In This Post Today, I’m going to focus on the top publicly traded companies owning over 1,000 Bitcoins.
These market participants have either significantly spent on Bitcoins directly, mined for them, or purchased them through other means, indicating that they trust the crypto asset’s potential value in the future.
From MicroStrategy’s enormous treasury holdings to mining behemoths like Marathon and Riot, these companies are ushering in institutional Bitcoin investment.
Key Points & Best Public Companies Holding Over 1,000 Bitcoins List
| Company | Key Strategy / Involvement |
|---|---|
| MicroStrategy Inc. | Aggressively accumulates Bitcoin as a treasury reserve asset; Bitcoin-centric business model. |
| Marathon Digital Holdings | Focuses on large-scale Bitcoin mining; aims to be one of the most efficient miners in North America. |
| Galaxy Digital Holdings | Diversified financial services in crypto; active in trading, asset management, and mining. |
| Tesla, Inc. | Holds Bitcoin on its balance sheet; previously accepted Bitcoin as payment (later retracted). |
| Coinbase Global, Inc. | Major cryptocurrency exchange; provides infrastructure for crypto trading and custody. |
| Hut 8 Mining Corp | Canadian crypto mining company; also offers high-performance computing infrastructure. |
| Riot Platforms, Inc. | Operates large-scale Bitcoin mining facilities in the U.S.; aims for low-cost production. |
| Block, Inc. (formerly Square) | Integrates Bitcoin into financial services; supports BTC transactions through Cash App. |
| CleanSpark Inc. | Focused on sustainable Bitcoin mining using renewable energy sources and strategic acquisitions. |
9 Best Public Companies Holding Over 1,000 Bitcoins
1.MicroStrategy Inc. (Strategy)
As of 2025, MicroStrategy Inc. is the largest publicly-held corporate holder of Bitcoin with over 1,000 BTC in its treasury and is projected to hold over 400,000 BTC by 2025. Saylor Michael, the executive chairman, continues to steer the company in a singular direction.
MicroStrategy now refers to its stockpiles of Bitcoin as ‘treasury reserve assets’ because, from their perspective, storing them is more beneficial than cash in the long-run.
The Company tries to position itself as a public Bitcoin proxy by capitalizing through debt and equity offerings. This bold strategy allowed them to capture one of the most aggressive institutional supporter Bitcoin positions from public corporations globally.
| Feature | Details |
|---|---|
| Bitcoin Holdings | Over 400,000 BTC, largest corporate holder |
| Strategy | Uses Bitcoin as primary treasury reserve asset |
| Leadership | Michael Saylor, strong Bitcoin advocate |
| Capital Raising | Issues debt/equity to buy more Bitcoin |
| Market Position | Acts as Bitcoin proxy for investors on public markets |
2.Marathon Digital Holdings
As of early 2025, Marathon Digital Holdings is the “second largest public company holding Bitcoin” with almost 46,265 BTC in their corporate treasury.
The Nevada-based miner is monetarily aggressive, both strategically purchasing Bitcoin (including $249 Million of BTC in August 2024 and approximately 11,774 BTC for around $1.1 Billion in late 2024) and mining it (~~950 BTC in May alone)—which earns them the title of the leading miner in the state.
Marathon estimates their BTC stash at around $4 Billion, using these expenditures as underpin for their convertible debt offerings. Through vertically-integrated mining, Marathon replicates MicroStrategy’s business model alongside the “public Bitcoin ecosystem” while simultaneously accumulating treasury.
| Feature | Details |
|---|---|
| Bitcoin Holdings | ~46,255 BTC |
| Business Model | Large-scale Bitcoin mining in North America |
| Capital Raising | Convertible debt offerings to fund Bitcoin purchases |
| Recent Purchases | Significant BTC purchases in late 2024 |
| Operational Focus | Efficiency and scaling mining operations |
3.Galaxy Digital Holdings
Galaxy Digital Holdings is at the forefront as a publicly listed crypto merchant bank, boasting a crypto reserve of over 8,100 BTC (~US\$775 million) Feb 2025.
The firm is headed by Michael Novogratz, whose bitcoin treasury accumulation is high, blending with crypto trading, asset management, mining, and advisory services.
With Galaxy’s acquisition of Argo’s Helios bitcoin mining operation and the Invesco Galaxy Bitcoin ETF, the company took a step further toward its comprehensive investment focus on digital assets
Placing Bitcoin reserves in combination with a developed infrastructure for crypto gives Galaxy Digital an edge over other public companies with large BTC holdings.
| Feature | Details |
|---|---|
| Bitcoin Holdings | Over 8,100 BTC |
| Business Scope | Crypto merchant bank, trading, asset management, mining |
| Strategic Moves | Acquired Argo’s Helios mining operation |
| Product Launch | Invesco Galaxy Bitcoin ETF |
| Leadership | Founded by Michael Novogratz |
4.Tesla, Inc
Tesla, Inc. remains one of the few public companies holding over 1,000 BTC, as of Q4 2024, Tesla Inc. maintains a treasury of 11,509 bitcoins ( ~$1.1 billion) ) and is ranked 1st among all BTC holders.
In February 2021, Tesla bought approximately 43,000 BTC for US $1.5 billion, in mid-2022, 75% of those were sold to improve liquidity, and further purchases were halted to strengthen the remaining balance.
This drove a new FASB fair-value accounting, which noted an unrealized $600 million gain for Tesla in Q4 2024, increasing reported income for the company.
Even with its core automotive and energy business, the entity’s bitcoin assets indicate a repositioning, although tentative, shift towards viewing cryptocurrency as a treasury asset.
| Feature | Details |
|---|---|
| Bitcoin Holdings | Approx. 11,509 BTC |
| Bitcoin Transactions | Purchased ~43,000 BTC in 2021, sold ~75% in 2022 |
| Accounting Gains | Recognized $600 million unrealized gain in Q4 2024 |
| Business Focus | Automotive and energy with cautious Bitcoin adoption |
| Treasury Strategy | Holds Bitcoin as a strategic asset |
5.Coinbase Global, Inc
Coinbase Global, Inc. maintains an approximate treasury of 9,300 BTC (~US $980 million), making it one of the most publicly traded companies that hold more than 1,000 BTC.
Coinbase is the largest U.S. crypto exchange and custodian, holding more than 12% of Bitcoin available on its platform; however, most of it belongs to users, not the company.
Coinbase has retained Bitcoin on its balance sheet since its inception, utilizing it for supporting product innovation like cbBTC, its affiliated lending services.
Coinbase is differentiated from mining focused-holders, but due to its selling infrastructure, Coinbase is regarded as a key institutional Bitcoin investor.
| Feature | Details |
|---|---|
| Bitcoin Holdings | ~9,300 BTC |
| Business Model | Largest U.S. crypto exchange and custodian |
| User Bitcoin | Holds over 12% of all Bitcoin on platform (mostly user-owned) |
| Product Innovation | Products like cbBTC and crypto lending services |
| Role | Institutional Bitcoin investor and infrastructure provider |
6.Hut 8 Mining Corp
Hut 8 is a leading publicly traded company with a strategic reserve of over 10 Thousand BTC, approximately 950 million dollars. Hut 8 implements a low cost mining strategy with a cost of 24,484 dollars per BTC across its reserves.
The company recently purchased 990 BTC for a million dollars at the end of last year which totals to a Hut 8’s benchmark price of 101,710 dollars per BTC.
This reserve enables Hose’s unique financing model that allows Hut 8 to fleet upgrade and pursue capital intensive growth projects.
Aside from mining, the company is planning to build an AI data center in Louisiana that will facilitate the expansion into AI infrastructure.
| Feature | Details |
|---|---|
| Bitcoin Holdings | ~10,171 BTC |
| Mining Strategy | Low-cost Bitcoin mining, average cost ~$24,484 per BTC |
| Recent Purchases | $100M purchase of 990 BTC at ~$101,710 per BTC |
| Growth Focus | Expanding mining fleet and AI infrastructure |
| Market Value | BTC reserve valued over $1 billion |
7.Riot Platforms, Inc
Riot Platforms, Inc. is among the largest publicly traded Bitcoin companies and miners, currently possessing more than 1,000 BTC. As of January 2025, Riot’s Bitcoin holdings had increased to roughly 18,221 BTC, worth nearly $1.8 billion.
Approximately 4,784 BTC purchased in 2024 for $579 million at an average price of $101,135 per BTC significantly increased Riot’s holdings due to strategic acquisitions. Riot also recently built the Corsicana Facility to expand their infrastructure in Texas mining 400 MW.
The company also issued convertible senior notes of over $594 million which enhanced their Bitcoin holdings and operational capacity.
It is evident that Riot is focusing on stockpiling mined Bitcoin which is why Riot and many experts consider them a major force in the crypto industry along with a solid financial position and long-term value proposition for shareholders.
| Feature | Details |
|---|---|
| Bitcoin Holdings | ~18,221 BTC |
| Recent Acquisitions | Purchased 5,784 BTC for $579M |
| Mining Capacity | 400 MW Corsicana facility in Texas |
| Fundraising | Raised $594M via convertible senior notes |
| Strategy | Focus on holding mined Bitcoin long-term |
8.Block, Inc. (formerly Square)
Block, Inc. (formerly Square) is a significant publicly traded company that holds over an estimated 1,000 BTC. As of September 30, 2024, Block is estimated to hold around 8,363 BTC, purportedly worth approximately $814 million.
This places Block in the list of top public corporate holders of Bitcoin. The first investment into Bitcoin was in October 2020 when Block bought 4,709 BTC for $50 million which was about 1% of its total assets at that time.
In February 2021, Block bought an additional 3,318 BTC for $170 million. Bock’s total Btc holdings after this addition $8027 BTC. By December 31, 2024, Block’s holdings had risen to $8485 BTC. Blocks commitment towards Bitcoin is also demonstrated through by its operational policies
In April 2024 it stated that starting this month, it will invest 10% of gross profit from its Bitcoin related products into Bitcoin every month. This policy reaffirms Blocks commitment towards Bitcoin as a vital pillar of his business model.
| Feature | Details |
|---|---|
| Bitcoin Holdings | ~8,363 BTC |
| Initial BTC Purchase | 4,709 BTC for $50M in Oct 2020 |
| Additional Purchase | 3,318 BTC for $170M in Feb 2021 |
| Business Integration | Uses 10% of Bitcoin product gross profits to buy BTC monthly |
| Commitment | Long-term Bitcoin integration into business model |
9.CleanSpark Inc
CleanSpark Inc. (NASDAQ: CLSK) is an active publicly traded Bitcoin mining company that possesses more than 1,000 BTC. CleanSpark’s Bitcoin treasure as of February 28,2025 is 11,177 BTC which is an increase of almost 6 percent relative to the previous month.
Furthermore, all these holdings were self-mined in the USA, which is a positive sign towards their efforts for sustainable operations. In 2024, CleanSpark mined 7,024 BTC which is a positive indicator towards its increased efficiency and expansion in mining operations.
As of the end of the year, the company’s operational hashrate grew to 39.1 exahashes per second (EH/s) and fleet productivity increased 33.3% YoY. CleanSpark’s focus on Bitcoin mining further bolstered the company’s operational discipline and capital efficiency, surpassing other players in the market.
Expansion in acquiring Bitcoin and high fetch added in corporate value supported by dedicated corporate strategy indicates that the company is focused on long-term return for the shareholders.
| Feature | Details |
|---|---|
| Bitcoin Holdings | ~11,177 BTC |
| Mining Volume | Mined 7,024 BTC in 2024 |
| Hashrate Efficiency | 39.1 EH/s, 33.3% improvement YoY |
| Strategy | Sustainable, U.S.-based Bitcoin mining |
| Growth | Expanding fleet and capital management |
Conclusion
In conclusion The public firms with an asset portfolio exceeding 1 000 bitcoins held are the most diverse by far from MicroStrategy with their treasury reserve policy to Marathon and Riot with their supremacy in bitcoin mining and even Coinbase with their exchange infrastructure serving as Coinbase’s core business.
Tesla and Block apply Bitcoin in a nontraditional way, while Hut 8, Galaxy Digital, and CleanSpark focus on sustainable growth in the eco-friendly sector of bitcoin mining.
All of them represent tremendous institutional confidence and long-term belief in Bitcoin’s value and ecosystem.
