The landscape of Bitcoin investment among public companies has dramatically changed over the years, with firms like Strategy (formerly MicroStrategy), Tesla, and Coinbase leading the charge. As of August 2025, Strategy stands out, holding a staggering 628,946 BTC, equating to over $73 billion, making up more than 2.8% of the total Bitcoin supply. Following closely is Marathon Digital, with 50,639 BTC valued at nearly $6 billion, and Twenty-One (XXI), projected to hold 43,514 BTC during its upcoming public listing. Other notable holders include Bitcoin Standard Treasury Company with over 30,000 BTC and Riot Platforms, which possesses 19,273 BTC. Meanwhile, companies like CleanSpark and Coinbase continue to increase their reserves, with the latter holding 11,776 BTC at nearly $1.4 billion. Tesla has adapted its approach but maintains 11,509 BTC, approximated at $1.35 billion in value. This shift in institutional interest underscores the evolving perception of Bitcoin from speculative asset to a legitimate reserve option for corporations.

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