Public companies are increasingly holding significant Bitcoin reserves, defying previous skepticism regarding the cryptocurrency's volatility. As of August 2025, these companies collectively own about 4.5% of the total 21 million Bitcoin supply. Notable holders include Strategy (formerly MicroStrategy), which has amassed 628,946 BTC worth over $73 billion, marking a strategic pivot from software to cryptocurrency. Other major players are Marathon Digital, Twenty-One, and Riot Platforms, with notable holdings of over 50,000 BTC, 43,514 BTC, and 19,273 BTC respectively. For instance, Marathon reported $6 billion in Bitcoin reserves, while Twenty-One is preparing for a public listing with a treasury worth over $5 billion. Meanwhile, Tesla holds 11,509 BTC, worth approximately $1.35 billion, having made significant purchases to enhance liquidity. These firms reflect a growing institutional interest in Bitcoin, as they leverage this digital asset for financial strategy and growth, signaling a shift in corporate treasury practices.

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