Which company holds the most Bitcoin?

Strategy (MSTR) is the largest corporate Bitcoin holder with 848,517 BTC as of 2026-10-19, followed by Metaplanet (44,000 BTC) and Twenty One (43,514 BTC).

How much Bitcoin do public companies hold in total?

The top 10 public companies hold approximately 1,096,416 BTC combined, led by Strategy with roughly 77% of that total.

Who holds more Bitcoin than corporations?

Exchange custodians and ETFs hold more than most corporates: Coinbase custody and BlackRock's IBIT each custody more BTC than every corporate except Strategy.

Holdings as of 2026-10-01 · BTC price as of Oct 23, 2026, 8:38 AM PT

Bitcoin treasury companies — who holds the most BTC

The top 10 public companies hold 1,096,416 BTC (~$89.3B at $81,437 per BTC, as of Oct 23, 2026, 8:38 AM PT). Holdings are updated monthly from filings and disclosures; USD values are recalculated on every deploy.

Top 10 public corporates

#	Entity	BTC held	USD value	1-mo Δ	12-mo Δ
1	Strategy MSTR	848,517	$69.1B	+3,467 (+0.4%)	+207,709 (+32.4%)
2	Metaplanet MPJPY	44,000	$3.6B	+0 (+0.0%)	+18,200 (+70.5%)
3	Twenty One XXI	43,514	$3.5B	+0 (+0.0%)	+8,314 (+23.6%)
4	MARA Holdings MARA	35,577	$2.9B	+0 (+0.0%)	−14,323 (−28.7%)
5	Bitcoin Std BSTR	30,021	$2.4B	+0 (+0.0%)	+8,021 (+36.5%)
6	Strive ASST	28,000	$2.3B	+0 (+0.0%)	+23,000 (+460.0%)
7	Bullish BLSH	24,400	$2B	+0 (+0.0%)	+3,600 (+17.3%)
8	Coinbase COIN	17,311	$1.4B	+0 (+0.0%)	+4,111 (+31.1%)
9	Hut 8 HUT	13,696	$1.1B	+0 (+0.0%)	+1,496 (+12.3%)
10	Riot Platforms RIOT	11,380	$0.9B	+0 (+0.0%)	−6,020 (−34.6%)

Holdings data as of 2026-10-01 (Strategy: 2026-10-19, from its own tracker) · trailing 13 monthly snapshots (Oct 2025 → Oct 2026) · 1-mo Δ compares the two latest monthly snapshots, except Strategy's, which is the trailing 30 days from its 8-K filings (2026-09-19 → 2026-10-19) · sourced from 8-K filings, sponsor disclosures, and bitcointreasuries.net. Click a company for its full history.

Top 10 across all entity types

Corporates are only part of the picture — exchanges, ETFs, and governments custody far more. Excludes Satoshi Nakamoto's ~1.1M dormant BTC.

#	Entity	BTC held	USD value	1-mo Δ	12-mo Δ
1	Coinbase (custody) Exchange	968,000	$78.8B	+0 (+0.0%)	+123,000 (+14.6%)
2	Strategy Corporate	848,517	$69.1B	+3,467 (+0.4%)	+207,709 (+32.4%)
3	BlackRock IBIT ETF	801,033	$65.2B	+21,193 (+2.7%)	+56,033 (+7.5%)
4	Binance Exchange	638,000	$52B	+0 (+0.0%)	+38,000 (+6.3%)
5	Fidelity custody ETF/Custody	456,000	$37.1B	+0 (+0.0%)	+61,000 (+15.4%)
6	US Government Government	328,372	$26.7B	+0 (+0.0%)	+83,372 (+34.0%)
7	Block.one Private	164,000	$13.4B	+0 (+0.0%)	+0 (+0.0%)
8	Grayscale GBTC ETF	126,988	$10.3B	−3,499 (−2.7%)	−68,012 (−34.9%)
9	Tether Stablecoin	98,933	$8.1B	+0 (+0.0%)	+9,433 (+10.5%)
10	ARK 21Shares ARKB ETF	34,578	$2.8B	+621 (+1.8%)	−26,422 (−43.3%)

Government and exchange figures are on-chain estimates (Arkham et al.) and may carry ±5-10% uncertainty.

How to compare these companies

Headline BTC counts mislead. What matters per share: BTC per share, mNAV, and funding model. A company holding 40k BTC at 1.1x mNAV can be a better deal than one holding 800k at 2x. For Strategy specifically, see the live MSTR mNAV reading.

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Generated at build time; BTC price as of Oct 23, 2026, 8:38 AM PT. Holdings refreshed monthly. Educational information only — not investment advice.

Sources & provenance

Published 2026-06-09 · last substantive update 2026-10-23. Dates advance only when the underlying figures change, not on every deploy. Written and maintained by the BTC Exposure editorial team. Corrections: use the Feedback form on the dashboard.

Full formulas, update cadence, and known limitations: methodology & data sources.