Bitcoin Treasury Companies: Public Companies Holding BTC

Track Corporate Bitcoin Holdings and Market Valuations

Track corporate Bitcoin holdings and market valuations

Understanding Bitcoin Treasury Companies

Bitcoin treasury companies are corporations that hold Bitcoin as a strategic reserve asset on their balance sheets. These treasury companies view BTC as a superior store of value compared to traditional cash holdings, adopting crypto treasury companies strategies to protect against inflation and currency debasement.

Leading bitcoin treasury strategy companies like MicroStrategy, Marathon Digital, and Tesla have accumulated significant BTC treasuries, demonstrating institutional confidence in Bitcoin's long-term value proposition. These companies publicly disclose their holdings through SEC filings and earnings reports, allowing investors to track their strategies in real-time.

What is MNAV (Market Cap to NAV Ratio)?

The MNAV ratio, or BTC treasury MNAV, is a critical metric for evaluating bitcoin treasury company valuations. MNAV measures how the stock market values a company relative to its Bitcoin holdings. An MNAV above 1.0x indicates the market assigns premium value beyond just the BTC treasuries, while an MNAV below 1.0x may signal an undervalued opportunity.

Key Benefits of Bitcoin Treasury Strategies:

  • Inflation hedge: Protect against currency debasement
  • Portfolio diversification: Alternative to traditional treasury assets
  • Shareholder value: Potential for superior long-term returns
  • Market positioning: Signal innovation and forward-thinking leadership

Track all major crypto treasury companies below, including their total Bitcoin holdings, current market values, and MNAV multiples. Use this data to analyze trends, compare strategies, and identify investment opportunities in the growing ecosystem of bitcoin treasury strategy companies.

₿

BTC in Public Company Treasuries

1.10M BTC
Current Value $54.96M
Public companies holding Bitcoin on balance sheet
🏢

Public Companies Holding BTC

161
Avg Holdings 6.83K BTC
Tracked public companies with disclosed BTC holdings
🌍

Top Countries by Number of Entities

United States
76
Canada
24
Unknown
23
Hong Kong
7
Japan
6
📊 Current Bitcoin Price: $50.00 | Total Companies: 161

🏆 Featured Company

Tesla

Bitcoin: 11.51K BTC Value: $575.45K mNAV: 2552045.01x
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Company Bitcoin Holdings Bitcoin Value Enterprise Value mNAV Multiple
Advanced Bitcoin Technologies AG
242.00 $12.10K $3.74M 309.30x
AgriFORCE Growing Systems Ltd.
3.00 $150.00 $10.43M 69531.59x
AI Fusion Capital Group Corp.
25.00 $1.25K $4.59B 3672818.88x
Aker ASA
754.00 $37.70K $91.30B 2421764.99x
Al Abraaj Resturant Group
7.00 $350.00 N/A N/A
Alliance Resource Partners, L.P.
541.00 $27.05K $4.00B 147874.31x
Altvest Capital
1.00 $50.00 N/A N/A
American Bitcoin
6.50K $325.00K $1.00B 3076.92x
Anap Holdings Inc.
1.15K $57.30K $18.15B 316834.75x
Argo Blockchain PLC
3.00 $150.00 $4.99B 33250338.00x
ATAI Life Sciences N.V.
58.00 $2.90K $1.45B 499688.38x
Athena Bitcoin Global
17.00 $850.00 $68.34M 80404.22x
ATIF Holdings Ltd
0.20 $10.00 $1.37M 137398.70x
Autris
9.00 $450.00 $31.08M 69062.60x
Banxa Holdings Inc.
136.00 $6.80K $60.58M 8908.75x
Basel Medical Group Ltd.
0.00 $0.00 $12.61M N/A
BD Multimedia
25.00 $1.25K N/A N/A
Belgravia Hartford Capital Inc.
16.00 $800.00 N/A N/A
BIGG Digital Assets Inc.
100.00 $5.00K $18.54M 3708.05x
Bit Digital, Inc.
418.00 $20.90K $539.00M 25789.47x
BIT Mining Limited
19.00 $950.00 $4.42B 4655240.00x
Bitcoin Depot
108.00 $5.40K $196.00M 36296.30x
Bitcoin Group SE
3.60K $180.25K $159.13M 882.84x
Bitcoin Standard Treasury Company
30.02K $1.50M $268.00M 178.54x
Bitcoin Treasury Capital
156.00 $7.80K N/A N/A
Bitcoin Treasury Corp
771.00 $38.55K N/A N/A
Bitcoin Well Inc
11.00 $550.00 $74.24M 134980.44x
Bitdeer Technologies Group
943.00 $47.15K $2.00B 42417.82x
Bitfarms Ltd.
1.83K $91.35K $1.00B 10946.91x
BITFUFU
1.80K $89.80K $513.00M 5712.69x
bitmax
444.00 $22.20K $152.85B 6884936.94x
BitMine
193.00 $9.65K $82.00M 8497.41x
BlackRock, Inc.
6.00 $300.00 $177.75B 592514366.67x
Block, Inc.
8.88K $444.15K $38.00B 85556.68x
Blockmint Technologies Inc.
4.00 $200.00 $1.23M 6132.31x
Boyaa Interactive International Limited
3.92K $196.25K N/A N/A
BTCS Inc.
0.00 $0.00 $216.38M N/A
Bullish
24.30K $1.22M $5.00B 4115.23x
Canaan Inc.
1.78K $88.90K $3.00B 33745.78x
Cango Inc
3.31K $165.65K $882.00M 5324.48x
Cathedra Bitcoin Inc.
53.00 $2.65K $33.85M 12773.18x
Cipher Mining
1.50K $75.00K $5.00B 66666.67x
Classover Holdings Inc.
0.00 $0.00 $17.83M N/A
CleanSpark
13.36K $668.15K $3.00B 4490.01x
Coin Citadel
4.00 $200.00 $7.13M 35656.53x
Coinbase
182.00 $9.10K $5.00M 549.45x
Coinshares International Limited
236.00 $11.80K $7.77B 658180.21x
Coinsilium
112.00 $5.60K $3.52M 629.16x
Core Scientific
2.54K $126.85K $5.00B 39416.63x
Crypto Blockchain Industries
4.00 $200.00 $47.89M 239447.50x
CryptoStar Corp.
3.00 $150.00 $2.73M 18216.77x
Cypherpunk Holdings Inc.
23.00 $1.15K $122.79M 106771.42x
DDC Enterprise Limited
2.18K $109.15K $32.00M 293.17x
DeFi Development Corp. (Formerly Janover)
0.00 $0.00 $296.12M N/A
DeFi Technologies
204.00 $10.20K $474.51M 46521.05x
Digihost Technology Inc.
17.00 $850.00 N/A N/A
Digital Commodities Capital Corp.
2.00 $100.00 $1.66M 16568.94x
DigitalX
499.00 $24.95K $61.81M 2477.54x
DMG Blockchain Solutions Inc.
341.00 $17.05K $56.26M 3299.43x
Exodus Movement, Inc
1.69K $84.70K $263.00M 3105.08x
Fintech Select Ltd.
5.00 $250.00 $2.00M 7984.04x
Fold Holdings Inc.
1.00K $50.25K $135.00M 2686.57x
FRMO Corp.
159.00 $7.95K $329.00M 41383.65x
Galaxy Digital
6.89K $344.70K $10.00B 29010.73x
GameStop Corp.
4.71K $235.50K $7.00B 29723.99x
GD Culture Group
7.50K $375.00K $212.00M 565.33x
Genius Group
180.00 $9.00K $26.00M 2888.89x
Globant S.A.
15.00 $750.00 $3.39B 4520127.20x
Goodfood Market Corp
25.00 $1.25K $64.85M 51877.11x
Green Minerals AS
4.00 $200.00 $24.03M 120170.88x
GreenMerc AB
6.00 $300.00 N/A N/A
GSTechnologies Ltd
1.00 $50.00 $10.23M 204691.30x
H100 Group
1.05K $52.35K N/A N/A
HIVE Digital Technologies
2.20K $110.05K $447.00M 4061.79x
HK Asia Holdings
29.00 $1.45K $650.61M 448699.31x
Horizon Kinetics Holding Corp
132.00 $6.60K $596.00M 90303.03x
Hut 8
13.70K $684.80K $5.00B 7301.40x
Intchains Group Limited
13.00 $650.00 N/A N/A
Intesa Sanpaolo
11.00 $550.00 $288.59B 524709218.18x
Investview, Inc.
20.00 $1.00K $42.83M 42834.29x
Jasmine International PCL
506.00 $25.30K $14.16B 559711.38x
Jetking Infotrain Ltd.
21.00 $1.05K $919.77M 875972.32x
K Wave Media
88.00 $4.40K N/A N/A
K33 AB
121.00 $6.05K $389.21M 64332.83x
KindlyMD, Inc.
5.40K $269.90K $112.00M 414.97x
Kontrol Technologies
24.00 $1.20K N/A N/A
KULR Technology Group
1.02K $51.05K $86.00M 1684.62x
Leef Brands Inc
4.00 $200.00 $57.37M 286836.08x
Linekong Interactive Group Co., Ltd
44.00 $2.20K $51.13M 23239.18x
LM Funding America
356.00 $17.80K $8.00M 449.44x
Locate Technologies
12.30 $615.00 $13.88M 22575.80x
LQWD Technologies Corp.
239.00 $11.95K $29.43M 2462.92x
MARA
53.82K $2.69M $6.00B 2229.57x
Matador Technologies Inc
77.00 $3.85K $15.04M 3907.50x
Meitu, Inc.
0.00 $0.00 $31.83B N/A
MercadoLibre, Inc.
570.00 $28.50K $95.00B 3333333.33x
Metaplanet
30.82K $1.54M $506.03B 328342.59x
MicroAlgo Inc
50.00 $2.50K N/A N/A
Microcloud Hologram
2.35K $117.65K N/A N/A
Ming Shing Group
833.00 $41.65K $21.00M 504.20x
Mogo Inc.
50.00 $2.50K $96.93M 38772.61x
Murano Global Investments Plc
21.00 $1.05K $10.69B 10181705.71x
Méliuz
596.00 $29.80K $386.05M 12954.86x
Nakiki SE
0.00 $0.00 N/A N/A
NameSilo Technologies Corp
5.00 $250.00 $119.09M 476353.34x
Nano Labs
1.00K $50.00K N/A N/A
Neowiz holdings
123.00 $6.15K $167.12B 27174297.56x
Neptune Digital Assets
404.00 $20.20K $114.13M 5649.98x
Net Holding A.S.
352.00 $17.60K $33.18B 1885057.50x
NEXON Co., Ltd.
1.72K $85.85K $2383.41B 27762542.81x
Next Technology Holding Inc.
5.83K $291.65K N/A N/A
Norwegian Block Exchange
6.00 $300.00 $84.23M 280768.00x
OneMedNet Corp.
10.00 $500.00 $77.77M 155533.82x
Panther Metals PLC
1.00 $50.00 $2.77M 55422.14x
Phoenix Digital Assets
247.00 $12.35K $12.06M 976.50x
Phoenix Group PLC
131.00 $6.55K N/A N/A
Phunware Inc
0.00 $0.00 N/A N/A
Planet Ventures Inc.
29.00 $1.45K N/A N/A
Prenetics
502.00 $25.10K $201.00M 8007.97x
ProCap BTC
4.95K $247.55K N/A N/A
R8 Capital Investments PLC
0.00 $0.00 $4.34M N/A
Reddit Inc.
0.00 $0.00 $40.39B N/A
Remixpoint
1.38K $69.10K $36.62B 529973.02x
Riot Platforms
18.00K $900.25K $6.00B 6664.82x
Rumble Inc.
211.00 $10.55K $775.00M 73459.72x
Safello Group
4.00 $200.00 $82.08M 410397.72x
Samara Asset Group
525.00 $26.25K $261.84M 9974.96x
SATO Technologies Corp
36.00 $1.80K $15.97M 8872.45x
Satsuma Technology
1.15K $57.45K N/A N/A
SBC Medical Group Holdings Inc
66.00 $3.30K $331.62M 100490.08x
Semler Scientific
5.05K $252.40K $416.00M 1648.18x
Sequans Communications S.A.
2.14K $106.95K $50.00M 467.51x
SharpLink Gaming
0.00 $0.00 $2.05B N/A
Sixty-Six Capital Inc
145.00 $7.25K N/A N/A
SOS Limited
803.00 $40.15K $1.00B 24906.60x
Sphere 3D
23.00 $1.15K $9.24M 8038.73x
Strategy
720.74K $36.04M $61.00B 1692.71x
Strive
13.13K $656.60K $913.00M 1390.50x
Tap Global
5.00 $250.00 N/A N/A
TeraWulf
15.00 $750.00 $6.38B 8510568.40x
Tesla
11.51K $575.45K $1468.57B 2552045.01x
The Blockchain Group
2.01K $100.65K N/A N/A
The Brooker Group
122.00 $6.10K $2.92B 479219.87x
The Smarter Web Company PLC
2.66K $133.20K $2.17M 16.29x
The9 Limited
285.00 $14.25K $20.00B 1403508.77x
Thumzup
19.00 $950.00 $35.52M 37393.24x
Torrent Capital Ltd.
0.00 $0.00 N/A N/A
Trump Media & Technology Group Corp.
9.54K $477.10K $4.00B 8383.99x
Upexi Inc.
0.00 $0.00 $342.94M N/A
Value Creation Co., Ltd.
30.00 $1.50K $2.39B 1594223.47x
Vanadi Coffee, SA
76.00 $3.80K N/A N/A
Vault Ventures Plc
4.00 $200.00 $1.43M 7163.96x
Vaultz Capital
70.00 $3.50K N/A N/A
Vinanz
86.00 $4.30K $9.45M 2196.96x
Virtu Financial, Inc.
410.00 $20.50K $13.00B 634146.29x
Walnut Capital Ltd.
10.00 $500.00 $1.84B 3673565.20x
WEMADE
223.00 $11.15K N/A N/A
Where Food Comes From, INC
7.00 $350.00 $63.22M 180620.73x
WonderFi
40.00 $2.00K $162.92M 81460.63x
XXI
43.51K $2.18M $2.00B 919.24x
YUXING
78.00 $3.90K $162.67M 41710.45x
Showing 161 treasury companies

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Frequently Asked Questions About Bitcoin Treasury Companies

What is a Bitcoin treasury company?

A Bitcoin treasury company is a corporation that holds Bitcoin as part of its corporate treasury strategy. These companies allocate a portion of their cash reserves to Bitcoin as a store of value and inflation hedge. Examples include MicroStrategy, Tesla, and other public companies that publicly disclose their Bitcoin holdings on their balance sheets.

Why do companies adopt crypto treasury strategies?

Companies adopt crypto treasury strategies, particularly Bitcoin treasury strategies, for several reasons: as a hedge against inflation and currency debasement, to diversify treasury assets beyond traditional cash and bonds, to potentially generate higher returns than traditional treasury investments, and to signal innovation and forward-thinking to stakeholders. Bitcoin treasury companies view BTC as digital gold and a long-term store of value.

What is MNAV (Market Cap to NAV ratio)?

MNAV (Market Cap to Net Asset Value ratio), also called BTC treasury MNAV, measures how the stock market values a treasury company relative to its Bitcoin holdings. An MNAV above 1.0 means the company's market cap exceeds the value of its Bitcoin holdings, indicating the market assigns additional value to the company's business operations. An MNAV below 1.0 suggests the stock may be undervalued relative to its BTC treasuries.

Which treasury companies hold the most Bitcoin?

The largest Bitcoin treasury companies by BTC holdings include: MicroStrategy (the largest corporate Bitcoin holder with over 150,000 BTC), Marathon Digital Holdings, Tesla, Coinbase, Block (formerly Square), and Riot Platforms. These crypto treasury companies represent billions of dollars in Bitcoin holdings and are leaders in corporate Bitcoin adoption strategies.

How do I track Bitcoin treasury companies?

You can track Bitcoin treasury companies and their crypto treasury strategies using specialized platforms like 21Rates that aggregate public disclosures, SEC filings, and company announcements. Key metrics to monitor include total Bitcoin holdings (BTC treasuries), average purchase price, current market value, MNAV ratio, and changes in holdings over time. Most treasury companies disclose their Bitcoin holdings in quarterly earnings reports and 8-K filings.