5 Companies That Own the Most Bitcoin

Bitcoin has become a powerful financial instrument that is attracting the attention not only of ordinary individuals, but also of large corporations. Over the years, many publicly traded companies have become enthusiastic supporters of Bitcoin, recognizing its potential as a transformative asset. These organizations are not just investors; they are active advocates for the cryptocurrency ecosystem and contribute directly or indirectly to the development and growth of the broader crypto landscape.

MicroStrategy (MSTR)

The business intelligence company MicroStrategy (MSTR) stands out as a leading advocate for Bitcoin, owning the largest number of Bitcoins among publicly traded companies.

MicroStrategy, founded by former dot-com entrepreneur Michael Saylor, has long advocated Bitcoin, which is now part of its business model. In its third-quarter earnings report, MicroStrategy called itself a “Bitcoin Treasury Company” and announced plans to raise $42 billion in capital over the next three years through a balanced mix of $21 billion in equities and $21 billion in fixed income. – an initiative the company calls its ’21/21 Plan’.

Earlier this week, the company acquired approximately 55,500 Bitcoin for $5.4 billion. This acquisition increases the company’s total holdings to approximately 386,700 Bitcoin, representing 1.2% of the 21 million Bitcoin that will ever be mined. At current market prices, this stock is valued at approximately $37 billion.

MARA holdings (MARA)

MARA Holdings Inc., formerly known as Marathon Digital Holdings (MARA), is a leading cryptocurrency mining company specialized in the creation of Bitcoin. According to data from crypto tracking platform CoinGecko, MARA holds the second largest Bitcoin reserves among listed companies, with a total of 26,842 Bitcoin. At current market prices, this amounts to an impressive $2.51 billion, underscoring MARA’s significant presence and influence in the cryptocurrency ecosystem.

Galaxy Digital Holdings (GLXY)

Galaxy Digital Holdings Ltd. (TSE: GLXY) is a diversified financial services and investment management company operating at the forefront of the digital assets, cryptocurrency and blockchain technology sectors. The company plays a crucial role in promoting the adoption and integration of blockchain-driven solutions in traditional financial markets.

According to CoinGecko, Galaxy Digital owns 15,449 Bitcoin, a substantial reserve valued at approximately $1.44 billion based on current market prices.

Tesla (TSLA)

Tesla (TSLA) CEO Elon Musk is known to be one of the most vocal advocates for Bitcoin and cryptocurrencies in general. Under his leadership, Tesla has embraced Dogecoin as a payment option for select merchandiseincluding unique items such as the Cyberquad for Kids, the Giga Texas Belt Buckle and the Cyberwhistle.

Earlier this year, Musk hinted at the possibility of expanding Dogecoin’s usefulness at Tesla by potentially accepting it as a payment method for other transactions in the future. This move underlines his continued support for Dogecoin and its growing role in the cryptocurrency ecosystem.

Tesla currently owns 11,509 Bitcoin, valued at approximately $1.07 billion based on current market prices.

Coin base (COIN)

Coinbase (COIN) is the largest cryptocurrency exchange in the United States and one of the few crypto exchanges worldwide that is publicly traded on an exchange. As a pioneer in the crypto industry, Coinbase has established itself as a leader, actively working with governments and regulators to ensure compliance and promote the development of clear regulations for the evolving digital asset space.

According to CoinGecko data, Coinbase owns 9,183 Bitcoin, which amounts to a reserve worth approximately $857.1 million based on current market prices, further cementing its position as a major stakeholder in the cryptocurrency ecosystem.

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