MicroStrategy Leads Corporate Bitcoin Holdings with $65 Billion Treasury
MicroStrategy, rebranded as Strategy, has solidified its position as the world’s leading corporate holder of Bitcoin, with a treasury valued at approximately $65 billion. The company holds 576,230 Bitcoins, representing 2.844% of the total Bitcoin supply, outpacing other major players in the growing trend of corporate cryptocurrency adoption. This milestone places Strategy as the 11th largest corporate treasury holder in the United States, a remarkable feat for a firm originally known for enterprise software. As publicly traded companies increasingly view Bitcoin as a hedge against inflation and a store of value, Strategy’s aggressive acquisition strategy continues to set the standard.
In its latest investor presentation for the STRD at-the-market equity program, Strategy compared its Bitcoin holdings to the cash reserves of corporate giants. Berkshire Hathaway leads with $410 billion in cash and equivalents, while NVIDIA, the world’s largest company by market value, holds $66 billion. Unlike these firms, Strategy’s treasury is predominantly Bitcoin, reflecting a bold departure from traditional cash-heavy balance sheets. The company reported significant progress toward its 2025 targets, achieving a 19.7% Bitcoin yield against a 25% goal and a $9.6 billion dollar gain toward a $15 billion target, alongside a $14 billion unrealized gain on digital assets in the second quarter.
Corporate Bitcoin Adoption Gains Momentum
The trend of holding Bitcoin in corporate treasuries, popularized by Strategy under CEO Michael Saylor, has gained traction among publicly traded firms. Companies like MARA Holdings, formerly Marathon Digital Holdings, and newer players like Twenty One (XXI) have joined the ranks, viewing Bitcoin as a strategic asset. MARA Holdings, a major Bitcoin miner, holds 50,000 Bitcoins valued at $5.47 billion, securing its position as the second-largest corporate holder. Twenty One, formed through a 2025 merger involving Tether, Bitfinex, and Cantor Equity Partners, holds 37,230 Bitcoins worth $4.07 billion, marking it as a significant emerging player.
Riot Platforms, another North American Bitcoin miner, holds 19,225 Bitcoins valued at $2.1 billion, while Japan-based Metaplanet has rapidly expanded to 15,555 Bitcoins worth $1.7 billion, with ambitions to reach 210,000 Bitcoins by 2027. Galaxy Digital Holdings, a U.S.-based digital asset manager, holds 12,830 Bitcoins valued at $1.4 billion, followed closely by CleanSpark, a Bitcoin miner with 12,608 Bitcoins worth $1.38 billion. Tesla, led by Elon Musk, maintains a steady 11,509 Bitcoins valued at $1.26 billion, reflecting its 2021 investment. Hut 8 Mining Corp, a Canadian miner recently partnered with Eric Trump and Donald Trump Jr. to form the American Bitcoin mining venture, holds 10,273 Bitcoins worth $1.12 billion. Coinbase Global rounds out the top ten with 9,267 Bitcoins valued at $1.01 billion.
The combined Bitcoin holdings of these top ten companies total 755,822 Bitcoins, valued at $82.68 billion, or 3.599% of the total Bitcoin supply. This growing corporate adoption underscores Bitcoin’s evolving role as a treasury asset, with Strategy leading the charge. The company’s dominance is not just in scale but in its strategic vision, positioning Bitcoin as a cornerstone of modern corporate finance. As more firms follow suit, the landscape of corporate treasuries is shifting, with Bitcoin emerging as a compelling alternative to traditional cash reserves.