One chart shows which listed companies in the world hold the most Bitcoin?

Who holds the most Bitcoin among listed companies?

While Tesla is the most familiar name among the world’s largest corporate buyers, several companies have accumulated more bitcoin, causing their share prices to surge last year. Meanwhile, the vast majority are in North America, with the exception of Japanese video game publisher Nexon.

This chart shows the public companies that own the most Bitcoin based on data from Coingecko.

MicroStrategy Leads the Way

As the world's largest corporate owner of Bitcoin, MicroStrategy holds 174,530 Bitcoins as of February 22, 2024, with an estimated value of $9.1 billion.

The Virginia-based intelligence software company first began buying Bitcoin in 2020 and has since increased its holdings to about 10 times that of the next largest corporate owner. Thanks to the size of its Bitcoin holdings, MicroStrategy's stock price has soared more than 350% in 2023.

As of February 22, 2024, here are the top Bitcoin holders among publicly traded companies worldwide:

Tesla is the fourth largest owner on the list, holding Bitcoin worth $546.7 million.

In 2021, the company announced that it had purchased $1.5 billion in Bitcoin to help boost the company’s profits. It also provided liquidity to customers who could use cryptocurrencies to purchase its products. However, the following year, the company sold most of its Bitcoin holdings during the cryptocurrency crash, suffering heavy losses.

Hut 8 and Hive Blockchain, two Canadian companies, are the largest holders of Bitcoin. Shares of these cryptocurrency mining companies have surged more than 191% and 144%, respectively.

Bitcoin miner CleanSpark has seen its shares rise more than 425% in 2023 on the back of stronger returns. This year, the company announced plans to buy four new facilities to mine Bitcoin. Three of them are located in Mississippi and cost a total of $19.8 million.

As Bitcoin climbs to new all-time highs, corporate interest in Bitcoin is likely to continue to increase along with a wider range of buyers. Newly regulated Bitcoin spot ETFs are also spurring demand, leading to Bitcoin’s market capitalization reaching $1 trillion for the first time since 2021.