Michael Saylor Reveals the Top 60 Bitcoin-Holding Companies—Who’s Quietly Accumulating BTC?

Top 60 Bitcoin-Holding Corporations—The Titans Driving BTC’s Growth

On Friday, Michael Saylor, the executive chairman of Microstrategy, shared a comprehensive list on social media platform X, spotlighting the top 60 publicly traded companies with significant bitcoin holdings. Compiled by Hodl15capital, the data underscores the growing trend of corporations embracing bitcoin as part of their financial strategies.

Microstrategy’s Dominance in BTC Holdings

Leading the list, Microstrategy stands out with a massive 444,262 bitcoins in its reserves, far surpassing the second-largest holder, Marathon Digital, which owns 44,394 BTC. Other notable players include Riot Platforms (17,429 BTC), Hut 8 (10,096 BTC), and Tesla (9,720 BTC). The data highlights the dominance of U.S.-based firms in the crypto space.

Microstrategy’s aggressive bitcoin acquisition strategy has driven its stock price up by over 400% in 2024, culminating in its inclusion in the Nasdaq 100 Index. To further bolster its bitcoin reserves, the company plans to raise $42 billion over the next three years through debt and equity offerings. Saylor’s bullish outlook envisions bitcoin’s price reaching $13 million per coin by 2045.

Global Adoption Beyond the U.S.

While U.S. companies dominate the list, firms from other regions are also making their mark. Coinbase (9,480 BTC), Block (8,363 BTC), and Galaxy Digital (5,400 BTC) are key players, along with Germany’s Bitcoin Group SE (3,114 BTC). In Asia, Hong Kong’s Boyaa Interactive (3,183 BTC) and Japan’s Metaplanet (1,761 BTC) contribute to the global spread. Smaller firms like China’s Cango (364 BTC) and Singapore’s Bitdeer (508 BTC) emphasize bitcoin’s widespread adoption. Companies from Australia, Thailand, and Malta further underscore its global appeal.

The Growing Role of Governments in Bitcoin Accumulation

Corporations aren’t the only entities quietly amassing bitcoin. Governments are increasingly recognizing the value of digital assets. El Salvador has led the charge, accumulating approximately $600 million in BTC reserves since adopting bitcoin as legal tender. Other governments are following suit, with Bhutan’s holdings nearing $1.13 billion, according to Arkham Intelligence. The U.S. is also reportedly considering a strategic bitcoin reserve to enhance economic resilience.

Conclusion

The collective bitcoin holdings of the top 60 companies total an impressive 591,368 BTC, showcasing the increasing integration of cryptocurrency into corporate and government portfolios. This trend underscores a significant shift in financial strategies, driven by economic uncertainty and the promise of bitcoin as a hedge against inflation.

As bitcoin adoption accelerates globally, corporations and governments alike are positioning themselves to capitalize on its potential, with pioneers like Microstrategy leading the charge.