Bitcoin on the Balance Sheet: The World’s Biggest Public Companies Betting on BTC
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As of June 2025, over 61 publicly traded companies globally hold Bitcoin in their treasuries — a signal that digital assets are no longer fringe finance but a growing pillar of corporate strategy. This blog offers a global overview of these companies, their BTC holdings, and why the trend is accelerating.

🌍 Why Are Companies Holding Bitcoin?

Since 2020, publicly listed firms have increasingly turned to Bitcoin as a treasury reserve asset, citing reasons like:

  • Hedge against inflation
  • Store of value in a digitally native economy
  • Diversification from traditional cash and bonds
  • Enhancing shareholder value during crypto bull cycles

What began with MicroStrategy’s headline-making buys soon drew in mining firms, fintech players, and even non-tech sectors like healthcare and education.

📈 The Biggest Public Bitcoin Holders (As of June 2025)

Here’s a breakdown of key players:

1️⃣ MicroStrategy (NASDAQ: MSTR)

  • Industry: Business Intelligence Software
  • Holdings: 439,000 BTC (~$43–46B)
  • Notable: Largest BTC treasury globally, acquired since 2020 under Michael Saylor.

2️⃣ Marathon Digital Holdings (NASDAQ: MARA)

  • Industry: Bitcoin Mining
  • Holdings: 44,394 BTC (~$3.9B)
  • Notable: Pivoted entirely to mining and BTC accumulation.

3️⃣ Riot Platforms (NASDAQ: RIOT)

  • Industry: Bitcoin Mining
  • Holdings: 17,429 BTC (~$1.5B)
  • Notable: Texas-based mining leader.

4️⃣ Tesla (NASDAQ: TSLA)

  • Industry: Electric Vehicles & Technology
  • Holdings: 11,509 BTC (~$979M–$1.7B)
  • Notable: Bought $1.5B in 2020, retains a significant position.

5️⃣ Hut 8 Mining (NASDAQ: HUT)

  • Industry: Bitcoin Mining
  • Holdings: 10,096 BTC (~$872M)
  • Notable: Canadian mining giant.

6️⃣ Coinbase Global (NASDAQ: COIN)

  • Industry: Cryptocurrency Exchange
  • Holdings: 6,885 BTC (~$585M)

7️⃣ Metaplanet (Tokyo Stock Exchange: 3350)

  • Industry: Investment & Hospitality
  • Holdings: 4,525 BTC (~$384M)
  • Notable: Asia’s “MicroStrategy.”

8️⃣ CleanSpark (NASDAQ: CLSK)

  • Industry: Bitcoin Mining
  • Holdings: Estimated ~$878M worth in BTC
  • Notable: Sustainable Bitcoin mining leader.

9️⃣ Block (NYSE: SQ)

  • Industry: Financial Technology
  • Holdings: 8,027 BTC (~$800M)
  • Notable: Formerly Square, supports BTC via Cash App.

10️⃣ Semler Scientific (NASDAQ: SMLR)

  • Industry: Healthcare Tech
  • Holdings: 581 BTC (~$42M)
  • Notable: Adopted BTC as primary reserve in 2024.

And others:

  • Jetking Infotrain (India)
  • The Blockchain Group (France)
  • Smarter Web Company (UK)
  • Strive Asset Management (US)
  • SolarBank Corporation (Canada)

Note: Some companies have announced Bitcoin treasury strategies but haven’t disclosed specific amounts.

🌎 Global Footprint

Most corporate Bitcoin treasuries are in North America, with growing adoption in Japan, India, France, and the UK.

📊 Key Industry Insights

  • Total Corporate BTC Holdings: ~673,897 BTC (3.2% of total supply)
  • Top Sectors: Tech, Mining, Fintech, Healthcare, Renewable Energy
  • Biggest Trend Driver: Hedge against inflation and digital-native store of value

⚠️ Risks & Challenges

While the upside is clear, companies acknowledge:

  • Extreme price volatility
  • Regulatory uncertainty
  • Balance sheet risk during bear cycles

Standard Chartered warns that sharp BTC price drops could trigger liquidation pressure on corporate treasuries.

🔍 Final Thought

What began as a bold experiment by a few visionary firms is fast becoming a strategic move for companies navigating the digital economy. Bitcoin’s role on corporate balance sheets is no longer a curiosity — it’s a serious financial tool with growing global adoption.

Will your company be next?