As Bitcoin gains institutional acceptance, public companies are amassing significant holdings of the cryptocurrency. Leading the charge is Strategy (formerly MicroStrategy), which holds 628,946 BTC, valued at over $73 billion. Other notable entities include Marathon Digital Holdings with 50,639 BTC, Twenty-One (XXI) expecting to hold 43,514 BTC upon public trading, and Bitcoin Standard Treasury Company, set to launch with over 30,000 BTC. Riot Platforms and CleanSpark also maintain considerable reserves, holding 19,273 BTC and 12,703 BTC, respectively. Coinbase, the prominent crypto exchange, added 11,776 BTC to its balance sheet, while Tesla holds 11,509 BTC as part of its strategy to incorporate Bitcoin into its financials. As these firms race to accumulate Bitcoin, they not only shape corporate treasury models but also impact the cryptocurrency market at large, with public companies holding nearly 4.5% of the total Bitcoin supply.

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