Top 5 Companies with the Highest Bitcoin Holdings
Bitcoin has come a long way, attracting not just individual investors, but also major companies who see its potential as a game-changing asset. These companies are not just buying Bitcoin for investment purposes – they are actively advocating for the growth and development of the entire crypto world.
One standout supporter of Bitcoin is MicroStrategy (MSTR), a business intelligence firm led by Michael Saylor. In fact, MicroStrategy holds the largest amount of Bitcoin among publicly traded companies. They recently referred to themselves as a “Bitcoin treasury company” and announced plans to raise $42 billion in capital over the next three years, known as the “21/21 Plan.”
MicroStrategy made headlines recently by purchasing about 55,500 Bitcoin for $5.4 billion, bringing their total Bitcoin holdings to around 386,700 Bitcoin. This represents 1.2% of the total 21 million Bitcoins that will ever exist, with a current market value of approximately $37 billion.
Another notable player in the cryptocurrency space is MARA Holdings Inc. (formerly Marathon Digital Holdings), a leading cryptocurrency mining company focused on Bitcoin. MARA holds the second-largest amount of Bitcoin among publicly traded companies, with a total of 26,842 Bitcoin valued at approximately $2.51 billion in the current market.
Galaxy Digital Holdings Ltd. (TSE: GLXY) is a diversified financial services and investment management company that is actively involved in the digital asset and blockchain technology sectors. They hold 15,449 Bitcoin, worth about $1.44 billion based on current market prices, showcasing their significant presence in the crypto world.
Elon Musk, the CEO of Tesla, is famously known for his support of Bitcoin and cryptocurrencies in general. Tesla even accepts Dogecoin as a payment option for select merchandise, demonstrating Musk’s interest in expanding the utility of cryptocurrencies within his company. Tesla currently holds 11,509 Bitcoin, valued at around $1.07 billion at current market prices.
Coinbase (COIN), the largest cryptocurrency exchange in the U.S., is another key player in the crypto industry. They hold 9,183 Bitcoin, valued at approximately $857.1 million based on current market prices. Coinbase actively works with governments and regulatory bodies to ensure compliance and promote clear regulations in the evolving digital asset space.
These companies are not just investing in Bitcoin – they are actively shaping the future of cryptocurrency and blockchain technology, making a significant impact on the broader financial landscape.
