As Bitcoin gains popularity leading up to Bitcoin spot ETF approvals and the April 2024 Bitcoin halving, there are several companies holding Bitcoin on its balance sheet as an alternative treasury reserve asset.
Top 10 Publicly Traded Companies with the Most Bitcoin on its Balance Sheet
|Company (Ticker)||BTC Holdings|
|MicroStrategy (NASDAQ: MSTR)||158,400|
|Marathon Digital (NASDAQ: MARA)||13,726|
|Tesla (NASDAQ: TSLA)||10,500|
|Hut8 (NASDAQ: HUT)||9,255|
|Block (NASDAQ: SQ)||8,027|
|Riot Blockchain (NASDAQ: RIOT)||7,327|
|CleanSpark (NASDAQ: CLSK)||2,240|
Here are the top 10 publicly traded companies with the largest Bitcoin holdings that could soar during the next crypto bull run.
1. MicroStrategy: 158,245 BTC
MicroStrategy (NASDAQ: MSTR) is a prominent business intelligence company that has made waves in the cryptocurrency world due to its significant Bitcoin holdings.
Led by Executive Chairman Michael Saylor, it has consistently invested in Bitcoin as a treasury reserve asset, accumulating substantial holdings, and advocating for Bitcoin’s adoption by other public companies.
MicroStrategy holds 158,400 BTC, which were acquired at an aggregate purchase price of approximately $4.69 billion at an average purchase price of roughly $29,586 per bitcoin.
2. Marathon Digital Holdings: 13,726 BTC
Marathon Digital Holdings (NASDAQ: MARA) is a leading cryptocurrency mining company based in the United States.
Known for its innovative approach to mining Bitcoin, it operates large-scale mining facilities powered by renewable energy sources. The company has amassed a substantial Bitcoin reserve and is pivotal in the cryptocurrency ecosystem’s sustainability.
3. Tesla: 10,500 BTC
Tesla is a renowned electric vehicle (EV) and clean energy company founded by Elon Musk. It has revolutionized the automotive industry with popular electric cars like the Model S, Model 3, Model X, and Model Y. Beyond EVs, Tesla is dedicated to advancing sustainable energy solutions through solar power and battery technology innovations.
4. Hut8: 9,255 BTC
Hut8 (NASDAQ: HUT) is a Canadian cryptocurrency mining company that specializes in Bitcoin. With one of North America’s largest mining operations, it leverages low-cost energy sources for efficient Bitcoin production. Hut8 has made substantial investments in mining infrastructure and maintains a growing Bitcoin treasury.
5. Block Inc: 8,027 BTC
Block (NASDAQ: SQ) (formerly known as Square, Inc.) is a financial services company founded by Jack Dorsey and Jim McKelvey. It has a significant presence in the cryptocurrency space through its subsidiary, Cash App. Block enables users to buy, sell, and hold Bitcoin, making cryptocurrencies more accessible to the masses.
6. Riot Blockchain: 7,327 BTC
Riot Blockchain (NASDAQ: RIOT) is a publicly traded company focused on cryptocurrency mining and blockchain technology. Based in the United States, Riot Blockchain operates mining facilities and has expanded its Bitcoin holdings over the years. It’s actively involved in the growth and development of blockchain technology.
7. Cleanspark: 2,240 BTC
CleanSpark (NASDAQ: CLSK) is a forward-thinking energy software and services company with a focus on microgrids and renewable energy solutions. It uses advanced technology to optimize energy systems for sustainability and resilience. CleanSpark’s innovative approach makes it a key player in the transition to cleaner, more efficient energy systems.