With the gaining popularity of blockchain products, cryptocurrency is one major asset in which many popular companies are investing in. Massive names in various industries and looking to harness the powers of cryptocurrency to grow their business to a new scale. With Bitcoin being one of the most popular and trusted cryptocurrencies, companies like Tesla and Microstrategy are looking to hold the Bitcoin asset. In this article, we tell you what you need to know about Bitcoin and the companies that are holding and have invested in the Asset.

What is Bitcoin?

Bitcoin – Open source P2P money is a digital currency that was launched in 2009 and is gaining popularity to act as an alternative to Fiat currencies which are conventional forms of financial assets. This cryptocurrency was launched for the public and was engineered by An anonymous developer with the alias Satoshi Nakamoto. Bitcoin is different from conventional currencies and uses a proof of work consensus, requires mining and is also completely decentralized.

Which companies hold Bitcoin?

  • Many big names are today seeing the scope that Bitcoin holds and are investing in the digital currency. Some of the companies that are investing in Bitcoin and have the token in their portfolio areMicroStrategy Incorporated (Business intelligence company)
  • Galaxy Digital Holdings Ltd.(Capital market company)
  • Tesla, Inc (Automotive Company)
  • Marathon digital holdings; Inc (Digital Asset Technology Company)
  • Coinbase Global, Inc. (Cryptocurrency company)
  • Hut 8 mining corp (Computer application company)
  • Riot Blockchain Inc (Bitcoin mining company)

Let’s have an in-depth look at what the holdings and deals associated with bitcoin in each company are.


MicroStrategy is a platform that provides software technologies and expertise to users who are looking to build, create or innovate high-tech advanced quality experiences and products. Even though MicroStrategy is a company founded over three decades ago, its new initiative since 2021 has been to incorporate and innovate with the changing time which has led the company to become proactive with Bitcoin. MicroStategy has in due course become one of the major holders of Bitcoin and cryptocurrency in general. The company is looking to build a new platform with the aid of Lightning Network to even deepen its hand in Bitcoin. The Founder & Executive Chairman of MicroStrategy has been very open about his personal investments in Bitcoin. Even in the face of the massive crypto crash, MicroStrategy’s stance on Bitcoin hasn’t changed. According to CoinDesk, as of November 2022, the company holds approximately 130,000 bitcoins worth approximately $2.7 billion on its balance sheet.

Galaxy Digital Holdings Ltd.

Founded in 2018 by Michael Novogratz, Galaxy is a digital asset and blockchain-focused company aiming to help ecosystems make the most of their innovative solutions and create a platform that can bring about revolutionary change. The company is the largest holder in the crypto industry of the Bitcoin token. It also provides a platform for innovators to mint Bitcoin. Read more about mining on the platform: Galaxy Mining: Platform for Bitcoin Innovators and Mining Companies. According to Coinglass’s Bitcoin Treasuries in Publicly Traded and Private Companies Galaxy Digital Holdings Ltd. has around 4000 BTC worth $78,967,200.

Tesla Inc

Tesla is an Automotive and clean energy company headed by CEO Elon Musk, who has been known to publicly endorse cryptocurrency. Tesla in 2021 had bought $1.5 billion in bitcoin. However, Tesla hasn’t been very consistent with its developments on Bitcoin. In 2021, just two months after announcing crypto payment to be implemented in Tesla, the company announced that the idea won’t be initiated owing to the environmental unsustainably of Mining. After the sale of almost 75% of its BTC in July of 2022, Tesla now has 10,800 BTC valued at $213,211,440.

Marathon Digital Holdings

Marathon Digital Holdings is a technology company that handles the mining of virtual assets, specifically crypto. In a press release dated November 2, 2022, the company announced that their Total Bitcoin Holdings Increased to 11,285 BTC with a fair market value of $231.3 Million. Marath Digital Holdings is focusing on strengthening its position and improving the sustainable mining of bitcoin.

Coinbase Global, Inc.

Coinbase is a very popular cryptocurrency exchange platform. It has over 8.9 verified customer users and can also be downloaded as an app for Android or iOS. With the initial announcement in the early months of 2021 of direct listing on the Nasdaq, the balance sheets of Coinbase showed $230 million in Bitcoin. According to BuyBitcoinWorldwide, the company now has approximately 9,000 BTC worth $148,411,530.

Hut 8 Mining Corp

Hut 8 Mining is a computer application company that assists developers in enhancing the digital economy. Hut 8 Mining has $143,250,107 of BTC, Which is around 8,687 tokens. Formed in 2018, the company has come far and now allows several features like digital assets mining, high performance computing, mining repair, etc.

Riot Blockchain, Inc.

Riot Blockchain, Inc. is a platform that focuses on bitcoin expansion and mining. Currently, they have 65,516 miners associated with them and a hash rate of 6.9 exahashes per second. As of now, the economy has $112,545,410 worth of Bitcoin which is around 6,825 BTC tokens. Riot is a U.S based firm with Jason Les as Chief Executive Officer, Colin Yee as Chief Financial Officer and Chad Everett Harris acting as the Executive Vice President, and Chief Commercial Officer. They aim at growing the Bitcoin network specifically and taking it to new heights.