Top 10 Bitcoin holders
As of May 2025, the largest known Bitcoin holders include a mix of private individuals, corporations, and governments. Here are the top ten corporate holders:
Powered by: bitcointreasuries.net.
Satoshi Nakamoto (for context): Approximately 1.1 million BTC
Microstrategy (now Strategy): 568,840 BTC
MARA Holdings Inc: 48,237 BTC
XXI: 31,500 BTC
Riot Platforms Inc: 19,211 BTC
Galaxy Digital Holdings Ltd: 12,830 BTC
CleanSpark Inc: 12,101 BTC
Tesla, Inc: 11,509 BTC
Hut 8 Mining Corp: 10,273 BTC
Coinbase Global, Inc: 9,267 BTC
These holdings reflect a diverse range of entities recognizing Bitcoin's potential as a store of value and hedge against inflation.
Motivations for holding Bitcoin as a treasury asset
Inflation hedge
With central banks worldwide engaging in expansive monetary policies, concerns about currency devaluation have intensified. Bitcoin's fixed supply of 21 million coins offers a deflationary alternative, making it an attractive hedge against inflation.
Diversification
Traditional treasury assets like bonds and fiat currencies are subject to market and geopolitical risks. Bitcoin provides diversification, reducing reliance on any single asset class and potentially enhancing risk-adjusted returns.
Liquidity and accessibility
Bitcoin markets operate 24/7, offering unparalleled liquidity compared to traditional financial markets. This constant availability allows treasuries to respond swiftly to market changes.
Technological alignment
For tech-forward companies, holding Bitcoin aligns with their innovative ethos. It signals a commitment to embracing emerging technologies and can enhance brand perception among forward-thinking stakeholders.
The broader implications
The increasing adoption of Bitcoin by major entities underscores a shift in how value is stored and perceived. As more institutions integrate Bitcoin into their treasuries, it not only validates the cryptocurrency's legitimacy but also paves the way for broader acceptance and integration into the global financial system. For individuals and smaller entities, this trend offers a signal to re-evaluate traditional financial strategies and consider the role of digital assets in wealth preservation and growth.