Bitcoin Treasuries

in Publicly Traded and Private Companies

List of Large Holders (Public, Private, and ETF-like)


Country Company Symbol Market Cap
% BTC
Purchases/Filings Basis Price USD
Today's Value
Bitcoin
%/21M
Public US MicroStrategy Inc. NADQ:MSTR $5,360,563,310 62% $1B 2020 $2,741,000,000 105,085 BTC
Public US Tesla, Inc. NADQ:TSLA $757,554,688,042 0.2% $1.5B $1,500,000,000 43,200 BTC
Public US Square Inc. NADQ:SQ $112,280,736,663 0.10% $50M Oct 2020 $50,000,000 8,027 BTC
Public US Marathon Digital Holdings NADQ:MARA $4,544,025,099 6% $150M Jan 2020 $161,539,500 5,263 BTC
Public US Coinbase Global, Inc. NADQ:COIN $60,158,400,000 0% S1 filling ? $254,917,239 4,487 BTC
Public CA Galaxy Digital Holdings TSE:GLXY $2,592,607,983 9% $134M Jun 2020 $222,494,400 4,000 BTC
Public DE Bitcoin Group SE ADE.DE $253,000,000 - 2020 Report ? $218,088,800 4,000 BTC
Public CA Hut 8 Mining Corp TSX:Hut-8 $1,012,626,184 17% Q2 2020 $36,788,573 3,012 BTC
Public US NEXON Co. Ltd TYO:3659 $29,452,552,000 0% Apr 2021 $100,000,000 1,717 BTC
Public CA Voyager Digital LTD CSE:VYGR $179,608,625 39% March 2020 $7,927,182 1,239 BTC
Public US Riot Blockchain, Inc. NADQ:RIOT $4,068,919,136 1.7% $7.2M Jun 2020 $7,200,000 1,175 BTC
Public NO Seetee AS AKER:NO $4,068,919,136 - March 2021 $58,599,450 1,170 BTC
Public HK Meitu SEHK:1357 $4,068,919,136 - March 2021 $17,900,000 379 BTC
Public US Coin Citadel Inc OTCMKTS:CCTL Not on G.F. - Dec 2015 $184,390 513 BTC
Public US Argo Blockchain PLC OTCPK:ARBKF 489,914,154 6.0% Dec 2020 ? $34,232,011 927 BTC
Public US Bit Digital, Inc. NASDAQ:BTBT $744,876,519 3.7% Jan 2021 ? $27,917,091 489 BTC
Public CA Bitfarms Limited CSE:BITF 974,872,082 2.9% Feb 2021 $15,690,350 489 BTC
Public DE Advanced Bitcoin Technologies AG ABT:GR Not on G.F. - Q1 2018 $2,117,978 253.8 BTC
Public CA DMG Blockchain Solutions Inc. TSX-V:DMGI $152,608,613 8% SEDAR Reports ? $12,128,292 220 BTC
Public CA Digihost Technology Inc. TSXV:DGHI.V Not on G.F. - Feb. 2021 $6,890,000 184 BTC
Public CA Fortress Blockchain TSXV:FORT Not on G.F. - Q3 2020 ? $8,996,988 163 BTC
Public US CleanSpark Inc NASDA:CLSK $668,787,337 1% Ann ? $7,883,390 143 BTC
Public CA Banxa Holdings Inc OTCMKTS:BNXAF $258,470,736 3% Ann ? $7,497,490 136 BTC
Public CA Neptune Dash Technologies TSXV:DASH Not on G.F. - Q3 2020 ? $5,016,703 91 BTC
Public UK Mode Global Holdings LON:MODE Not on G.F. - 2020 Ann $975,089 85 BTC
Public US BTCS Inc. OTCQB:BTCS Not on G.F. - Filling ? $4,329,469 79 BTC
Public AU DigitalX ASX:DCC $53,083,400 10% 215 BTC 2019 $874,835 215.0 BTC
Public CA Hive Blockchain CVE:HIVE $746,649,389 1% Oct 2020 ? $5,363,366 211.4 BTC
Public CA Cypherpunk Holdings Inc. CSE:HODL $15,328,300 46% $1.63M Jun 2020 $1,630,000 276.5 BTC
Public CA BIGG Digital Assets Inc. CNSX:BIGG $65,920,400 6% SEDAR Reports $1,071,904 145.0 BTC
Public US FRMO Corp. OTCMKTS:FRMO $398,496,667 0.40% March 2020 ? $1,594,069 62.8 BTC
Public CA MOGO Financing NADQ:MOGO $558,649,260 0.5% ann ? $2,756,430 50 BTC
Public US Phunware, Inc. NADQ:PHUN $108,241,980 1.3% Ann $1,499,831 26 BTC
Public US BlackRock NYSE:BLK $133,312,653,860 0.0% Ann $360,000 6.15 BTC
Public TR Net Holding Anonim Sirketi IST:NETHL Not on G.F. - Dec 2020 $79,800 2.80 BTC
Private JP MTGOX K.K. private private - Report $68,576,024 141,686 BTC
Private US Block.one private private - Profile ? $3,198,538,000 140,000 BTC
Private CH The Tezos Foundation private private - Sep 2020 ? $629,307,017 24,808 BTC
Private US Stone Ridge Holdings Group private private 80% Oct 2020 $115,000,000 10,889 BTC
Gov UA Ukraine (various) gov gov - Reporting ? $2,555,265,739 46,351 BTC
ETF Like US Grayscale Bitcoin Trust OTCQX:GBTC $16,267,862,276 89% Oct 2020 $14,526,317,612 654,885 BTC
ETF Like EU CoinShares / XBT Provider COINXBT:SS Not on G.F. - Oct 2020 $770,170,932 69,730 BTC
ETF Like UK Ruffer Investment Company Ltd LON:RICA Not on G.F. - 11/1/2020 £550M $744,260,000 45,000 BTC
ETF Like CA 3iQ The Bitcoin Fund TSX:QBTC.U $278,738,100 150% Oct 2020 $91,189,025 16,454 BTC
ETF Like US Grayscale Digital Large Cap Fund OTCMKTS:GDLC Not on G.F. - Info on AUM $178,482,916 7,036 BTC
ETF Like US Bitwise 10 Crypto Index Fund OTCQX:BITW Not on G.F. - Info on AUM $45,370,629 6,590 BTC
ETF Like CH WisdomTree Bitcoin BTCW:SW Not on G.F. - Info on ETP $144,588,374 5,700 BTC
ETF Like CA Ninepoint Bitcoin Trust TSX:BITC.U Not on G.F. - Info on the Trust $172,666,460 5,590 BTC
ETF Like CA CI Galaxy Bitcoin Fund TSX:BTCG.U Not on G.F. - info on ETF $177,659,497 3,223 BTC
ETF Like US VanEck Vectors Bitcoin ETN XETRA:VBTC Not on G.F. - Info on ETN $177,290,769 3,216 BTC
ETF Like CH Leonteq Bitcoin Tracker USD UBTCTQ Not on G.F. - Info on this AUM $106,790,272 2,174 BTC
ETF Like CA Evolve Bitcoin ETF TSX: EBIT Not on G.F. - ETF Info $95,775,000 1,737 BTC
ETF Like CH 21Shares AG multiple Not on G.F. - Document $100,580,835 5,863 BTC
ETF Like DE ETC Group Bitcoin ETP BTCE:GR Not on G.F. - Info on NAV $56,721,505 5,215 BTC
ETF Like CA Purpose Bitcoin ETF TSX:BTCC(U/B) Not on G.F. - ETF Info $885,338,756 14,660 BTC
ETF Like US Osprey Bitcoin Trust OBTC Not on G.F. - info on this AUM $81,564,835 1,639 BTC

Companies Reporting BTC Holdings

Bitcoin Held In Treasuries

Percentage Held In Treasuries

Treasuries Value

Bitcoin Treasuries

Starting around August of 2020, we saw for the first time Bitcoin being added to a public companies balance sheet. Microstrategy, a business-intelligence software company, was the first publicly traded company to announce their purchase of Bitcoin, spending about $2.186 billion to acquire 90,859 bitcoin which is now worth over $5 billion.

Shortly after, Tesla and Square decided to add bitcoin to their balance sheet as part of their treasury management policy.

Michael Saylor

The first and largest announcement that championed the Bitcoin Treasury saga is founder and CEO of Microstrategy, Michael Saylor.

In March of 2020, Michael began looking to put his company's cash surplus of half a billion dollars of reserve funds to use. After a few months of research brought on by a profound unease about central banks propping up economies with cheap money, he began to convert hundreds of millions of dollars into bitcoin.

Months later, after running out of additional funds to buy bitcoin, Saylor turned to convertible debt offerings to purchase additional bitcoin.

Microstrategy now holds a total 91,579 BTC, worth over $5 billion and Michael Saylor continues to purchase bitcoin on behalf of his company on a recurring basis.

MicroStrategy’s Michael Saylor explains his $425M bet on Bitcoin on CNBC
MicroStrategy’s Michael Saylor explains his bet on Bitcoin on CNBC

Grayscale Bitcoin Trust

The Grayscale Bitcoin Trust (GBTC) is the world’s largest Bitcoin fund and digital asset manager. The fund tracks the price of Bitcoin, but only roughly. This means investors are able to gain exposure to by holding shares in trusts which are holding large pools of Bitcoin without the need to acquire and custody the bitcoin themselves.

This enables a far larger number of investors to participate in investing in bitcoin without having to worry about how to store it, complying with the law, or filing separate taxes.

The fund holds 654,885 BTC amounting to $35.6 billion worth of Bitcoin under management, a whopping 3% of total bitcoin supply.