Here Are the Public Companies That Hold the Most Bitcoin

A lot of corporations have began to think about the thought of holding Bitcoin on their stability sheets for quite a lot of causes. Some have cited inflation as their motive. Others have discovered it as a technique to maintain an asset that is still liquid but in addition generates a return. And some simply need to assist Bitcoin and its means to present financial empowerment to people. 

These are the largest publicly traded corporations that personal Bitcoin.


Perhaps the greatest Bitcoin bull of all of them is MicroStrategy (MSTR) and its CEO, Michael Saylor. Saylor has been extraordinarily vocal about Bitcoin on his Twitter account. The enterprise intelligence firm even has a complete section of its web site devoted to Bitcoin.

In early August of 2020, MicroStrategy purchased its first Bitcoin for $250 million. Since then, the firm has continued to accumulate increasingly of the digital asset in various portions.  

The aim behind the firm’s buy is to maximise long-term worth for its shareholders. 

“Our funding in Bitcoin is a part of our new capital allocation technique, which seeks to maximise long-term worth for our shareholders,” mentioned Michael J. Saylor, CEO, MicroStrategy Incorporated. “This funding displays our perception that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a reliable retailer of worth and a sexy funding asset with extra long-term appreciation potential than holding money.”


In late December of 2020, Tesla (TSLA) introduced that it had up to date its funding coverage to supply the firm with extra flexibility and variety, permitting them to put money into digital property like Bitcoin. 

After its coverage change, the firm invested $1.5 billion into Bitcoin and mentioned it’d purchase extra and maintain the asset on occasion and even long-term. Elon Musk has additionally been extremely vocal and optimistic about cryptocurrencies on his Twitter account.

Tesla’s current earnings report revealed that the firm had truly bought 10% of its Bitcoin holdings, making a stir on social media with some saying the firm helped to pump Bitcoin solely to promote some.

While Tesla did promote a few of its Bitcoin, its reasoning for the transfer appears to be like to have been as a check of the cryptocurrency’s liquidity. The firm nonetheless holds over 43,000 Bitcoin. 


In October of 2020, Square (SQ) announced that it might buy $50 million value of Bitcoin value roughly 4,709 Bitcoins at the time of buy. This implies that the worth spent per Bitcoin was simply over $10,600 after they made the funding in October. 

Square has been concerned in the cryptocurrency area since 2018, when it started permitting customers of CashApp to purchase, promote and maintain Bitcoin and different cryptos. Square’s founder and likewise the creator of Twitter, Jack Dorsey, can also be a identified Bitcoiner. Dorsey made a transfer to create Square Crypto, an impartial crew that contributes to Bitcoin’s open-source code to additional the protocol. 

Square furthered its dedication to Bitcoin by creating the Cryptocurrency Open Patent Alliance, a non-profit that seeks to push crypto innovation and assist to keep up open entry to crypto-related innovations and software program. 

The announcement mentioned that the firm believes Bitcoin to be a software of particular person empowerment that may profit the higher good. 

“We view bitcoin as an instrument of worldwide financial empowerment; it’s a manner for people round the world to take part in a world financial system and safe their very own monetary future. This funding is a crucial step in furthering our mission.”  

Marathon Digital Holdings

Marathon Digital Holdings (MARA) is a Bitcoin mining firm. Over time the firm has slowly amassed a portfolio of over 5,000 Bitcoin. The firm’s site says that it goals to construct the largest mining operation in North America at one in every of the lowest vitality prices. 

According to its web site, the firm produces simply over 55 Bitcoin a day with its over 103,000 miners and makes up 6.2% of Bitcoin’s world hash price. The price of operating its operation is sort of $5,000 a day. 

The firm additionally purchased $150 million value of Bitcoin in January to raised its long-term funding technique. 

“We…consider that holding a part of our treasury reserves in bitcoin will probably be a greater long-term technique than holding US {dollars}, much like different forward-thinking corporations like Microstrategy,” mentioned Marathon’s CEO, Merrick Okamoto.


One of the largest cryptocurrency exchanges in the world and the first to go public in the United States, Coinbase (COIN) represents a brand new degree of maturity for the asset class and its surrounding business. 

Coinbase’s public itemizing occurred on April 14th of this yr. In the strategy of changing into public, the firm’s cryptocurrency holdings had been made public. Coinbase at the moment holds 4,487 Bitcoin, which confused many, as it’s the most outstanding crypto alternate in the US, but it holds lower than non-crypto-related corporations on this record. 

The Coinbase website boasts 56 million verified customers, $335 million in quarterly commerce quantity and $223 billion of property on the platform. The firm has made no public statements on whether or not they are going to proceed to carry Bitcoin or purchase extra in the future. 

Don’t miss out on how sensible cash is taking part in the crypto recreation. Find out how hedge funds, household workplaces and wall road gamers are positioning themselves for the rising crypto-economy in our premium e-newsletter – The Crypto Investor.

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About the Author: Daniel