Public companies are increasing their bet on Bitcoin ($BTC), the flagship crypto asset. Thus, the cumulative $BTC holdings of the public companies have reached the $117B mark, and Strategy is the top among them. As per the data from Phoenix Group, a popular crypto data and analytics firm, this aggressive $BTC accumulation among public companies indicates the rising institutional confidence in the top cryptocurrency’s long-term potential. Hence, amid the continuous evolution of the crypto market, these growing $BTC holdings indicate a comprehensive integration between the decentralized world of digital assets and legacy finance.
Strategy Dominates Public Companies in Terms of Bitcoin Holdings with Staggering 977,818 $BTC
Based on the market data, out of the cumulative Bitcoin ($BTC) holdings of 977,818 $BTC ($117.50B) among total 153 public companies, Strategy ($MSTR) accounts for 52,477 $BTC. This figure reportedly equals $76.91B mark in terms of value. Subsequently, Marathon Digital Holdings ($MARA) has raised its Bitcoin holdings to 52,477 $BTC, noting $6.31B, claiming the 2nd position among the public entities.
After that, the 3rd place is occupied by Twenty One Capital ($XXI). Hence, the company’s Bitcoin ($BTC) holdings currently stand at the 37,229 $BTC spot. This equals a value of almost $4.47B. Additionally, Bullish ($BLSH) has also remained effective in making place on the list. As a result, it now possesses 24,340 $BTC, equaling $2.92B.
Similarly, Metaplanet is another top public company when it comes to Bitcoin holdings. Hence, it now owns 20,136 $BTC in its total $BTC holdings, making a value of nearly $2.42B. In the same vein, the next name is Riot Platforms ($RIOT), accounting for 19,309 $BTC ($2.32B) in Bitcoin holdings.
Coinbase Global Inc. Bottoms List of Top Public Firms Based on Bitcoin Holdings
According to Phoenix Group’s list of top public companies based on Bitcoin holdings ($BTC), Galaxy Digital Holdings ($BRPHF) is the 7th key player. Therefore, it has 17,102 $BTC in its possession, denoting $2.06B. Following that, Cleanspark’s ($CLSK) Bitcoin holdings include 12,827 $BTC, approximately $1.54B. Additionally, Bitcoin Group Se’s ($BTGGF) 12,387 $BTC, equaling $1.49B, positions it in the 9th place. Ultimately, Coinbase Global lnc. ($COIN) has $1.42B in Bitcoin holdings, accounting for 11,776 $BTC.
