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Bitcoin Treasury Tracker

The 50 largest public-company Bitcoin treasuries, ranked live from 181 tracked. Sort, filter, and compare.

Cited rows
46 of 50 published · 92.0%
Published
50 of 181 tracked
BTC held
1,232,146 · 5.87% of 21M
Updated
· snapshot 2026-10-26
Reconciled
· 4d · 46 corrections · 18 removals
50 public companies · 1,232,146 BTC · 5.87% of 21MSnapshot 2026-10-26
  1. 1
    MSTRFreshness: fresh, within filer cadence.2026-10-251d
    848,517 BTC
  2. 2
    Metaplanet Inc.
    MPJPYFreshness: fresh, within filer cadence.2026-09-3026d
    44,000 BTC
  3. 3
    Twenty One Capital, Inc.
    XXIFreshness: approaching the cadence threshold.2026-06-30118d
    43,514 BTC
  4. 4
    Strive
    ASSTFreshness: fresh, within filer cadence.2026-10-233d
    43,000 BTC
  5. 5
    MARA Holdings, Inc.
    MARAFreshness: approaching the cadence threshold.2026-06-30118d
    35,577 BTC
  6. 6
    Bullish
    BLSHFreshness: approaching the cadence threshold.2026-06-30118d
    21,580 BTC
  7. 7
    SpaceX
    SPCXFreshness: fresh, within filer cadence.2026-09-3026d
    18,712 BTC
  8. 8
    Coinbase Global, Inc.
    COINFreshness: approaching the cadence threshold.2026-06-30118d
    17,864 BTC
  9. 9
    Trump Media & Technology Group Corp.
    DJTFreshness: fresh, within filer cadence.2026-07-3187d
    14,139 BTC
  10. 10
    CleanSpark, Inc.
    CLSKFreshness: approaching the cadence threshold.2026-06-30118d
    12,205 BTC
  11. 11
    Tesla, Inc.
    TSLAFreshness: fresh, within filer cadence.2026-09-3026d
    11,509 BTC
  12. 12
    Riot Platforms, Inc.
    RIOTFreshness: approaching the cadence threshold.2026-06-30118d
    11,380 BTC
  13. 13
    Block, Inc.
    XYZFreshness: approaching the cadence threshold.2026-06-30118d
    9,416 BTC
  14. 14
    Hut 8 Mining Corp
    HUTFreshness: approaching the cadence threshold.2026-06-30118d
    9,314 BTC
  15. 15
    American Bitcoin Corp
    ABTCFreshness: approaching the cadence threshold.2026-06-30118d
    8,002 BTC
  16. 16
    GD Culture Group
    GDCFreshness: approaching the cadence threshold.2026-06-30118d
    7,500 BTC
  17. 17
    Galaxy Digital Holdings Ltd
    GLXYFreshness: unverified, pre-citation; vintage is the dataset ceiling.unverified — pre-citation
    6,894 BTC
  18. 18
    Next Technology Holding Inc.
    NXTTFreshness: approaching the cadence threshold.2026-06-30118d
    5,833 BTC
  19. 19
    Gemini Space Station Inc
    GEMIFreshness: approaching the cadence threshold.2026-06-30118d
    5,528 BTC
  20. 20
    Silvia, Inc.
    SVIAFreshness: past the cadence threshold, a fresher filing should exist.2026-09-2234d ⚠
    5,130 BTC
  21. 21
    Boyaa Interactive International Limited
    0434.HKFreshness: fresh, within filer cadence.2026-09-2135d
    4,468 BTC
  22. 22
    Nakamoto Inc
    NAKAFreshness: approaching the cadence threshold.2026-06-30118d
    4,467 BTC
  23. 23
    OranjeBTC
    OBTC3.SAFreshness: fresh, within filer cadence.2026-08-2364d
    3,950 BTC
  24. 24
    Bitcoin Group SE
    ADE.DEFreshness: fresh, within filer cadence.2025-12-31299d
    3,563 BTC
  25. 25
    Capital B SA
    ALCPB.PAFreshness: fresh, within filer cadence.2026-09-3026d
    3,538 BTC
  26. 26
    H100 Group AB
    H100Freshness: fresh, within filer cadence.2026-08-1077d
    3,506.4 BTC
  27. 27
    DDC Enterprise Limited
    DDCupdate pending — see latest 6-KFreshness: fresh, within filer cadence.2026-09-0254d
    2,899 BTC
  28. 28
    Ionic Digital Inc.
    IONDFreshness: approaching the cadence threshold.2026-06-30118d
    2,882 BTC
  29. 29
    The Smarter Web Company PLC
    SWC.LFreshness: fresh, within filer cadence.2026-10-233d
    2,850 BTC
  30. 30
    Canaan Inc.
    CANFreshness: fresh, within filer cadence.2026-09-3026d
    1,875 BTC
  31. 31
    Keel Infrastructure Corp.
    KEELFreshness: fresh, within filer cadence.2026-08-0780d
    1,861 BTC
  32. 32
    Remixpoint, Inc.
    3825.TFreshness: fresh, within filer cadence.2026-10-0521d
    1,508.72 BTC
  33. 33
    ANAP Holdings Inc.
    3189.TFreshness: fresh, within filer cadence.2026-08-3156d
    1,432.16 BTC
  34. 34
    BitFuFu Inc.
    FUFUFreshness: fresh, within filer cadence.2026-09-3026d
    1,388 BTC
  35. 35
    Empery Digital
    EMPDupdate pending — see latest 8-KFreshness: fresh, within filer cadence.2026-08-0681d
    1,279 BTC
  36. 36
    CIMG Inc.
    CIMGFreshness: approaching the cadence threshold.2026-06-30118d
    1,145.4 BTC
  37. 37
    Cango Inc.
    CANGFreshness: approaching the cadence threshold.2026-06-30118d
    1,056 BTC
  38. 38
    ZOOZ Strategy Ltd.
    ZOOZFreshness: fresh, within filer cadence.2026-08-2364d
    1,047 BTC
  39. 39
    Core Scientific, Inc.
    CORZFreshness: approaching the cadence threshold.2026-06-30118d
    848 BTC
  40. 40
    SOS Limited
    SOSFreshness: fresh, within filer cadence.2026-09-2432d
    802.77 BTC
  41. 41
    Aker ASA
    AKER.OLFreshness: unverified, pre-citation; vintage is the dataset ceiling.unverified — pre-citation
    754 BTC
  42. 42
    Bitcoin Treasury Corporation
    BTCT.VFreshness: fresh, within filer cadence.2026-09-3026d
    737.33 BTC
  43. 43
    Cipher Digital Inc.
    CIFRFreshness: approaching the cadence threshold.2026-06-30118d
    646 BTC
  44. 44
    Alliance Resource Partners, L.P.
    ARLPupdate pending — see latest 8-KFreshness: approaching the cadence threshold.2026-06-30118d
    645.96 BTC
  45. 45
    Méliuz S.A.
    CASH3.SAFreshness: approaching the cadence threshold.2026-06-30118d
    604.69 BTC
  46. 46
    Exodus Movement, Inc.
    EXODFreshness: approaching the cadence threshold.2026-06-30118d
    600 BTC
  47. 47
    Phoenix Group PLC
    PHX.ADFreshness: fresh, within filer cadence.2026-06-30118d
    559 BTC
  48. 48
    Bitmax Co., Ltd.
    377030.KQFreshness: fresh, within filer cadence.2026-08-1473d
    551.24 BTC
  49. 49
    Samara Asset Group
    SRAG.DUFreshness: unverified, pre-citation; vintage is the dataset ceiling.unverified — pre-citation
    540 BTC
  50. 50
    Figure Technology Solutions, Inc
    FIGRFreshness: unverified, pre-citation; vintage is the dataset ceiling.unverified — pre-citation
    527 BTC
All 50 published · 181 tracked

Reading this table

Full methodology →
Columns
#
Rank by BTC held among the published rows, recomputed on every refresh.
Company
Issuer name as it appears in its filings; the * marker opens a row footnote.
Ticker
Primary listing symbol (home exchange for non-US issuers).
BTC Held
Total Bitcoin on the company's balance sheet, per the cited filing or disclosure.
Market Cap
Basic shares outstanding multiplied by stock price, in USD.
BTC/MCap %
Value of the BTC holdings as a percentage of market cap. Above 100%, the Bitcoin alone is worth more than the equity.
% of 21M
Holdings as a percentage of Bitcoin's fixed 21 million supply.
As of
Date the cited figure is measured at, with its age in days at the current snapshot. Rows can be older than the page date. Blank rows await a per-row citation.
As-of freshness

The dot before each As-of date rates the row against its own filer-cadence threshold — the same threshold behind the amber age chip.

Legend: fresh, within filer cadence.Fresh
Within the issuer's filing cadence.
Legend: approaching the cadence threshold.Approaching
Past three-quarters of the row's cadence. A fresher filing is due soon.
Legend: past the cadence threshold, a fresher filing should exist.Past threshold
A fresher filing should exist. The row's As-of turns amber.
Legend: unverified, pre-citation; vintage is the dataset ceiling.Unverified — pre-citation
No per-row citation yet. The row shows its vintage in words: last moved on the dataset ceiling date or earlier. Uncited rows leave the public table at the sunset date stated in the methodology.
Row markers

Tap or click any marker for its detail and the link to the source.

*
Row footnote — a composition note such as a separately listed subsidiary excluded from the parent's total, a native/wrapped split, or a derived figure with its inputs.
+N
The issuer's most recent disclosed purchase, filed within the last 7 days. The figure is the filing's own, and so is the acquisition period when the filing states one; when it states none, the badge says the purchase is as disclosed on the filing date. The badge links to the filing. One filing only; filings are never summed.
issuer announcement
The figure comes from the issuer's own announcement (a press release or its own dashboard) because no filing states it yet; it is replaced automatically by the filed figure when a filing appears.
update pending
A newer filing states bitcoin figures this row doesn't reflect yet. The figure shown is the last published one; the link opens the filing.
Total BTC Held by Category
4,161,458 BTC across 6 categories
Public Companies
1,243,125 BTC · 181 entities · 5.92% of 21M
ETFs & Funds
1,495,433 BTC · 45 entities · 7.12% of 21M
Governments
649,862 BTC · 15 entities · 3.09% of 21M
Private
279,657 BTC · 71 entities · 1.33% of 21M
DeFi
379,334 BTC · 16 entities · 1.81% of 21M
Exchanges
114,047 BTC · 4 entities · 0.54% of 21M

Data as of October 26, 2026 ·

This snapshot is being verified against the latest filings. Holdings figures move only when a filing or verified disclosure moves them — each row's own vintage is shown in the table's "As of" column — and corrections are merged in live from the corrections log.

About these figures

As of October 26, 2026, this tracker follows 181 publicly traded companies holding Bitcoin on their balance sheets — 1,243,125 BTC in total, or 5.92% of the fixed 21 million supply — and publishes the 50 largest, which together hold 1,232,146 BTC (5.87% of supply). The largest holder is Strategy (MSTR) with 848,517 BTC. 46 of the 50 published rows currently carry a per-row primary-source citation — an SEC filing, home-exchange disclosure, or issuer investor-relations publication — with the remainder being backfilled, and every editorial correction is published with its filing citation.

Companies published
50 of 181 tracked
BTC held (published)
1,232,146 of 1,243,125 tracked
Of 21M supply
5.87% · 5.92% tracked
Entities tracked
332

Disclaimer: Data shown is for informational purposes only and should not be considered financial advice. Holdings data is sourced from public filings and announcements; actual holdings may differ. Market cap, stock price, and derived metrics are point-in-time and may not reflect current values. Always verify data from primary sources before making investment decisions.

Understanding Bitcoin Treasury Companies

A growing number of public companies are adopting Bitcoin as a treasury reserve strategy, adding BTC to their balance sheets alongside or in place of traditional reserves like cash, bonds, and money market funds. This trend accelerated after Strategy (MSTR) pioneered the approach in August 2020, creating an entirely new class of Bitcoin treasury companies that spans industries, countries, and market caps.

The BTC/Market Cap % metric shows what fraction of a company's equity value is backed by Bitcoin. A ratio above 100% means the Bitcoin alone is worth more than the company's market cap — the market is assigning negative value to the operating business, or equivalently, equity trades at a discount to Bitcoin NAV. Companies with high BTC/MCap ratios are more "pure play" Bitcoin exposure; those with low ratios have significant non-Bitcoin value.

Key Metrics Explained

BTC/Market Cap % measures how much of a company's equity value is backed by Bitcoin. A ratio above 100% means the Bitcoin is worth more than the entire company — equivalent to an mNAV below 1.0. Companies with high BTC/MCap ratios are more "pure play" Bitcoin exposure; those with low ratios have significant non-Bitcoin value.

% of 21M shows holdings relative to Bitcoin's fixed supply cap of 21 million. Strategy alone holds over 4.0% of all Bitcoin that will ever exist, making it the largest single corporate holder.

Explore More

How many public companies hold Bitcoin?

As of October 26, 2026, this tracker follows 181 publicly traded companies holding Bitcoin on their balance sheets and publishes the 50 largest by BTC held. Both counts are recomputed from the dataset on every refresh — the tracked count rises as new companies disclose positions and falls when issuers are acquired, merge, or are removed after their disclosures no longer support a position; the published set is re-ranked live, so companies move in and out of the table as holdings change.

How much Bitcoin do public companies own?

Public companies collectively hold 1,243,125 BTC — approximately 5.92% of Bitcoin's fixed 21 million supply, worth $100.0 billion at the snapshot price. Across all categories this tracker follows (public and private companies, governments, ETFs and funds, and DeFi protocols), 332 entities hold 4,161,458 BTC.

Which public company owns the most Bitcoin?

Strategy (MSTR) is the largest corporate Bitcoin holder with 848,517 BTC — 4.04% of all Bitcoin that will ever exist. The next largest public-company holders are Metaplanet Inc. (44,000 BTC) and Twenty One Capital, Inc. (43,514 BTC).

How is this data verified?

Verifying a row means pinning it to a primary source: an SEC filing (10-K, 10-Q, or 8-K via EDGAR), a home-exchange disclosure, or an issuer investor-relations publication. 51 of the 181 tracked rows (46 of the 50 published) currently carry that per-row citation with the filing link and its as-of date — the remainder are being backfilled — and the build refuses to publish an editor-pinned holdings value without its citation. Issuers that merge or terminate are recorded in an exclusion registry so they cannot silently re-enter the dataset. Every editorial correction — the before and after values, the reason, and the primary-source link — is published in a public reconciliation ledger.

See: Reconciliation Ledger ·Methodology

How often is this data updated?

The dataset refreshes daily at about 13:00 UTC: stock prices and share counts update on every run, and market cap is always recomputed as shares outstanding times price. Filing-driven holdings updates land as they are verified — for example, Strive's and Strategy's weekly holdings 8-Ks are watched on EDGAR every five minutes through the weekday filing window (about 12:00–18:00 UTC) and applied after passing an automated guard suite. Editorial corrections apply immediately: the table merges the latest verified corrections when the page loads, ahead of the next daily rebuild. The exact data timestamp is shown beneath the table.

What does BTC/MCap % mean?

BTC/MCap % shows the value of a company's Bitcoin holdings as a percentage of its market cap. A value above 100% means the Bitcoin alone is worth more than the company's market cap — indicating the market is assigning negative value to the operating business, or equivalently, that equity trades at a discount to Bitcoin NAV.

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True North is for informational and educational purposes only. Nothing presented should be considered investment advice or an offer of any security or investment product. Consult your own investment and tax advisors. Full disclaimer.