Publicly traded companies have increasingly turned to Bitcoin as part of their corporate treasuries. As of August 2025, the leading holder is Strategy, formerly MicroStrategy, with 628,946 BTC valued at over $73 billion. Other significant Bitcoin holders include Marathon Digital Holdings with 50,639 BTC, and Twenty-One, expected to hold 43,514 BTC upon its public trading. Bitcoin Standard Treasury Company plans to debut with over 30,021 BTC. Riot Platforms, Metaplanet, and Trump Media & Technology Group also feature prominently, holding between 15,000 and 19,273 BTC. CleanSpark and Coinbase hold 12,703 BTC and 11,776 BTC respectively, while Tesla has 11,509 BTC in its treasury. These firms reflect a shift in perception among traditional businesses, recognizing Bitcoin's potential as a digital asset and a hedge against inflation, with Strategy's aggressive buying strategy particularly influencing the market.

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