1. Top 10 listed companies
According to Coingecko's data on public companies around the world that purchase Bitcoin as part of their finances, here are the 10 public companies with the most Bitcoin, in descending order of holdings:
1、MicroStrategy
MicroStrategy (MSTR) is an American company specializing in business intelligence and data analytics. Founded in 1989 by Michael J. Saylor, the company provides software solutions designed to help companies make data-driven decisions.
MicroStrategy Inc. currently holds 158,245 BTC, with an initial total value of $4.68 billion, accounting for 0.754% of the Bitcoin supply. Their current market capitalization is approximately $4.35 billion. MicroStrategy’s average BTC purchase price is approximately $29,556 per Bitcoin.
2、Marathon Digital Holdings, Inc
Marathon Digital Holdings, Inc (MARA) is a digital asset technology company focusing on cryptocurrency mining and blockchain ecosystem. The company was established on February 23, 2010 and is headquartered in Las Vegas, USA. Fred Thiel has served as Chief Executive Officer since April 26, 2021.
Marathon Digital Holdings currently holds 13,286 BTC, originally acquired for nearly $1.9 billion, accounting for 0.063% of Bitcoin issuance. Their Bitcoin portfolio is currently valued at $3.65 billion. Marathon Digital Holdings’ average BTC purchase is approximately $14.247 per Bitcoin.
3、Galaxy Digital Holdings
Galaxy Digital Holdings (GLXY) is a financial services company focused on cryptocurrency and blockchain technology. Founded by former hedge fund manager Michael Novogratz, the company operates in various areas of the digital asset industry, including trading, asset management, investment banking and mining.
Galaxy Digital Holdings currently holds 12,545 BTC, equivalent to 0.06% of the Bitcoin supply. Although there is no data on the initial purchase cost, the current value of their Bitcoin portfolio is estimated at $3.45 billion.
4. Tesla Inc.
Tesla Inc. (TSLA) is an American company specializing in electric vehicles, solar energy, and energy storage solutions. Founded in 2003 by Elon Musk, JB Straubel, Martin Eberhard, Mark Tarpenning and Ian Wright, Tesla has played a major role in popularizing electric vehicles.
Tesla, Inc. currently owns 10,500 BTC, originally acquired for $336 million, representing 0.05% of the Bitcoin supply. Their Bitcoin portfolio is currently valued at approximately $2.9 billion. Tesla Inc. buys BTC at an average price of about $32,000 per Bitcoin.
5、Coinbase Global, Inc.
Coinbase Global (COIN) is a leading online digital currency wallet and cryptocurrency trading platform. Founded in May 2012 by Brian Armstrong and Fred Ehrsam, Coinbase has become one of the world's leading cryptocurrency exchanges.
Coinbase Global, Inc. currently stores 9,182 BTC with an initial total value of $2.1 billion, accounting for 0.044% of the Bitcoin supply. Their Bitcoin portfolio is currently valued at $2.5 billion. The average BTC purchase volume at Coinbase Global, Inc. is approximately $22,609 per Bitcoin.
6、Hut 8 Mining Corp
Hut 8 Mining Corp (HUT) is a Canadian technology company favored by blockchain and Web 3.0 technologies that specializes in cryptocurrency mining, specifically Bitcoin.
Hut 8 Mining Corp currently holds 8,289 BTC, accounting for 0.039% of the total Bitcoin supply. There is no information on the initial purchase cost, but the current value of its Bitcoin portfolio is estimated at $2.3 billion.
7、Block Inc
Block Inc (SQ) is an American company specializing in mobile payments and electronic financial transactions. The company is headquartered in San Francisco. Founded in February 2009 by Jack Dorsey and Jim McKelvey, Block Inc. has transformed and expanded its offering into a variety of financial services and products.
Block Inc. currently holds 8,027 BTC with an initial total value of $220 million. This holding represents 0.038% of Bitcoin issuance. Their Bitcoin portfolio is currently valued at $2.2 billion. Block Inc.’s average BTC purchase volume is approximately $27,416 per Bitcoin.
8、Riot Platforms, Inc.
Riot Platforms, Inc (RIOT) is a Bitcoin mining company that actively supports the Bitcoin blockchain and has a large and rapidly growing presence in the United States.
RIOT Platforms, Inc. currently holds 7265 BTC, accounting for 0.035% of the Bitcoin supply. Although initial purchase cost data is lacking, the current value of their Bitcoin portfolio is estimated at $2 billion.
9、 Hive Blockchain
Hive Blockchain (HIVE) is a Canadian company specializing in blockchain and cryptocurrency technology. Its main focus is on mining cryptocurrencies such as Bitcoin and Ethereum.
Hive Blockchain currently holds 2,332 BTC, equivalent to 0.011% of the Bitcoin supply. Although there is no initial purchase cost data, the current value of their Bitcoin portfolio is estimated at $640 million.
10、Nexon Co Ltd
Nexon Co Ltd (3659) is a South Korean company specializing in video game creation. The company was founded in Seoul in 1994 and is known for developing hit games like Combat Arms and Counter-Strike Online. The company is headquartered in Tokyo, Japan.
NEXON Co Ltd currently holds 1,717 BTC and was originally acquired for approximately $1 billion. This holding represents 0.008% of the Bitcoin supply. Their Bitcoin portfolio is currently valued at $480 million. NEXON Co Ltd’s average Bitcoin purchase is approximately $58,277.
2. Conclusion
First, it's worth noting that these companies' Bitcoin holdings may change over time, depending on their investment strategies and business activities.
Second, this research from Coingecko provides relevant insights into the cryptocurrency market and its increasing integration into the global traditional economy. Additionally, the data helps boost investor confidence by revealing the movements of important players in the market. Furthermore, the report can be used as a useful indicator as it reflects some of the adoption of cryptocurrencies in the business world.
Ultimately, this information can serve as a model to encourage other companies to consider Bitcoin as a viable store of value.