Top 10 Corporate Bitcoin Holders: A Visual Overview
Who are the top dogs in the corporate world when it comes to Bitcoin holdings? MicroStrategy takes the lead by a long shot, with over 380,000 bitcoins in its possession, valued at approximately $31.6 billion. This accounts for nearly 2% of the total supply currently available.
MicroStrategy, a Virginia-based intelligence software firm, began accumulating bitcoin in 2020 and has seen its holdings grow exponentially since then. In fact, its holdings are about 15 times larger than the next biggest holder, Marathon Digital.
The value of Bitcoin has more than doubled in 2024, hitting a new all-time high of over $95k in November. Thanks to its massive Bitcoin holdings, MicroStrategy’s shares have climbed more than 500% in 2024.
Among other major holders, Tesla comes in at the fourth spot, having invested $1.5 billion in Bitcoin in February 2021. The company also started accepting Bitcoin as payment for its vehicles around the same time. Coinbase Global, a cryptocurrency exchange platform, holds the sixth largest amount of Bitcoin, valued at just over $860 million. CleanSpark, a cryptocurrency mining company, takes the seventh spot with $831 million worth of bitcoins.
Out of the top 10 corporate holders, eight are U.S.-based companies. The only international representatives on the list are Canada’s Hut 8 Corp and Germany’s Bitcoin Group SE.
For investors looking to gain exposure to Bitcoin through the stock market, investing in MicroStrategy might be a smart move. Defiance’s MSTX, a 2x leveraged MicroStrategy ETF, offers a way for equity investors to fully capitalize on the price movements of Bitcoin.
In the world of cryptocurrencies and investing, these top holders of Bitcoin are paving the way for what’s to come in the future.
