WuBlockchain
Public companies now hold more than 1.26 million BTC between them, according to @BTCtreasuries data, a stash equal to roughly 6% of Bitcoin's 21 million maximum supply. The figure marks a structural milestone for the asset: a single buyer class, corporate treasuries, has absorbed almost 1.5% of every Bitcoin that will ever exist.
Why it matters
Strategy (formerly MicroStrategy) remains the dominant holder at 847,363 BTC, roughly two-thirds of the named corporate float. The next nine names combined — Twenty One Capital, Metaplanet, MARA Holdings, Bitcoin Standard Treasury Company, Bullish, Strive, SpaceX, Coinbase Global, and Riot Platforms — account for another ~248,000 BTC. The list signals a broadening of the bid: pure-play treasury vehicles, listed miners, exchanges, and even a private-equity anchor like SpaceX are now on the cap table.
Market impact
At recent spot prices, the 1.26M BTC held by public companies is worth north of $130B. The supply picture it implies is steeper than the headline number suggests: nearly 19.7 million of the 21 million BTC have already been mined, and ~6% of that finite float now sits under corporate ownership. Every subsequent quarterly buy from this cohort shrinks the freely tradable supply, a setup that amplifies any demand shock on the other side.
Frequently asked questions
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Which public company holds the most Bitcoin?
Strategy (formerly MicroStrategy) holds 847,363 BTC, roughly two-thirds of the 1.26M BTC held by the top 100 public companies combined, according to @BTCtreasuries.
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How much of Bitcoin's supply do public companies own?
The top 100 public companies collectively hold 1,264,867 BTC, about 6.02% of Bitcoin's 21 million maximum supply, per @BTCtreasuries data.
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Which companies hold the most BTC after Strategy?
Twenty One Capital holds 43,514 BTC, Metaplanet 43,000 BTC, MARA Holdings 36,303 BTC, Bitcoin Standard Treasury Company 30,021 BTC, and Bullish 24,300 BTC, rounding out the top five behind Strategy.
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Why does corporate Bitcoin ownership matter for the market?
With ~19.7M of 21M BTC already mined, having ~6% under corporate control materially shrinks the freely tradable float, so any sustained corporate buying tightens supply and amplifies demand shocks on the other side.
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Are non-treasury companies buying Bitcoin too?
Yes. Beyond dedicated treasury vehicles like Strategy and Metaplanet, the list includes listed miners (MARA, Riot), exchanges (Coinbase, Bullish), and even private-equity-tied names like SpaceX (18,712 BTC), showing the allocation thesis is broadening beyond a single category.
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