7 Companies That Hold Bitcoin (BTC) on Their Balance Sheets
Once regarded primarily as a speculative asset, bitcoin is now being held by a number of prominent companies, including Samara Asset Group, Strategy, Marathon Digital Holdings, Galaxy Digital Holdings, Riot Platforms, Tesla, and Block, as part of a broader strategy to diversify asset portfolios.
This development reflects a significant shift in corporate treasury management practices as organizations reexamine traditional cash reserves and explore digital assets as an alternative store of value.
In this blog, we will look at seven companies that have included bitcoin in their balance sheets.
Samara Asset Group
Samara Asset Group (SRAG) is an innovation-driven company on a mission to democratize investment opportunities for investors through its portfolio of investments in leading global bitcoin and digital asset infrastructure companies.
The firm makes traditionally exclusive investment opportunities in sectors like Bitcoin infrastructure more widely available through democratized listed shares.
By holding bitcoin, Samara creates alignment with its broader investment philosophy of supporting companies that enhance bitcoin adoption, infrastructure development, and application creation from mining operations to blockchain-based financial innovations.
Samara currently holds 520 BTC.
Strategy (formerly MicroStrategy)
Strategy, a leading business analytics platform turned Bitcoin treasury firm, has made BTC its primary reserve asset. Formerly known as MicroStrategy, the company rebranded in February 2025.
The company has been on an ambitious bitcoin buying streak, acquiring BTC worth millions of dollars based on the view that bitcoin offers a superior store of value compared to cash, particularly in an inflationary environment, and can serve as a hedge against currency devaluation.
As of February 2025, it holds 478,740 BTC in reserves, valued at over $46 billion and representing more than 2% of the total bitcoin supply.
Tesla
Tesla is a globally recognized leader in electric vehicles and clean energy solutions. In early 2021, Tesla made headlines by investing approximately $1.5 billion in bitcoin.
The company acquired bitcoin to diversify its treasury holdings and explore alternative asset classes that might better preserve value over time.
Although Tesla later reduced its exposure and discontinued bitcoin payments the investment remains a notable part of its balance sheet. Whether Tesla will expand its balance sheet remains uncertain, although Musk has indicated that he is open to increasing its bitcoin holdings in the future.
Block, Inc.
Block, Inc. is an American financial services and technology company that initially gained prominence through its Square point-of-sale system and later expanded its ecosystem with the Cash App.
With a significant customer base and a robust presence in digital payments, Block has incorporated Bitcoin into its corporate treasury as both an investment and a strategic component of its financial product suite. The firm has demonstrated a commitment to Bitcoin technology development and currently holds 8,038 BTC.
Marathon Digital Holdings
Marathon Digital Holdings, a bitcoin mining company, maintains a substantial bitcoin portfolio of 45,659 BTC as of January 2025.
The company's strategic focus is to establish the largest bitcoin mining operation in North America while maintaining competitive energy costs. Prior to entering the cryptocurrency sector, Marathon Digital operated as a patent holding company, often characterized as a "patent troll."
In response to the 2024 Bitcoin halving event, which reduced mining rewards by 50% per block, Marathon Digital announced plans to accelerate its expansion initiatives. The company has specifically stated its intention to double its mining capacity.
Galaxy Digital Holdings
Galaxy Digital Holdings operates as a crypto-focused merchant bank, providing asset management and digital infrastructure services designed for institutional clients seeking exposure to digital assets, including bitcoin.
Driven by a belief that bitcoin can serve as a reliable store of value over the long term while complementing its suite of crypto services. Galaxy Digital Holdings maintains a bitcoin portfolio of approximately 11,242 BTC as reported in its November 2024 investor release, based on the company's bitcoin holdings.
Riot Platforms
Riot Platforms is another significant U.S. bitcoin mining company that has transitioned to actively incorporating bitcoin into its treasury strategy. In order to capitalize on bitcoin’s potential serving as both a byproduct of its mining operations and a strategic reserve asset.
The company experienced significant growth between 2020 and 2021, with its market valuation increasing from under $200 million to over $6 billion during this period. The company continued its expansion efforts throughout 2022 before undergoing a strategic rebranding to Riot Platforms in 2023, aimed at diversifying its business operations.
The mining company currently maintains a bitcoin reserve of 18,221 BTC, representing a key component of its asset portfolio.
Final Thoughts
As bitcoin continues to gain mainstream recognition, corporate adoption represents a significant evolution in its journey from speculative asset to institutional treasury reserve. The companies highlighted demonstrate the various strategic approaches organizations are taking to incorporate bitcoin into their balance sheets.
The significant bitcoin holdings maintained by these companies, collectively worth billions of dollars, underscore the substantial financial commitment these organizations have made to bitcoin.
