As Bitcoin continues to gain mainstream acceptance, more companies are adding it to their balance sheets as a long-term store of value. From tech giants to financial institutions, these organizations see Bitcoin not just as a digital asset but as a hedge against inflation and a strategic investment for the future. In this article, we’ll look at the top 10 companies holding the most Bitcoin in their treasury as of 2025, how much they own, and why they’ve chosen to invest in the world’s leading cryptocurrency.
What Means BTC Treasury?
A Bitcoin treasury simply means the amount of Bitcoin a company or organization holds as part of its corporate reserves or balance sheet.
Just like businesses keep cash, gold, or stocks as assets, some companies choose to hold Bitcoin as part of their financial strategy. This is often done to diversify assets, protect against inflation, or benefit from Bitcoin’s long-term growth potential.
For example, companies like MicroStrategy and Tesla have purchased large amounts of Bitcoin and listed them as part of their official financial holdings. These holdings are called their Bitcoin treasury.
Top 10 Bitcoin Treasury Companies
Today, many companies hold thousands of Bitcoins in their treasuries. After Bitcoin became a global buzzword, even small or inactive companies started buying BTC and adding it to their balance sheets. In some cases, this move led to a significant rise in their stock prices — a strategy many believe is used to attract investors and boost market value.
In this article, we’ll focus on the top 10 companies that have been consistently buying and holding Bitcoin for a long time. You can also explore detailed data on all corporate Bitcoin holders on the Bitcoin Treasuries website.
1. MicroStrategy
MicroStrategy is an American business intelligence and analytics company founded in 1989 by Michael Saylor. For most of its history, it focused on developing software that helps organizations analyze data and make better decisions. However, in 2020, the company shifted its corporate strategy by adopting Bitcoin as its primary treasury reserve asset. This move was based on the belief that Bitcoin is a superior store of value compared to traditional assets like cash, which lose purchasing power over time due to inflation.
Since then, MicroStrategy has become the largest corporate holder of Bitcoin in the world, owning hundreds of thousands of BTC worth billions of dollars. The company regularly issues debt or sells stock to fund additional Bitcoin purchases, treating the cryptocurrency as both a long-term investment and a strategic hedge against currency devaluation. This bold approach has made MicroStrategy a central figure in the Bitcoin ecosystem and turned its CEO, Michael Saylor, into one of the most prominent Bitcoin advocates globally.
| Company Name | MicroStrategy |
| No of BITCOIN | 640,418 |
| Average cost of BTC | $74,014 |
| Profit / Loss | +56.80% |
2. Mara Holdings
MARA Holdings, Inc. (formerly Marathon Digital Holdings) is one of the largest Bitcoin mining companies in the world. Based in the United States, it operates large-scale mining facilities that use specialized machines (ASICs) to validate Bitcoin transactions and secure the network in exchange for newly mined BTC. The company focuses on building energy-efficient mining operations by partnering with renewable energy providers, aiming to make Bitcoin mining more sustainable and compliant with evolving environmental standards.
Unlike some miners that sell their Bitcoin immediately to cover expenses, MARA Holdings often keeps a significant portion of its mined BTC as part of its corporate treasury. This long-term holding strategy aligns the company with Bitcoin’s growth potential and positions it as both a miner and a major institutional investor in the cryptocurrency space. As Bitcoin adoption increases globally, MARA Holdings continues to expand its mining capacity, strengthen its infrastructure, and play a key role in the digital asset ecosystem.
| Company Name | Mara Holdings |
| No of BITCOIN | 53,250 |
| Average cost of BTC | NA |
| Profit / Loss | NA |
3. Twenty One Capital Corp
XXI Bitcoin Treasury, officially known as Twenty One Capital Corp. (XXI), is a financial company established to serve as a dedicated Bitcoin holding entity. Its primary purpose is to acquire and manage large amounts of Bitcoin as a treasury asset, similar to how traditional firms hold cash or gold reserves. The company operates on the belief that Bitcoin represents a revolutionary form of digital sound money with long-term value preservation potential. By focusing solely on BTC accumulation and management, XXI aims to give institutional and retail investors indirect exposure to Bitcoin through traditional equity markets.
Unlike diversified corporations that hold Bitcoin as part of a broader business model, XXI’s structure and mission revolve entirely around Bitcoin itself. This focused strategy allows it to align closely with Bitcoin’s price movements and offer transparency regarding its holdings. As one of the top corporate holders of BTC, XXI Bitcoin Treasury plays an emerging role in bridging traditional finance and digital assets, helping investors participate in Bitcoin’s growth through publicly traded shares rather than direct cryptocurrency ownership.
| Company Name | XXI |
| No of BITCOIN | 43,514 |
| Average cost of BTC | NA |
| Profit / Loss | NA |
4. Bitcoin Standard Treasury Company
Bitcoin Standard Treasury Company is a specialized firm established to hold Bitcoin as its main treasury asset. Its business model is simple: accumulate, store, and manage BTC as a long-term reserve, much like traditional companies hold gold or foreign currency. The company’s strategy reflects confidence in Bitcoin’s ability to act as a hedge against inflation and a future global store of value, making it one of the few firms entirely focused on Bitcoin holdings.
| Company Name | Bitcoin Standard Treasury Company |
| No of BITCOIN | 30,021 |
| Average cost of BTC | NA |
| Profit / Loss | NA |
5. Bullish Limited
Bullish Limited is a financial technology company that merges traditional finance with blockchain-based innovation. It operates a digital asset exchange built on advanced liquidity and trading infrastructure while maintaining significant Bitcoin reserves as part of its balance sheet. The company’s mission is to bring institutional-level reliability to crypto trading while holding Bitcoin as a strategic reserve asset that strengthens its position in the global digital economy.
| Company Name | Bullish Limited |
| No of BITCOIN | 24,300 |
| Average cost of BTC | NA |
| Profit / Loss | NA |
6. Riot Platforms, Inc.
Riot Platforms, Inc. is one of the largest Bitcoin mining companies in the United States, focusing on mining efficiency, energy optimization, and large-scale mining operations. The company mines Bitcoin using specialized ASIC hardware and retains much of its mined BTC instead of liquidating it. By doing so, Riot aligns its business success with Bitcoin’s long-term price performance and reinforces its commitment to supporting the Bitcoin network’s growth.
| Company Name | Riot Platforms, Inc |
| No of BITCOIN | 19,287 |
| Average cost of BTC | NA |
| Profit / Loss | NA |
7. Metaplanet
Metaplanet, Inc. is a Japanese investment company that gained international attention after announcing its decision to adopt Bitcoin as its primary treasury reserve asset. Inspired by MicroStrategy’s strategy, Metaplanet shifted its corporate focus toward Bitcoin accumulation to protect its balance sheet from currency depreciation. This move positioned the firm as a pioneer in Japan’s corporate Bitcoin adoption movement.
| Company Name | Metaplanet |
| No of BITCOIN | 30,823 |
| Average cost of BTC | 108,000 |
| Profit / Loss | +7.35% |
8. Trump Media & Technology
Trump Media & Technology Group Corp., the parent company of Truth Social, entered the Bitcoin space by disclosing a substantial BTC holding on its balance sheet. The company’s Bitcoin investment reflects its effort to diversify assets and engage with the growing digital economy. This decision also signaled increasing interest among non-tech firms in treating Bitcoin as a legitimate treasury reserve asset.
| Company Name | Trump Media & Technology |
| No of BITCOIN | 15,000 |
| Average cost of BTC | NA |
| Profit / Loss | NA |
9. CleanSpark
CleanSpark, Inc. is a U.S.-based Bitcoin mining and energy technology company that operates with a focus on sustainability. It runs mining facilities powered by renewable and low-carbon energy sources and holds a large portion of its mined Bitcoin as a treasury reserve. CleanSpark’s strategy combines environmental responsibility with a belief in Bitcoin’s long-term value, making it one of the greenest miners in the industry.
| Company Name | CleanSpark |
| No of BITCOIN | 13,011 |
| Average cost of BTC | NA |
| Profit / Loss | NA |
10. Coinbase Global
Coinbase Global, Inc. is one of the largest and most trusted cryptocurrency exchanges in the world, providing trading and custody services for millions of users. As a publicly traded company, Coinbase holds Bitcoin on its own balance sheet to align with its mission and demonstrate confidence in the digital assets it supports. Its BTC holdings also serve as a liquidity reserve and reinforce the company’s position as a key player in the global cryptocurrency market.
| Company Name | Coinbase |
| No of BITCOIN | 11,776 |
| Average cost of BTC | 62868 |
| Profit / Loss | +83.83% |
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Conclusion
The growing list of companies holding Bitcoin in their treasuries shows how far digital assets have come in mainstream finance. From pioneers like MicroStrategy and MARA Holdings to new players such as Metaplanet and Bullish Limited, these corporations view Bitcoin not just as an investment but as a long-term store of value and hedge against inflation. Their collective confidence highlights a major shift in how businesses manage reserves and diversify their balance sheets. As adoption continues to rise, Bitcoin’s role as a corporate treasury asset is likely to expand, bridging the gap between traditional finance and the digital economy.