In 2025, corporate finance is seeing a stunning turn of events as more and more public companies are placing major bets on Bitcoin.
More than 80 publicly traded companies now own Bitcoin, a 142% increase from only 33 companies in 2023, fueled by its popularity as a strategic reserve currency and inflation hedge.
This phenomenon cuts across various industries, such as technology, finance, mining, and retail, with major players around the world taking the lead.
Regulatory certainty and changing accounting principles have also pushed adoption further, with Bitcoin now a core part of corporate treasury plans and an indication of increasing institutional trust in the long-term prospects of the cryptocurrency.
1. Strategy
Strategy, previously MicroStrategy, maintains the biggest corporate Bitcoin treasury, with 531,644 BTC worth more than $45 billion as of April 2025.
With the aggressive leadership of CEO Michael Saylor, the company started buying Bitcoin aggressively in 2020, making it its primary treasury asset for hedges against inflation and currency devaluation.
By purchasing more than 50,000 BTC in 2021, the business greatly expanded its holdings. The business expanded its Bitcoin holdings starting in 2022, acquiring 22,000 more BTC and spending over $10 billion in 2024 alone.
Through volatility, Saylor's faith in the long-term worth of Bitcoin has fueled steady accumulation, establishing Strategy as a corporate finance pioneer in adopting cryptocurrency.
Its moves are closely monitored by investors as Bitcoin's profile increases.
2. MARA Holdings
MARA Holdings, one of the largest Bitcoin mining firms, owns 47,531 BTC worth about $4.5 billion as of 2025.
The company’s portfolio doubled, growing from 20,000 to 40,000, in 2024, which helped them take advantage of their energy-efficient infrastructure to mine and stack BTC at scale.
MARA's strategic emphasis on building its hash rate and maximising mining output has cemented it as a leading corporate Bitcoin holder.
By putting mining rewards back into its treasury, the firm shows faith in Bitcoin as a store of wealth in the long term.
MARA's aggressive holding strategy remains in the spotlight among investors, making it a central actor in the changing crypto ecosystem.
3. Galaxy Digital Holdings
Galaxy Digital Holdings, a financial services company with a focus on crypto, owns 15,400 BTC worth more than $1.3 billion in 2025.
CEO Mike Novogratz led the company in investing in Bitcoin strategically by making focused investments in the flagship asset, solidifying its position as a central player in the digital assets world.
Galaxy's diversified business model, across trading, asset management, and advisory, enables it to benefit from the increasing mainstream adoption of Bitcoin.
Eventually, by adding to its BTC reserve, the company increased confidence in Bitcoin's long-term value as a store of value.
Galaxy's actions are still driving institutional demand, and the company is a prominent voice in corporate crypto adoption.
4. Tesla
Tesla, the electric vehicle pioneer, now has 11,509 BTC valued at approximately $1 billion in 2025, the product of its historic $1.5 billion Bitcoin purchases in 2021.
Even though Tesla had sold a tenth of its Bitcoin assets at some point in time to test the liquidity of the coin, it now possesses 11,509 BTC. Tesla retains a significant holding, reflecting CEO Elon Musk's continued interest in cryptocurrency as a strategic asset.
The company's testing of Bitcoin payment and treasury reserve reflects its innovative thinking in finance.
Tesla's stake in Bitcoin remains a topic of interest to investors, reflecting belief in the long-term value of the currency despite volatility.
5. Coinbase
Coinbase, the largest U.S. crypto exchange, maintains 6,885 BTC, which is worth about $700 million as of 2025.
As one of the top crypto trading platforms, Coinbase maintains its operational momentum with a relatively small Bitcoin treasury, which epitomises a conservative yet deliberative stance on digital asset investment.
This demonstrates its faith in the sustained value of Bitcoin while keeping its core function as an intermediary of crypto trading for millions of customers.
Under CEO Brian Armstrong, Coinbase's Bitcoin reserves reflect its dedication to the crypto space, making it a central player in bridging finance and digital assets, with investors keenly watching its strategic steps.
6. Hut 8 Corporation
Hut 8 Corp., a well-known Canadian Bitcoin mining corporation, owns 9,100 BTC worth around $1 billion in 2025.
Being the pioneer in North America's crypto mining industry, Hut 8 utilises its high-tech mining facilities and eco-friendly energy usage to strengthen its Bitcoin treasury.
Current mining efforts and dedication to increasing the value of its BTC indicate a possible increase in Hut 8’s crypto portfolio.
Its large holdings draw investors' eyes, solidifying its position as a top player in the changing cryptocurrency mining industry.
7. Riot Platforms
Riot Platforms, one of the top USA-based Bitcoin firms, has 19,223 BTC as of May 2025, which is more than $900 million.
The company has grown its Bitcoin treasure aggressively by utilising its huge-scale mining capacity and making strategic investments in innovative infrastructure.
Riot's prioritisation of expanding its hash rate and optimising energy-efficient mining has fuelled steady BTC accumulation, making it a significant player in crypto mining.
This large treasury demonstrates Riot's firm conviction in Bitcoin's long-term use as a store of value. With its bold strategy creating a lot of investor demand, Riot Platforms continues to drive the narrative of North American corporate Bitcoin adoption.
8. Block
Block Inc., formerly known as Square, owns a total of 8,584 BTC as of June 26, 2025. With BTC trading slightly above $100,000, Block’s portfolio is worth arguably $900 million.
Established in 2009, with CEO Jack Dorsey's forward-thinking leadership, the company has adopted Bitcoin as an integral part of its financial services portfolio with the ambition of incorporating cryptocurrency into its payment system.
Block's investment in Bitcoin, initiated in 2020, is reflective of Dorsey's belief in the potential to revolutionise the world's finance using a digital currency.
With a large BTC treasury, Block has confidence in the long-term value of Bitcoin and innovates across products like Cash App to include cryptocurrency. Its bold moves continue to hold investors involved and make Block the leader in bringing traditional and cryptocurrency finance together.
9. CleanSpark
CleanSpark, an American Bitcoin mining firm, owns 12,502 BTC worth around $1.3 billion in 2025.
The company is popular for its emphasis on green mining, as it uses renewable energy sources to fuel its scalable, high-volume mining operations.
Its green strategy has helped the firm continue to build its treasury of Bitcoin while limiting its carbon footprint.
Through focusing on the scalability of operations and innovations in energy, CleanSpark solidifies its position within the global crypto mining market.
Its large BTC holdings indicate trust in Bitcoin's long-term worth as a store of value, which attracts investor attention. CleanSpark's focus on sustainability and expansion keeps it standing out in North America's crypto arena.
10. MetaPlanet
Metaplanet, a Tokyo investment company nicknamed the "Asian MicroStrategy," owns 12,345 BTC worth around $133 million as of June 2025.
Metaplanet, emulating MicroStrategy's Bitcoin strategy, has accumulated BTC aggressively since 2024 with the goal of holding 10,000 BTC by year-end.
Bitcoin is seen by the company as an inflation hedge and yen protection and is incorporated as a treasury staple. This aggressive action indicates increased institutional faith in cryptocurrency in Asia's financial markets.
Metaplanet's swift Bitcoin acquisition attracted intense investor interest, placing it as a pioneer in Japan's corporate crypto adoption.
Its ambitious goal demonstrates a strategic bet on the long-term worth of Bitcoin.
Edited by Annette George
