Top 7 Companies Holding BTC: The largegest Corporate Treasuries

BTC on corporate balance sheets has become a growing trend, particularly as several governments across the globe ease into digital assets.

This is now a significant part of the broader market shift where BTC is being considered a store of value and a strategic asset for corporations more than ever before.

In this article, FinanceFeed looks into seven companies that hold the largest BTC reserves among public firms, each with its own reasons for stacking.

Key Takeaways

• Corporate BTC treasuries are growing quick. Companies are no longer experimenting; BTC has become a serious reserve asset.

• MicroStrategy leads by a huge margin. Its holdings dwarf every other public company, making it the benchmark for corporate adoption.

• Miners are stacking too. Marathon and Riot show how mining firms are not just producers but also long-term holders.

• Non-mining firms add diversity. platforms, payments firms, and even automakers now hold BTC as part of their strategy.

• Treasuries have real influence on the market. Large corporate stacks affect liquidity, sentiment, and how investors view BTC’s legitimacy.

Why BTC Treasuries Matter

Hedge against inflation and currency risk
Unlike fiat currencies that can be printed endlessly, BTC’s supply is capped at 21 million. For corporations, adding BTC to reserves acts as a secureguard against inflation and currency debasement, especially in times of macroeconomic uncertainty.

Strategic positioning
A BTC treasury signals to investors and the market that the company views long-term value in the asset. It reflects conviction and, in many cases, improves a company’s profile within crypto markets and beyond.

Liquidity impact
When companies lock away large amounts of BTC, those coins are effectively removed from circulation. This reduces market liquidity, which can amplify both upward and downward price moves, giving corporate holders an indirect hand in shaping BTC’s market dynamics.

Investor appeal
Holding BTC often attracts a new class of investors—from retail traders viewking exposure to BTC via equities to institutional funds looking for companies aligned with digital assets. A treasury strategy can broaden a company’s shareholder base.

The Risks of BTC Treasuries

Volatility
BTC’s price can swing 10% or more within a day. For corporations with billions in BTC, this means their balance sheets can fluctuate wildly from quarter to quarter, making earnings harder to manage and predict.

Accounting limits
Under U.S. GAAP rules, BTC is treated as an intangible asset. If the price drops, companies must report impairment losses, but if it rises, they cannot mark it back up until sold. This creates a distorted picture of the true value of their holdings.

Regulatory pressure
Governments are still deciding how BTC should be regulated. Companies face uncertainty over taxation, reporting requirements, and potential restrictions on how digital assets are used or stored. This adds compliance risk to their treasuries.

Reputation risks
BTC exposure can trigger backlash over environmental concerns tied to mining or criticism during bear markets. A BTC treasury can impact how customers, investors, and regulators view the company.

7 Companies Holding BTC Reserves

1. MicroStrategy
MicroStrategy is in a league of its own with over 629,000 BTC worth $70 billion according to . The software company turned BTC into its core treasury asset, going all-in since 2020 through a mix of cash, debt, and stock offerings.

No other company comes close in scale. It controls about 3% of the total BTC held by corporations.

MicroStrategy is the benchmark example of a corporation betting everything on BTC, and its sheer size has tied its name permanently to BTC’s story, largely driven by .

2. Mara Digital Holdings
holds roughly 52,477 BTC, the largest stash among mining companies. Its business is built around BTC, and its treasury reflects that.

By holding so much of what it produces, Mara has positioned itself not just as a miner but also as one of the largegest corporate owners of BTC. Currently, it controls about 0.25% of BTC’s total supply.

3. Riot Platforms
Riot Platforms has built up about 19,300 BTC. Like Mara, Riot is a pure BTC miner, and its treasury is a direct result of that.

Riot has leaned heavily into expanding its mining infrastructure, and those investments show up in the size of its holdings. While smaller than Mara or MicroStrategy, Riot remains a significant player, showing how miners can evolve into long-term holders at scale.

4. Metaplanet
Metaplanet, often dubbed the “MicroStrategy of Japan,” has rapidly emerged as one of Asia’s most notable corporate BTC holders. The Tokyo-listed investment firm began purchaseing BTC in 2024 as part of a strategy to hedge against Japan’s prolonged low-yield environment and a fragileening yen. The company currently holds 20,136 BTC worth over $2 billion.

5. Coinbase
Coinbase, the largest U.S. crypto platform, holds around 11,700 BTC. The company has always been pro-crypto, reflected in both its institutional business and retail platform. CEO within the next five years.

6. Tesla
Tesla’s BTC journey made headlines in 2021, and today the company still holds about 11,509 BTC.

Tesla’s purchase-in was one of the moments that pushed BTC into mainstream corporate conversations. Even though it sold part of its stack, its remaining holdings remain significant.

7. Block, Inc.
Block (formerly Square) owns 8,629 BTC. Through Cash App and other initiatives, Block has made BTC a central piece of its business model. Its treasury further reflects this commitment.

Conclusion

Corporate treasuries now account for some of the largest pools of BTC anywhere. This means BTC is no longer just an asset traded on platforms; it is a strategic reserve sitting inside boardrooms. And there is a strong chance more global companies will adopt this approach in the years ahead.

Frequently Asked Questions (FAQs)

1. What is a BTC treasury?
A BTC treasury is BTC held on a company’s balance sheet as part of its reserves, similar to cash or gold.

2. Why do companies hold BTC?
To hedge against inflation, diversify reserves, strengthen market credibility, and attract crypto-focused investors.

3. What are the risks of holding BTC in treasury?
Volatility, strict accounting rules under GAAP, uncertain regulation, and potential reputational issues.

4. Which company holds the most BTC?
MicroStrategy, with more than 629,000 BTC, far ahead of other corporate holders.

5. Does corporate BTC adoption impact the market?
Yes. Large treasuries reduce circulating supply and shape sentiment, giving corporate decisions significant weight in BTC’s price action.