Top 85 Firms Hold Over 800K BTC as U.S. Lead Global Bitcoin Holdings

A recent chart from HODL15Capital reveals that the top 85 companies worldwide collectively hold more than 800,000 Bitcoin (BTC), representing over 3.8% of Bitcoin’s total supply of 21 million coins. The top 85 companies span a range of industries, from crypto mining to traditional tech and finance.

Updated on May 19, 2025, the chart reveals a clear trend: U.S. companies hold an overwhelming lead in Bitcoin accumulation. Of the 800,056 BTC collectively held by these 85 firms, U.S. companies account for 763,736 BTC, representing 95.46%.

Top Holders and Industry Breakdown

Leading the list is MicroStrategy (MSTR), a U.S.-based business intelligence firm renowned for its consistent and aggressive Bitcoin accumulation strategy, with 576,230 BTC, valued at approximately $61.4 billion at Bitcoin’s current price of $106,560. Marathon Digital (MARA), a U.S. crypto mining company, follows with 48,237 BTC, while another U.S. crypto mining company Riot Platforms (RIOT) holds 19,211 BTC. Other notable U.S. firms include Tesla (TSLA), an electric vehicle manufacturer, with 11,509 BTC, and Block (SQ), a fintech company, with 8,584 BTC.

The list also includes companies from 13 other countries and regions. Japan’s Metaplanet (3350) holds 7,800 BTC, making it the largest non-U.S. corporate Bitcoin holder. Germany’s Bitcoin Group SE (BTGFF) has 3,605 BTC, while Hong Kong-based Boyaa (0434.HK) owns 3,350 BTC, and China’s Cango (CANG) holds 3,181 BTC.

The companies span a wide range of sectors:

• Crypto Mining and Investment Firms: Marathon Digital, Riot Platforms, CleanSpark (CLSK, 12,840 BTC), and Bitdeer (BTDR, 1,285 BTC) focus on mining operations, accumulating Bitcoin as a core strategy.

• Technology and Internet Companies: Tesla and Block reflect tech giants’ growing interest in Bitcoin as a treasury asset.

• Traditional Finance: Firms like Virtu Financial (VIRT, 235 BTC) and Thailand’s Brooker Group (BROOK, 1,150 BTC) demonstrate traditional finance’s increasing involvement in crypto.

• Industrial and Other Sectors: Japan’s Metaplanet, a company engaged in hotel operations, holds 7,800 BTC. Semler Scientific (SMLR, 3,808 BTC), a U.S. healthcare firm, also features on the list. South Korea’s Wemade (112040.KQ, 223 BTC), a game developer, joins other diverse sectors like retail e-commerce (e.g., Mercadolibre, MELI, 570 BTC) and environmental monitoring (e.g., Winland Holdings, WELX, 77 BTC).

This diversity highlights Bitcoin’s broadening appeal as a corporate asset across both crypto-native and traditional industries.

U.S. Dominance and Its Implications

Of the top 85 companies, 45 are based in the United States, collectively holding 763,736 BTC—approximately 95.46% of the total Bitcoin on the list.

This dominance reflects several key factors. The U.S. offers a mature financial ecosystem, enabling companies like MicroStrategy to raise capital through debt offerings to buy Bitcoin. MicroStrategy’s CEO, Michael Saylor, has been a vocal proponent, describing Bitcoin as a hedge against inflation. Additionally, since President Trump took office, the U.S. government has shifted toward a more crypto-friendly regulatory environment. The new SEC Chair, Paul Atkins, is also a known crypto advocate. Various U.S. states are gradually considering the introduction of Bitcoin reserve bills.

This concentration gives the U.S. significant influence in the cryptocurrency industry. It also indicates that cryptocurrencies, represented by Bitcoin, have gained widespread recognition and adoption across various U.S. sectors. In the future, cryptocurrencies may leverage the U.S.’s dynamic economy and strong global influence to achieve broader global adoption. However, this also raises concerns about market stability—cryptocurrency markets, including Bitcoin, may become heavily impacted by changes in U.S. policy or economic conditions.

Global Landscape and Challenges

While the U.S. dominates, other regions contribute to the global landscape. Japan’s Metaplanet, with its 7,800 BTC, has adopted a Strategy-inspired strategy, reflecting growing interest in Asia. Hong Kong and China also feature, though regulatory constraints in China may limit further growth. The remaining companies hail from countries like Canada, Germany, Thailand, and Malta, but their combined holdings are a fraction of the U.S. total.

The accumulation of 800,056 BTC, worth over $76 billion, among these 85 firms highlights Bitcoin’s maturing role in corporate finance. Regulatory risks remain a concern, particularly in the U.S., where the market is still awaiting clear cryptocurrency regulatory legislation. Furthermore, the concentration of holdings in one country could expose the market to geopolitical risks, such as shifts in U.S. monetary policy. As a key player shaping the future trajectory of cryptocurrencies, the U.S.’s macroeconomic policies and economic developments will continue to significantly influence the crypto industry.