | $860 million |
| CleanSpark | 8,701 | $831 million |
| Block | 8,211 | $784 million |
| Galaxy Digital | 8,100 | $774 million |
| Bitcoin Group SE | 3,830 | $366 million |
Headquartered in Virginia, the intelligence software firm first began buying the cryptocurrency in 2020 and has since grown its holdings to become roughly 15 times bigger than the next highest corporate owner, Marathon Digital.
The cryptocurrency’s value has more than doubled so far in 2024, reaching a new record high of over $95k in November. MicroStrategy shares have soared over 500% in 2024 thanks to its scale of bitcoin holdings.
Other Major Holders
Tesla—which invested $1.5 billion into bitcoin in February 2021—owns the fourth largest number of bitcoins among public companies. The automaker also began accepting the cryptocurrency as payment for its vehicles around the same time.
Cryptocurrency exchange platform Coinbase Global owns the sixth largest amount, valued at just over $860 million. The cryptocurrency mining company CleanSpark took the seventh spot with $831 million worth of bitcoins.
Eight of the 10 largest corporate holders are U.S.-based companies. Canada’s Hut 8 Corp and Germany’s Bitcoin Group SE—a holding company focused on blockchain and cryptocurrencies—were the only international companies on the top list.
Investing in Crypto
Due to its substantial bitcoin holdings, some investors consider investing in MicroStrategy a proxy for investing in the cryptocurrency itself. Defiance’s MSTX, a 2x leveraged MicroStrategy ETF, offers a way for equity investors to maximize exposure to the cryptocurrency’s price movements.