Public financial companies are significantly adopting Bitcoin ($BTC), with 1,201,521 $BTC (nearly $79.02B) in total holdings of the top 151 firms. This marks a notable landmark in the inclusion of digital assets within conventional finance, as Bitcoin dominates 5.72% of public companies’ holdings.
As per the data from Phoenix Group, Strategy, Twenty One Capital, and Marathon Digital Holdings are the top public entities in line with Bitcoin ($BTC) holdings. Additionally, the other names on the list include Metaplanet, Bullish, Strive, Galaxy Digital Holdings, Hut 8 Corp, Riot Platforms, and Coinbase.
Strategy ($MSTR) Dominates Public Companies in Terms of Bitcoin Holdings with $55.49B
The top name on the list of prominent public companies based on Bitcoin ($BTC) holdings is Strategy ($MSTR). The company accounts for up to 843,775 $BTC, denoting $55.49B in total value. After that, Twenty One Capital ($XXI) has become the 2nd biggest platform among the public platforms. Specifically, it has a total of 37,229 $BTC, equaling $2.45B.
Apart from that, Marathon Digital Holdings ($MARA) is the 3rd top public company when it comes to Bitcoin ($BTC) holdings. Thus, it has a cumulative amount of nearly 35,303 $BTC, accounting for $2.32B. In addition to this, Metaplanet ($3350) is another notable name on the list, occupying 35,102 $BTC (almost $2.31B).
Galaxy Digital Holdings ($GLXY), Hut 8 Corp ($HUT), Riot Platforms ($RIOT), and Coinbase ($COIN) Bottom List
Bullish ($BLSH) is another renowned public entity when it comes to Bitcoin ($BTC) holdings. Particularly, it has a total of 24,340 $BTC in its Bitcoin holdings, reaching $1.60B. Then comes Strive ($ASST), which has 19,864 $BTC. This figure is reportedly equivalent to $1.31B. Additionally, Galaxy Digital Holdings ($GLXY) holds 17,102 $BTC in its holdings, hitting $1.12B.
According to Phoenix Group, the next public company on the list is Hut 8 Corp ($HUT). Its overall Bitcoin holdings include 15,679 $BTC (nearly $1.03B). Moving on, the 9th top public firm in terms of Bitcoin ($BTC) holdings is Riot Platforms ($RIOT) with 15, 679 $BTC, reaching $1.03B. Ultimately, Coinbase ($COIN) concludes the list with its Bitcoin holdings reaching 14,458 ($950.86M).