Draft:Bitcoin treasury companies
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Bitcoin treasury companies are public or private entities that strategically hold Bitcoin as a significant portion of their corporate treasury reserves.[1] This approach contrasts with traditional corporate treasury management, which typically focuses on holding cash, bonds, or other low-risk, highly liquid assets. Companies adopt a Bitcoin treasury strategy for various reasons, including:
- Inflation hedge: To protect against the devaluation of fiat currencies.
- Asset diversification: To introduce a non-correlated asset to their balance sheet.
- Investment opportunity: To capitalize on potential price appreciation of Bitcoin.
- Attracting investor interest: To appeal to investors bullish on the cryptocurrency space.
- Corporate philosophy: Alignment with Bitcoin's decentralized principles.
The trend of companies adding Bitcoin to their treasuries gained significant momentum starting in 2020, with several high-profile public companies making substantial allocations.[2]
Overview and background
[edit]Traditionally, corporate treasuries focus on preserving capital, maintaining liquidity, and optimizing returns through investments in conventional financial instruments. The decision to hold Bitcoin represents a significant departure from this conservative approach, introducing a higher degree of volatility but also the potential for substantial returns.
The pioneering move by companies like MicroStrategy in 2020 to adopt Bitcoin as a primary treasury reserve asset encouraged other firms, both within and outside the cryptocurrency industry, to re-evaluate their own treasury strategies. This shift reflects a growing institutional acceptance of Bitcoin as a legitimate store of value and a viable asset class.
Notable bitcoin treasury companies
[edit]The following is a non-exhaustive list of prominent public companies known for holding Bitcoin in their treasuries. The exact holdings can fluctuate due to ongoing operations (e.g., Bitcoin miners accumulating more Bitcoin) or strategic decisions (e.g., buying or selling Bitcoin).[3][4]
| Company | Ticker (Exchange) | Primary Industry | Notes |
|---|---|---|---|
| MicroStrategy | MSTR:NASDAQ | Business Intelligence | The largest corporate holder of Bitcoin, with a stated strategy of acquiring and holding Bitcoin as its primary treasury reserve asset. Its CEO, Michael Saylor, is a vocal proponent of Bitcoin. |
| Marathon Digital Holdings | MARA:NASDAQ | Bitcoin Mining | A leading Bitcoin mining company that accumulates Bitcoin through its mining operations. |
| Riot Platforms | RIOT:NASDAQ | Bitcoin Mining | Another major Bitcoin mining company based in the United States, also accumulating Bitcoin through its operations. |
| Galaxy Digital Holdings | GLXY:NASDAQ | Financial Services | A diversified financial services and investment management company focused on digital assets. |
| CleanSpark | CLSK:NASDAQ | Bitcoin Mining | A publicly traded Bitcoin mining company. |
| Metaplanet Inc. | 3350:TYO | Investment/Consulting | A Japanese company that has recently adopted a Bitcoin treasury strategy, aiming to become a "Bitcoin company." |
| Tesla, Inc. | TSLA:NASDAQ | Electric Vehicles | The automotive and clean energy company made a significant investment in Bitcoin in 2021, though its holdings have seen some adjustments over time. |
| Hut 8 Mining Corp | HUT:NASDAQ | Bitcoin Mining | A Canadian Bitcoin mining and infrastructure company. |
| Coinbase Global, Inc. | COIN:NASDAQ | Cryptocurrency Exchange | As a major cryptocurrency exchange, Coinbase naturally holds substantial amounts of Bitcoin as part of its operational reserves and direct investments. |
| Block, Inc. (formerly Square) | XYZ:NYSE | Fintech | The financial technology company, led by Jack Dorsey, holds Bitcoin on its balance sheet and has invested in Bitcoin-related initiatives. |
| Semler Scientific | SMLR:NASDAQ | Healthcare Technology | A medical device company that has notably diversified its treasury reserves into Bitcoin, citing it as an inflation hedge and an investment. |
| Bitcoin Group SE | ADE:ETR | Venture Capital | A German venture capital firm specializing in blockchain and cryptocurrency companies, holding Bitcoin as part of its treasury. |
| Boyaa Interactive International Limited | 0434:HKG | Online Gaming | A global online game developer and operator based in Hong Kong that has added Bitcoin to its treasury. |
| GameStop | GME:NYSE | Retail | The video game retailer has indicated plans and has begun to incorporate Bitcoin into its treasury reserves. |
| The Blockchain Group | ALTBG:EPA | Financial Services | A French company that has initiated a "Bitcoin Treasury Company" strategy, aiming to increase its Bitcoin per share over time. |
See also
[edit]- Bitcoin
- Bitcoin and politics
- Bitcoin in El Salvador
- Bitcoin Law
- Economics of bitcoin
- Environmental impact of bitcoin
- History of bitcoin
- List of Bitcoin companies
- Strategic bitcoin reserve (United States)
References
[edit]- ^ "Top Public Bitcoin Treasury Companies". bitcointreasuries.net. Retrieved June 27, 2025.
- ^ "Public Companies that Own Bitcoin". bitbo.io. Retrieved June 27, 2025.
- ^ "Bitcoin Holdings by Public Companies". coingecko.com. Retrieved June 27, 2025.
- ^ "Bitcoin Treasuries". coinglass.com. Retrieved June 27, 2025.