Publicly Listed Companies That Own Bitcoin in 2022

Amala Pillai

Last updated 30th Nov 2022

Disclosure

The past couple of years have seen an explosion of major publicly listed companies that own Bitcoin — no doubt spurred on by the economic effects of the COVID-19 pandemic. After cloud software company MicroStrategy bought $425 million worth of Bitcoin in August 2020, others, like Tesla and Voyager followed suit.

We combed through the latest filings and press releases to highlight the companies that invested in cryptocurrency most:

• Combined, these companies hold 1.01% of all 21 million Bitcoin in supply.

• Some companies are HODLing more value in Bitcoin than the entirety of their asset portfolio.

• The company with the smallest ‘BTC value/total assets held’ on this list is cryptocurrency exchange, Coinbase.

• Some companies hold more dollar value of Bitcoin than the value of their publicly traded stock (NasdaqGS).

We Track Four Key Data Points in This Article:

• What percentage of the entire Bitcoin supply does the company hold (% of 21 million)?

• How much Bitcoin does the company hold?

• A comparison of the total assets a company holds (Q3 SEC filing) to the dollar value of their Bitcoin holdings (average USD value of Bitcoin in the final months of 2021, $55,000)

• A comparison of the total market value of the company (NasdaqGS market cap) to the dollar value of their Bitcoin holdings (average USD value of Bitcoin in the final months of 2021, $55,000)

Biggest Corporate Bitcoin Holders

(Ranked in order of most amount of BTC held)

MicroStrategy

MicroStrategy is an American company that provides business intelligence, mobile software, and cloud-based services.

• MicroStrategy Bitcoin holdings are the largest of all corporate holdings: 0.593% of the entire Bitcoin supply.

• 124,391 Bitcoin.

• MicroStrategy’s current Bitcoin value ($6,841,505,000) is more than double the entire amount of assets they hold ($2,986,244,000): 229.10% of assets.

• MicroStrategy has a larger holding of Bitcoin than its entire stock market capitalization combined ($5,132,000,000). 133.31% of market capitalization.

*MicroStrategy has purchased a further $94.2million in December 2022 and another $190m in April 2022.

Tesla Inc

Tesla is an American electric vehicle and clean energy company.

• Tesla Bitcoin holdings make up 0.204% of the entire Bitcoin supply.

• 42,902 Bitcoin.

• Tesla’s Bitcoin value ($2,359,610,000) represents 5.08% of total assets held (57,834,000,000).

• Even with one of the highest stock market caps on the NasdaqGS (832,632,000,000), the BTC value in USD still represents 0.28% of it.

Galaxy Digital Holdings

Galaxy Digital is a crypto-focused financial service and investment management firm with one of the largest Bitcoin treasuries.

• 0.078% of the Bitcoin supply.

• 16,400 Bitcoin.

• Bitcoin value ($902,000,000) represents 22.63% of total assets held ($3,986,651,000).

• Market cap of $1,960,000,000 means BTC holdings represent 46.02% of its total company value.

Voyager Digital LTD

Voyager operates as a crypto asset broker so it’s unsurprisingly one of the top Bitcoin companies.

• 0.058% of the Bitcoin supply

• 12,260 Bitcoin

• Bitcoin value ($674,300,000) represents 14.48% of total assets held ($4,656,293,000)

• Market cap of $1,540,000,000 means BTC holdings represent 42.03% of its total company value.

Marathon Digital Holdings Inc

Marathon Digital is a digital asset technology company.

• 0.039% of the Bitcoin supply.

• 8,133 Bitcoin.

• BTC value ($447,315,000) represents 67.33% of total assets held ($664,340,598).

• Market cap of $2,548,000,000 means BTC holdings represent 17.56% of its total company value.

Block Inc (Square Inc)

Block, formerly Square, is another one of global technology companies with Bitcoin on its balance sheet.

• 0.038% of the Bitcoin supply.

• 8,027 Bitcoin.

• BTC value ($441,485,000) means BTC holdings represent 3.17% of total assets held ($13,909,426,000).

• Market cap of $4,204,000,000 means BTC holdings represent 10.50% of its total company value.

Hut 8 Mining Corp

Hut 8 Mining is a cryptocurrency mining and blockchain infrastructure company.

• 0.026% of the Bitcoin supply.

• 5,518 Bitcoin.

• BTC value ($303,490,000) means BTC holdings represent 46.60% of total assets held ($651,207,245).

• Market cap of $1,039,000,000 means BTC holdings represent 29.21% of its total market value.

*Some of the biggest Bitcoin holders among companies are those that mine the cryptocurrency, like Hut 8 Mining Corp, which is constantly generating more - 5518 self-mined BTC as of December 2021.

Riot Blockchain Inc

Riot Blockchain is a Bitcoin mining company.

• 0.023% of the Bitcoin supply.

• 4,889 Bitcoin.

• BTC value ($268,895,000) means BTC holdings represent 28.17% of total assets held ($954,407,000)

• Market cap of $2,037,000,000 means BTC holdings represent 13.20% of its total market value.

*This company mines Bitcoin and therefore is constantly generating more - 3,812 in 2021 and 425 in December 2021.

Coinbase Global Inc

Coinbase is an American cryptocurrency exchange platform.

• 0.021% of the Bitcoin supply.

• 4,482 Bitcoin.

• BTC value ($246,510,000) means BTC holdings represent 1.34% of total assets held ($18,454,271,000)

• Market cap of $58,042,000,000 means BTC holdings represent 0.42% of its total market value.

Bitfarms Limited

Bitfarms is primarily engaged in the cryptocurrency mining industry and so far we’ve learned that it’s the mining companies that own Bitcoin in abundance.

• 0.02% of the Bitcoin supply.

• 4,300 Bitcoin.

• *BTC value ($236,500,000) means BTC holdings represent 457.41% of total assets held ($51,704,000).

• *Market cap of $780,849,000 means BTC holdings represent 30.29% of its total market value.