Publicly Listed Companies That Own Bitcoin in 2022
The past couple of years have seen major publicly listed companies splurging on 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 public companies that hold the most cryptocurrencies in their portfolio.
Findings:
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)
| Company | Total BTC Held |
|---|---|
| MicroStrategy | 124,391 |
| Tesla Inc | 42,902 |
| Galaxy Digital Holdings | 16,400 |
| Voyager Digital LTD | 12,260 |
| Marathon Digital Holdings | 8,133 |
| Block Square / Square Inc | 8,027 |
| Hut Mining 8 Corp | 5,518 |
| Riot Blockchain Inc | 4,889 |
| Coinbase Inc | 4,482 |
| Bitfarms Limited | 4,300 |
MicroStrategy
MicroStrategy is an American company that provides business intelligence, mobile software, and cloud-based services.
The largest holder: 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 have 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.
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 services and investment management firm.
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.
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 a global technology company.
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.
*This company mines Bitcoin and therefore 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.
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.
