Bitcoin Corporate TreasuriesBeta
Track and analyze Bitcoin holdings of public and private companies worldwide. Make data-driven insights through understanding corporate Bitcoin adoption trends.
Corporate Bitcoin Holdings
| # | Company | Bitcoin Holdings | % of BTC | Cost Basis | Current Value | Gain / Loss |
|---|---|---|---|---|---|---|
| 1 |  Microstrategy, Inc. MSTR • United States | 528,185 BTC | 2.52% | $35.63B | $21.02B | -$14.61B (-41%) |
| 2 |  MARA Holdings, Inc. MARA • United States | 46,374 BTC | 0.22% | Unknown | $1.85B | Unknown |
| 3 |  Riot Platforms, Inc. RIOT • United States | 18,692 BTC | 0.09% | Unknown | $743.9M | Unknown |
| 4 |  Tesla, Inc. TSLA • United States | 11,509 BTC | 0.05% | $386.0M | $458.1M | +$72.1M (+18.7%) |
| 5 |  CleanSpark, Inc. CLSK • United States | 11,177 BTC | 0.05% | Unknown | $444.8M | Unknown |
| 6 |  Hut 8 Mining Corp HUT • Canada | 10,273 BTC | 0.05% | Unknown | $408.9M | Unknown |
| 7 |  Coinbase Global, Inc. COIN • United States | 9,480 BTC | 0.05% | $117.0M | $377.3M | +$260.3M (+222.5%) |
| 8 |  Block, Inc. XYZ • United States | 8,485 BTC | 0.04% | Unknown | $337.7M | Unknown |
| 10 |  Metaplanet Inc. 3350.T • Japan | 4,046 BTC | 0.02% | $350.7M | $161.0M | -$189.7M (-54.1%) |
| 9 |  Bitcoin Group SE ADE.DE • Germany | 3,605 BTC | 0.02% | Unknown | $143.5M | Unknown |
Bitcoin TreasuryTrends & Analysis
Historical Growth
Corporate Bitcoin holdings have grown significantly since 2020, with the total value increasing from just $32 million to over $57 billion today. This growth has been driven by both more companies acquiring Bitcoin and the appreciation of Bitcoin's price over time.
Geographic Distribution
North American companies dominate corporate Bitcoin holdings, with U.S. firms accounting for over 80% of the total. European and Asian companies have been slower to adopt Bitcoin as a treasury asset, though interest is growing in these regions as regulatory clarity improves.
Supply Percentage
Corporate adoption provides institutional legitimacy to Bitcoin, potentially attracting more traditional investors and reducing market volatility over time.
Approximately 3.17% of Bitcoin's total supply is currently held by corporations as treasury assets.
UnderstandingCorporate Bitcoin Holdings
Why Companies Hold Bitcoin
Companies are adding Bitcoin to their balance sheets for strategic reasons, creating a new trend in corporate treasury management.
- Inflation HedgeProtection against currency devaluation and monetary expansion
- Portfolio DiversificationAlternative to traditional treasury assets
- Strategic GrowthLong-term investment with appreciation potential
- Operational IntegrationAlignment with business models in crypto space
Acquisition Methods
Companies acquire Bitcoin through various methods, each with different implications for their balance sheets.
- Direct PurchaseVia exchanges or OTC trading desks
- Mining OperationsSelf-generated through mining activities
- Payment AcceptanceReceiving and holding Bitcoin as payment
- Strategic AcquisitionsAcquiring entities that hold Bitcoin
Regulatory Considerations
Companies holding Bitcoin must navigate various regulatory frameworks that impact reporting and compliance.
- Accounting StandardsIntangible asset treatment with impairment testing
- Disclosure RequirementsFinancial statement reporting obligations
- Tax ImplicationsCapital gains and cost basis considerations
- Custody SolutionsSecure storage and access control protocols
Corporate Adoption Insights
Strategic Reserve Asset
Companies are increasingly viewing Bitcoin as a strategic reserve asset to hedge against inflation and currency devaluation, diversifying their treasury holdings beyond traditional assets.
Acquisition Strategies
Most corporations acquire Bitcoin through direct purchases on exchanges, while some mining companies generate their holdings through mining operations.
Reporting Transparency
Public companies must disclose their Bitcoin holdings in financial statements, providing transparency for investors.
Market Impact Analysis
Supply Reduction
Corporate Bitcoin holdings effectively reduce the circulating supply, with 3.17% of the total Bitcoin supply now held in corporate treasuries.
Institutional Legitimacy
Corporate adoption provides institutional legitimacy to Bitcoin, potentially attracting more traditional investors and reducing market volatility over time.
Long-term Price Support
Most corporate holders maintain a long-term holding strategy, providing price support and reducing selling pressure during market downturns.
Frequently AskedQuestions
Approximately 3.17% of Bitcoin's total supply is currently held by corporations as treasury assets. This percentage has been steadily increasing since 2020 as more companies add Bitcoin to their balance sheets as an inflation hedge and store of value.
Corporate Bitcoin holdings impact the market in several ways:
- They reduce the circulating supply, potentially creating upward price pressure.
- They provide institutional legitimacy, attracting more traditional investors.
- Corporate holders typically maintain long-term positions, reducing selling pressure during market downturns and contributing to price stability.
Many corporations secure insurance coverage for their Bitcoin holdings, though coverage options and limits vary. Insurance typically covers theft, loss of private keys, and certain types of cyber attacks.
Under current accounting standards, most companies report Bitcoin as an intangible asset with indefinite life on their balance sheets. This means they record Bitcoin at cost and test for impairment regularly.
Asymmetric Treatment
If the price falls below the acquisition cost, companies must record an impairment charge, but are not allowed to mark up the value if the price increases. This asymmetric treatment has led to calls for updated accounting guidance for digital assets.
As of our latest data, MicroStrategy holds the largest corporate Bitcoin treasury with over 528,185 BTC. The company, led by Michael Saylor, has made Bitcoin acquisition its primary treasury strategy and continues to add to its holdings regularly.