Latest Bitcoin Treasury News

"NO LEVERS LEFT TO PULL" | A Former Credit Suisse Risk Officer on Bitcoin, Debt, and Digital Credit

Mark Connors spent 40 years in finance, from Salomon Brothers in 1986 to Global Head of Portfolio and Risk at Credit Suisse. Today through Risk Dimensions, he helps TradFi allocators think through Bitcoin. His conclusion after four decades: the debt treadmill never stops, and Bitcoin is the only terra firma left.

North America: Publicly Traded Bitcoin Treasury Companies

Track publicly traded companies holding Bitcoin on their balance sheets, ranked by BTC holdings.

BTC Held by Public Companies

1.150M

$88.95B

Number of Public Companies

BTC Price

$77,366

Asset Dominance

95.6%

BTC 95.6% ETH 3.7% SOL .42% BNB .12% XRP .16%

North America: Public Companies Ranked by Bitcoin Holdings

#	Name
1	🇺🇸	Strategy MSTR	₿ 843,738	$65,276M	$55,776M	$,*M	.*******	$,*M	.*x	.**	**.%	4.018%
2	🇺🇸	Twenty One Capital XXI	₿ 43,514	$3,366M	$2,701M	$,**M	.*******	—	—	.**	**.%	0.207%
3	🇺🇸	MARA Holdings, Inc. MARA	₿ 35,303	$2,731M	$5,211M	$,**M	.*******	—	—	.**	*.%	0.168%
4	🇺🇸	Bitcoin Standard Treasury Company BSTR	₿ 30,021	$2,323M	—	—	—	—	—			0.143%
5	🇺🇸	Bullish BLSH	₿ 24,300	$1,880M	$3,990M	$,**M	.*******	—	—	.**	*.%	0.116%
6	🇺🇸	Coinbase Global, Inc. COIN	₿ 16,492	$1,276M	$49,501M	$,*M	.*******	$*M	**.x	.*	.%	0.079%
7	🇺🇸	Riot Platforms, Inc. RIOT	₿ 15,680	$1,213M	$9,024M	$,**M	.*******	—	—	.**	*.%	0.075%
8	🇺🇸	Strive ASST	₿ 15,391	$1,191M	$1,134M	$,**M	.*******	—	—	.**	**.%	0.073%
9	🇺🇸	Hut 8 Mining Corp HUT	₿ 13,696	$1,060M	$11,473M	$,*M	.*******	—	—	.*	.%	0.065%
10	🇺🇸	CleanSpark, Inc. CLSK	₿ 13,561	$1,049M	$4,462M	$,**M	.*******	—	—	.**	*.%	0.065%
11	🇺🇸	Tesla, Inc. TSLA 🥬 🙌	₿ 11,509	$890M	$1,409,083M	$,,*M	.*******	$***M	.*x	**.*	.%	0.055%
12	🇺🇸	Trump Media & Technology Group Corp. DJT	₿ 9,542	$738M	$2,227M	$,**M	.*******	—	—	.**	*.%	0.045%
13	🇺🇸	Block, Inc. XYZ	₿ 9,032	$699M	$41,184M	$,*M	.*******	$***M	.*x	.*	.%	0.043%
14	🇺🇸	American Bitcoin Corp ABTC	₿ 7,500	$580M	$1,004M	$,**M	.*******	—	—	.**	*.%	0.036%
15	🇺🇸	GD Culture Group GDC	₿ 7,500	$580M	$6M	$*M	.*******	$***M	.*x	.**	***.%	0.036%
16	🇺🇸	Galaxy Digital Holdings Ltd GLXY	₿ 6,894	$533M	$11,121M	$,*M	.*******	—	—	.*	.%	0.033%
17	🇺🇸	ProCap Financial BRR	₿ 5,457	$422M	$60M	$***M	—	—	—		**.%	0.026%
18	🇺🇸	Nakamoto Inc NAKA	₿ 5,058	$391M	$3,088M	$,**M	.*******	—	—	.**	*.%	0.024%
19	🇺🇸	Gemini Space Station Inc GEMI	₿ 4,619	$357M	$264M	$***M	—	$***M	.*x	.**	**.%	0.022%
20	🇺🇸	Empery Digital EMPD	₿ 2,914	$225M	$191M	$***M	.*******	—	—	.**	**.%	0.014%
21	🇺🇸	DDC Enterprise Limited DDC	₿ 2,583	$200M	$53M	$**M	.*******	—	—	.**	**.%	0.012%
22	🇺🇸	Core Scientific CORZ	₿ 2,537	$196M	$8,053M	$,**M	.*******	$***M	.*x	.*	.%	0.012%
23	🇨🇦	Keel Infrastructure Corp KEEL	₿ 2,469	$191M	$2,637M	$,**M	.*******	—	—	.*	.%	0.012%
24	🇨🇦	DeFi Technologies DEFI	₿ 2,452	$190M	$228M	$***M	.*******	—	—	.**	*.%	0.012%
25	🇺🇸	BitGo Holdings, Inc. BTGO	₿ 2,449	$189M	$757M	$,**M	—	—	—	.**	*.%	0.012%
26	🇺🇸	Cipher Mining CIFR	₿ 1,500	$116M	$8,156M	$,**M	.*******	$***M	.*x	.*	.%	0.007%
27	🇺🇸	Cango Inc CANG	₿ 1,026	$79M	$85M	$***M	.*******	—	—	.**	*.%	0.005%
28	🇺🇸	KULR Technology Group KULR	₿ 1,021	$79M	$169M	$***M	.*******	—	—	.**	*.%	0.005%
29	🇺🇸	USBC, Inc. USBC	₿ 1,000	$77M	$3M	$*M	.*******	—	—	.**	***.%	0.005%
30	🇺🇸	Apimeds Pharmaceuticals US, Inc. APUS	₿ 1,000	$77M	$18M	—	—	—	—	.**	**.%	0.005%
31	🇺🇸	Fold Holdings Inc. FLD	₿ 826	$64M	$51M	$***M	.*******	—	—	.**	**.%	0.004%
32	🇺🇸	Figma Inc FIG	₿ 767	$59M	$11,098M	$,*M	.*******	$**M	.*x	.*	.%	0.004%
33	🇨🇦	Bitcoin Treasury Corp BTCT	₿ 755	$58M	$30M	$**M	.*******	$**M	.*x	.**	**.%	0.004%
34	🇺🇸	Hyperscale Data GPUS	₿ 692	$54M	$30M	$***M	—	—	—		**.%	0.003%
35	🇺🇸	Exodus Movement, Inc EXOD	₿ 628	$49M	$197M	$***M	.*******	—	—	.**	*.%	0.003%
36	🇺🇸	Alliance Resource Partners, L.P. ARLP	₿ 618	$48M	$3,255M	$,**M	—	—	—	.*	.%	0.003%
37	🇺🇸	Figure Technology Solutions, Inc FIGR	₿ 527	$41M	$6,206M	$,**M	—	—	—	*.*	.%	0.003%
38	🇨🇦	HIVE Digital Technologies HIVE	₿ 481	$37M	$927M	$***M	.*******	—	—	.*	.%	0.002%
39	🇨🇦	Neptune Digital Assets NDA	₿ 420	$32M	$99M	$**M	—	—	—		*.%	0.002%
40	🇺🇸	Virtu Financial, Inc. VIRT	₿ 410	$32M	$7,978M	$,*M	—	$**M	.*x		.%	0.002%
41	🇨🇦	DMG Blockchain Solutions Inc. DMGI	₿ 398	$31M	$46M	$**M	—	—	—		*.%	0.002%
42	🇺🇸	Consensus Mining & Seigniorage CMSG	₿ 350	$27M	$66M	$*M	.*******	$**M	.*x	.**	*.%	0.002%
43	🇺🇸	LM Funding America LMFA	₿ 341	$26M	$1M	$*M	.*******	—	—	.**	***.%	0.002%
44	🇺🇸	Angel Studios, Inc. ANGX	₿ 303	$23M	$366M	$***M	—	—	—	.*	.%	0.001%
45	🇨🇦	LQWD Technologies Corp. LQWD	₿ 267	$21M	$22M	$**M	.*******	$**M	.*x	.**	*.%	0.001%
46	🇨🇦	Rumble Inc. RUM	₿ 211	$16M	$1,757M	$,**M	—	—	—		.%	0.001%
47	🇺🇸	BitMine BMNR	₿ 199	$15M	$81M	$**M	—	—	—		*.%	0.001%
48	🇨🇦	Matador Technologies Inc MATA	₿ 175	$14M	$4M	$**M	—	—	—	.**	**.%	0.001%
49	🇺🇸	FRMO Corp. FRMO	₿ 159	$12M	$295M	$***M	.*******	$*M	.*x	.*	.%	0.001%
50	🇨🇦	Sixty-Six Capital Inc SIX	₿ 149	$12M	$7M	$-*M	—	$*M	.*x		**.%	0.001%
51	🇺🇸	Horizon Kinetics Holding Corp HKHC	₿ 132	$10M	$503M	$***M	—	$*M	.*x		.%	0.001%
52	🇺🇸	Bitcoin Depot BTM	₿ 108	$8M	$11M	$**M	—	$**M	.*x		*.%	0.001%
53	🇺🇸	K Wave Media KWM	₿ 88	$7M	$18M	$,*M	—	—	—	.**	*.%	0.000%
54	🇨🇦	Belgravia Hartford Capital Inc. BLGV	₿ 83	$6M	$3M	$*M	.*******	$*M	.*x	.**	**.%	0.000%
55	🇺🇸	Winland Holdings Corporation WELX	₿ 83	$6M	$12M	$*M	—	$*M	.*x	.**	*.%	0.000%
56	🇺🇸	Circle Internet Group, Inc. CRCL	₿ 73	$6M	$25,865M	$,*M	—	$*M	.*x	**.*	.%	0.000%
57	🇨🇦	Bitcoin Well Inc BTCW	₿ 69	$5M	$13M	$**M	—	$*M	.*x	.**	*.%	0.000%
58	🇨🇦	BIGG Digital Assets Inc. BIGG	₿ 68	$5M	$19M	$**M	—	—	—		*.%	0.000%
59	🇨🇦	Cathedra Bitcoin Inc. CBIT	₿ 53	$4M	$2M	$*M	—	—	—	.**	**.%	0.000%
60	🇨🇦	Mogo Inc. MOGO	₿ 50	$4M	—	—	—	—	—			0.000%
61	🇺🇸	Robin Energy RBNE	₿ 44	$3M	$8M	$**M	—	$*M	.*x	.**	*.%	0.000%
62	🇺🇸	LiveOne Inc LVO	₿ 43	$3M	$95M	$***M	—	—	—	.*	.%	0.000%
63	🇨🇦	WonderFi WNDR	₿ 40	$3M	$162M	$***M	—	—	—	.*	.%	0.000%
64	🇨🇦	SATO Technologies Corp SATO	₿ 36	$3M	$8M	$**M	—	—	—	.**	*.%	0.000%
65	🇨🇦	Planet Ventures Inc. PXI	₿ 29	$2M	$44M	$**M	—	$*M	.*x	.*	.%	0.000%
66	🇨🇦	Goodfood Market Corp FOOD	₿ 25	$2M	$17M	$**M	—	—	—	.**	*.%	0.000%
67	🇨🇦	Kontrol Technologies KNR	₿ 24	$2M	$3M	$-*M	—	$*M	.*x	.**	*.%	0.000%
68	🇺🇸	Sphere 3D ANY	₿ 23	$2M	$8M	$*M	—	—	—	.**	*.%	0.000%
69	🇨🇦	DevvStream DEVS	₿ 22	$2M	$2M	$**M	—	—	—	.**	**.%	0.000%
70	🇺🇸	Investview, Inc. INVU	₿ 20	$2M	$37M	$**M	—	$*M	.*x	.*	.%	0.000%
71	🇺🇸	Thumzup Media Corporation TZUP	₿ 19	$1M	—	—	—	—	—			0.000%
72	🇺🇸	BIT Mining Limited BTCM	₿ 19	$1M	—	—	—	$*M	.*x			0.000%
73	🇺🇸	CDT Equity Inc CDT	₿ 18	$1M	$5M	$*M	—	$*M	.*x	.**	*.%	0.000%
74	🇨🇦	Digihost Technology Inc. DGHI	₿ 17	$1M	—	—	—	—	—			0.000%
75	🇺🇸	Athena Bitcoin Global ABIT	₿ 17	$1M	$20M	—	—	—	—	.*	.%	0.000%
76	🇺🇸	iPower inc IPW	₿ 15	$1M	$3M	$*M	—	$*M	.*x	.**	*.%	0.000%
77	🇺🇸	TeraWulf WULF	₿ 15	$1M	$11,261M	$,*M	—	—	—	**.*	.%	0.000%
78	🇺🇸	Vida Global Inc. VIDA	₿ 12	$1M	$37M	—	—	$*M	.*x	.*	.%	0.000%
79	🇨🇦	Digital Commodities Capital Corp. DIGI	₿ 11	$1M	$4M	$*M	—	$*M	.*x	.**	*.%	0.000%
80	🇺🇸	Lixte Biotechnology Holdings Inc LIXT	₿ 11	$1M	$72M	$**M	—	$*M	.*x	.*	.%	0.000%
81	🇺🇸	OneMedNet Corp. ONMD	₿ 10	$1M	$49M	$**M	—	$*M	.*x	.*	.%	0.000%
82	🇺🇸	Where Food Comes From, INC WFCF	₿ 7	$1M	$71M	$**M	—	$*M	.*x	*.*	.%	0.000%
83	🇺🇸	Unitronix Corp UTRX	₿ 6	$0M	$1M	$*M	—	$*M	.*x	.**	*.%	0.000%
84	🇨🇦	NameSilo Technologies Corp URL	₿ 5	$0M	$103M	$***M	—	—	—	*.*	.%	0.000%
85	🇨🇦	Fintech Select Ltd. FTEC	₿ 5	$0M	$3M	$*M	—	—	—	.**	*.%	0.000%
86	🇺🇸	Coin Citadel CCTL	₿ 4	$0M	$0M	$*M	—	—	—	.**	*.%	0.000%
87	🇨🇦	Blockmint Technologies Inc. BKMT	₿ 4	$0M	$1M	$*M	—	—	—	.**	*.%	0.000%
88	🇨🇦	Leef Brands Inc LEEEF	₿ 4	$0M	$42M	$**M	—	—	—	*.*	.%	0.000%
89	🇨🇦	AgriFORCE Growing Systems Ltd. AGRI	₿ 3	$0M	—	—	—	—	—			0.000%
90	🇨🇦	FRNT Financial Inc FRNT	₿ 3	$0M	—	—	—	$*M	.*x			0.000%
91	🇺🇸	Argo Blockchain PLC ARBK	₿ 3	$0M	$54M	$,*M	—	—	—	*.*	.%	0.000%
92	🇨🇦	CryptoStar Corp. CSTR	₿ 3	$0M	$2M	$*M	—	—	—	.**	*.%	0.000%
93	🇨🇦	Banxa Holdings Inc. BNXAF	₿ 2	$0M	—	—	—	—	—			0.000%
94	🇺🇸	GameStop Corp. GME	₿ 1	$0M	$9,778M	$,**M	.*******	—	—	****.*	.%	0.000%
95	🇺🇸	Phunware Inc PHUN	₿ .8	$0M	$41M	$-**M	—	—	—	*.*	.%	0.000%
96	🇺🇸	Reliance Global Group, Inc RELI	₿ .3	$0M	—	—	—	$*M	.*x			0.000%
97	🇺🇸	ATIF Holdings Ltd ZBAI	₿ .2	$0M	$93M	$*M	—	—	—	**.*	.%	0.000%
98	🇺🇸	Bit Digital, Inc. BTBT	₿ 0	$0M	$632M	$***M	—	—	—			0.000%
99	🇨🇦	SOL Strategies HODL	₿ 0	$0M	$57M	$**M	—	—	—			0.000%
100	🇺🇸	BTCS Inc. BTCS	₿ 0	$0M	$84M	$***M	—	—	—			0.000%
101	🇺🇸	Semler Scientific SMLR	₿ 0	$0M	$0M	—	—	—	—			0.000%
		Total:	1,149,761	$88,952M								5.475%