Amid the surging interest in Bitcoin among institutional players, this article highlights the top 20 largest BTC holders.
Institutional interest in Bitcoin has continued to skyrocket over the years. Major corporate entities, including publicly traded firms like MicroStrategy, currently hold substantial amounts of BTC in their reserves. These companies are spread across various industries globally, with U.S. firms dominating the list.
MicroStrategy Leads Mara, Riot, and Trump Media Company
Notably, MicroStrategy, which has been renamed to Strategy, holds the first position with 607,770 Bitcoin. The company began buying Bitcoin on August 11, 2020. Notably, Strategy acquired the BTC at an average cost of $71,777, bringing the total to $43.62 billion.
Notably, Donald Trump Media & Technology Group’s (TMTG) holding of 18,430 BTC makes it the fifth-largest public holder of Bitcoin. Following the surge in Bitcoin’s price, TMTG’s Bitcoin holding is currently valued at $2.16 billion.
Middle Place
Meanwhile, Japan-based Metaplanet and U.S.-headquartered Galaxy Digital Holdings rank as the sixth and seventh-largest public holders of Bitcoin. They hold 16,352 BTC and 12,830 Bitcoins, valued at $1.92 billion and $1.5 billion, respectively.
CleanSpark, Tesla, and Hut 8 Mining are ranked in eighth, ninth, and tenth place in the publicly traded Bitcoin treasury companies leaderboard. According to the data, while CleanSpark owns 12,608 BTC ($1.48 billion), Tesla and Hut 8 hold around 11,509 BTC ($1.35 billion) and 10,273 BTC ($1.2 billion), respectively.
In the 11th and 12th places are Coinbase and Block Inc., which hold 9,267 BTC ($1.08 billion) and 8,584 BTC ($1 billion) in their treasuries, respectively.
The 13th, 14th, and 15th largest Bitcoin holders are Next Technology Holding, ProCap BTC, and Semler Scientific. Notably, these public entities have roughly 5,833 BTC, 4,932 BTC, and $4,846 BTC, valued at around $686 million, $580 million, and $570 million, respectively.
Rounding Out The Top 20
Furthermore, GameStop, which recently announced its venture into the Bitcoin market, ranks as the 16th-largest public holder of Bitcoin, with a holding of 4,710 BTC worth $554 million.
Cango Inc., Bitcoin Group, Boya Interactive International, and Microcloud Hologram dominate the bottom of the top 20 list. The data shows that they currently hold around 4,240 BTC, 3,605 BTC, 3,350 BTC, and 2,353 BTC, valued at $498 million, $424 million, $394 million, and $277 million, respectively.
It is worth noting that the list only captures the top 20 publicly traded companies holding Bitcoin. According to BitcoinTreasuries, there are over 140 public holders of Bitcoin, with combined holdings of 887,301 BTC worth roughly $104.31 billion.