Public companies are increasingly purchasing Bitcoin as part of their corporate reserves, with numerous firms amassing significant holdings. As of August 2025, leading the ranks is Strategy (formerly MicroStrategy), holding 628,946 BTC worth over $73 billion. Following closely is Marathon Digital Holdings with 50,639 BTC, and upcoming firms like Twenty-One expect to hold around 43,514 BTC upon going public. Notable mentions also include Riot Platforms with 19,273 BTC and Metaplanet boasting 18,113 BTC in their treasuries. Trump Media & Technology Group holds roughly 15,000 BTC following a substantial purchase earlier in the year. CleanSpark, Coinbase, and Tesla round out the list with holdings of 12,703 BTC, 11,776 BTC, and 11,509 BTC respectively. These companies represent a shift in institutional adoption of Bitcoin, with a growing acceptance of it as a legitimate financial asset and reserve currency.

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