Wall Street Is Building A $2.4 Trillion Bitcoin Market

Lance Vitanza covers Strategy and Strive for TD Cowen, one of the few sell-side analysts putting formal ratings on Bitcoin treasury companies. He argues that what's being built on top of these balance sheets is far larger than the balance sheets themselves: $800 billion of Bitcoin collateral could support trillions in digital credit.

Publicly Traded Bitcoin Treasury Companies

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

BTC Held by Public Companies

1.260M

$82.08B

Number of Public Companies

196

BTC Price

$65,149

Asset Dominance

94.2%
BTC 94.2% ETH 5.1% SOL .46% BNB .14% XRP .12%

Top 100 Public Bitcoin Treasury Companies

$65,149
Rank BitcoinTreasuries logo Country flag Ticker Bitcoin
1 🇺🇸 MSTR 842,138
[1.04]
2 🇺🇸 XXI 43,514
[0.68]
3 🇯🇵 MPJPY 43,000
[0.85]
4 🇺🇸 MARA 35,577
5 🇺🇸 BSTR 30,021
6 🇺🇸 BLSH 24,300
7 🇺🇸 ASST 20,020
[1.29]
8 🇺🇸 SPCX 18,712
9 🇺🇸 COIN 17,311
10 🇺🇸 RIOT 15,680
11 🇺🇸 CLSK 13,931
12 🇺🇸 TSLA 11,509
13 🇺🇸 HUT 10,278
14 🇺🇸 DJT 9,542
15 🇺🇸 XYZ 9,117
16 🇺🇸 ABTC 8,300
17 🇺🇸 GDC 7,500
18 🇺🇸 GLXY 6,894
19 🇨🇳 NXTT 5,833
20 🇺🇸 BRR 5,405
21 🇺🇸 NAKA 4,467
[0.90]
22 🇭🇰 0434 4,201
23 🇧🇷 OBTC3 3,948
[0.85]
24 🇺🇸 GEMI 3,839
25 🇩🇪 ADE 3,605
26 🇫🇷 ALCPB 3,140
[0.62]
27 🇺🇸 DDC 2,899
[2.59]
28 🇬🇧 SWC 2,712
[0.78]
29 🇨🇦 DEFI 2,597
30 🇺🇸 KEEL 2,469
31 🇺🇸 BTGO 2,449
32 🇰🇾 HOLO 2,353
33 🇸🇬 CAN 1,915
34 🇯🇵 3659 1,717
Rank BitcoinTreasuries logo Country flag Ticker Bitcoin
35 🇸🇬 FUFU 1,671
36 🇺🇸 EMPD 1,514
37 🇯🇵 3825 1,491
38 🇯🇵 3189 1,423
39 🇳🇱 TRSR 1,111
40 🇺🇸 CANG 1,065
41 🇸🇪 H100 1,051
42 🇮🇱 ZOOZ 1,046
[0.95]
43 🇺🇸 GPUS 1,006
44 🇨🇳 NA 1,000
45 🇺🇸 USBC 1,000
[0.09]
46 🇺🇸 APUS 1,000
47 🇭🇰 CIMG 938
48 🇺🇸 CORZ 848
49 🇭🇰 MSW 833
50 🇨🇳 YDKG 819
51 🇨🇳 SOS 803
52 🇺🇸 FIG 767
53 🇯🇵 6574 763
54 🇺🇸 KULR 760
55 🇳🇴 AKER 754
56 🇨🇦 BTCT 744
[0.69]
57 🇬🇧 SATS 668
58 🇺🇸 CIFR 646
59 🇺🇸 ARLP 618
60 🇧🇷 MLIZY 605
61 🇺🇸 EXOD 600
62 🇦🇪 PHX 559
63 🇰🇷 377030 551
64 🇲🇹 SRAG 540
65 🇺🇸 FIGR 527
66 🇩🇪 UUU 427
67 🇨🇦 NDA 420
68 🇺🇸 VIRT 410
Rank BitcoinTreasuries logo Country flag Ticker Bitcoin
69 🇨🇦 DMGI 393
70 🇹🇷 NTHOL 352
71 🇺🇸 CMSG 350
72 🇺🇸 LMFA 334
73 🇫🇷 SQNS 314
74 🇺🇸 ANGX 303
75 🇨🇳 CPOP 300
76 🇰🇷 049470 300
77 🇯🇵 5721 296
78 🇨🇳 NCTY 285
79 🇦🇺 DCC 283
80 🇨🇦 LQWD 267
[0.56]
81 🇯🇪 CS 236
82 🇰🇷 112040 223
83 🇪🇸 VANA 223
84 🇨🇦 RUM 211
85 🇺🇸 BMNR 208
[0.99]
86 🇰🇷 288330 200
87 🇵🇱 36C 199
88 🇺🇸 FLD 192
89 🇬🇮 COIN 182
90 🇨🇦 MATA 176
91 🇸🇪 BTCB 174
92 🇳🇴 K33 168
93 🇬🇧 HODL 166
94 🇹🇭 BTC 165
95 🇺🇸 FRMO 159
96 🇨🇦 HIVE 150
97 🇨🇦 SIX 144
98 🇬🇧 V3TC 135
99 🇺🇸 HKHC 132
100 🇯🇵 7603 125
Total of top 100 1,257,216
Total of all public companies 1,259,872
BitcoinTreasuries logo

Public Companies Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1 🇺🇸
Strategy
842,138
$54,865M
$38,556M
$**,***M
*.********
*.***
***.*%
4.010%
2 🇺🇸
43,514
$2,835M
$1,573M
$*,***M
*.********
$*,***M
*.**x
*.***
***.*%
0.207%
3 🇯🇵
43,000
$2,801M
$1,643M
$*,***M
*.********
*.***
***.*%
0.205%
4 🇺🇸
35,577
$2,318M
$3,856M
$*,***M
*.********
$*,***M
*.**x
**.*%
0.169%
5 🇺🇸
30,021
$1,956M
0.143%
6 🇺🇸
Bullish
24,300
$1,583M
$2,682M
$*,***M
*.********
**.*%
0.116%
7 🇺🇸
Strive
20,020
$1,304M
$1,057M
$*,***M
*.********
*.***
***.*%
0.095%
8 🇺🇸
SpaceX
18,712
$1,219M
$1,031,996M
$*,***,***M
*.*%
0.089%
9 🇺🇸
17,311
$1,128M
$41,395M
$**,***M
*.********
$*,***M
*.**x
*.*%
0.082%
10 🇺🇸
15,680
$1,022M
$7,610M
$*,***M
*.********
**.*%
0.075%
11 🇺🇸
13,931
$908M
$3,477M
$*,***M
*.********
**.*%
0.066%
12 🇺🇸
11,509
$750M
$1,094,161M
$*,***,***M
*.********
$***M
*.**x
*.*%
0.055%
13 🇺🇸
10,278
$670M
$9,556M
$*,***M
*.********
*.*%
0.049%
14 🇺🇸
9,542
$622M
$2,863M
$*,***M
*.********
**.*%
0.045%
15 🇺🇸
9,117
$594M
$47,981M
$**,***M
*.********
*.*%
0.043%
16 🇺🇸
8,300
$541M
$6,357M
$*,***M
*.********
*.*%
0.040%
17 🇺🇸
7,500
$489M
$96M
$**M
*.********
$***M
*.**x
***.*%
0.036%
18 🇺🇸
6,894
$449M
$7,881M
$**,***M
*.********
*.*%
0.033%
19 🇨🇳
5,833
$380M
$0M
*.********
$***M
*.**x
0.028%
20 🇺🇸
5,405
$352M
$59M
$***M
***.*%
0.026%
21 🇺🇸
4,467
$291M
$87M
$***M
*.********
*.***
***.*%
0.021%
22 🇭🇰
4,201
$274M
$223M
$***M
*.********
$***M
*.**x
***.*%
0.020%
23 🇧🇷
OranjeBTC
3,948
$257M
$197M
$***M
*.********
*.***
***.*%
0.019%
24 🇺🇸
3,839
$250M
$209M
$***M
***.*%
0.018%
25 🇩🇪
3,605
$235M
$137M
$***M
*.********
***.*%
0.017%
26 🇫🇷
Capital B
3,140
$205M
$123M
$***M
*.********
$***M
*.**x
*.***
***.*%
0.015%
27 🇺🇸
2,899
$189M
$21M
$***M
*.********
$***M
*.**x
*.***
***.*%
0.014%
28 🇬🇧
2,712
$177M
$138M
$***M
*.********
$***M
*.**x
*.***
***.*%
0.013%
29 🇨🇦
2,597
$169M
$163M
$***M
*.********
***.*%
0.012%
30 🇺🇸
2,469
$161M
$2,165M
$*,***M
*.********
*.*%
0.012%
31 🇺🇸
2,449
$160M
$539M
$***M
**.*%
0.012%
32 🇰🇾
2,353
$153M
$22M
$-*,***M
*.********
$***M
*.**x
***.*%
0.011%
33 🇸🇬
1,915
$125M
$1,157M
$*,***M
*.********
**.*%
0.009%
34 🇯🇵
1,717
$112M
$12,258M
$*,***M
*.********
$***M
*.**x
*.*%
0.008%
35 🇸🇬
1,671
$109M
$236M
$***M
*.********
**.*%
0.008%
36 🇺🇸
1,514
$99M
$116M
$***M
*.********
**.*%
0.007%
37 🇯🇵
1,491
$97M
$175M
$***M
*.********
$***M
*.**x
**.*%
0.007%
38 🇯🇵
1,423
$93M
$25M
$**M
*.********
***.*%
0.007%
39 🇳🇱
Treasury
1,111
$72M
$***M
*.**x
0.005%
40 🇺🇸
Cango Inc
1,065
$69M
$282M
$*,***M
*.********
**.*%
0.005%
41 🇸🇪
1,051
$68M
*.********
$***M
*.**x
0.005%
42 🇮🇱
1,046
$68M
$63M
$**M
*.********
$***M
*.**x
*.***
***.*%
0.005%
43 🇺🇸
1,006
$66M
$23M
$***M
***.*%
0.005%
44 🇨🇳
1,000
$65M
$31M
$-***M
*.********
***.*%
0.005%
45 🇺🇸
1,000
$65M
$2M
$*M
*.********
*.***
****.*%
0.005%
46 🇺🇸
1,000
$65M
$7M
***.*%
0.005%
47 🇭🇰
CIMG Inc
938
$61M
$1M
$*M
****.*%
0.004%
48 🇺🇸
848
$55M
$6,731M
$*,***M
*.********
*.*%
0.004%
49 🇭🇰
833
$54M
$15M
$**M
*.********
$**M
*.**x
***.*%
0.004%
50 🇨🇳
819
$53M
$28M
$**M
*.********
***.*%
0.004%
51 🇨🇳
803
$52M
$814M
$***M
*.********
*.*%
0.004%
52 🇺🇸
767
$50M
$10,602M
$**,***M
$**M
*.**x
*.*%
0.004%
53 🇯🇵
763
$50M
$300M
$***M
$**M
*.**x
**.*%
0.004%
54 🇺🇸
760
$50M
$109M
$**M
*.********
**.*%
0.004%
55 🇳🇴
Aker ASA
754
$49M
$10,763M
$**,***M
$**M
*.**x
*.*%
0.004%
56 🇨🇦
744
$48M
$216M
$**M
*.********
$**M
*.**x
*.***
**.*%
0.004%
57 🇬🇧
668
$44M
$32M
$-**M
***.*%
0.003%
58 🇺🇸
646
$42M
$6,565M
$*,***M
*.********
*.*%
0.003%
59 🇺🇸
618
$40M
$3,157M
$*,***M
*.*%
0.003%
60 🇧🇷
Méliuz
605
$39M
$**M
*.**x
0.003%
61 🇺🇸
600
$39M
$159M
$***M
*.********
**.*%
0.003%
62 🇦🇪
559
$36M
0.003%
63 🇰🇷
bitmax
551
$36M
$44M
$**M
**.*%
0.003%
64 🇲🇹
540
$35M
$217M
$***M
**.*%
0.003%
65 🇺🇸
527
$34M
$5,249M
$*,***M
*.*%
0.003%
66 🇩🇪
427
$28M
$134M
$***M
$**M
*.**x
**.*%
0.002%
67 🇨🇦
420
$27M
$44M
$**M
**.*%
0.002%
68 🇺🇸
410
$27M
$8,490M
$**,***M
$**M
*.**x
*.*%
0.002%
69 🇨🇦
393
$26M
$61M
$**M
**.*%
0.002%
70 🇹🇷
352
$23M
$430M
$***M
*.*%
0.002%
71 🇺🇸
350
$23M
$66M
$*M
*.********
$**M
*.**x
**.*%
0.002%
72 🇺🇸
334
$22M
$14M
$**M
*.********
***.*%
0.002%
73 🇫🇷
314
$20M
$72M
$**M
*.********
**.*%
0.001%
74 🇺🇸
303
$20M
$561M
$***M
*.*%
0.001%
75 🇨🇳
300
$20M
$32M
$**M
$**M
*.**x
**.*%
0.001%
76 🇰🇷
Bitplanet
300
$20M
$26M
**.*%
0.001%
77 🇯🇵
S-Science
296
$19M
$53M
$**M
$**M
*.**x
**.*%
0.001%
78 🇨🇳
285
$19M
$17,069M
$**,***M
*.*%
0.001%
79 🇦🇺
283
$18M
$29M
$**M
**.*%
0.001%
80 🇨🇦
267
$17M
$12M
$**M
*.********
$**M
*.**x
*.***
***.*%
0.001%
81 🇯🇪
236
$15M
0.001%
82 🇰🇷
WEMADE
223
$15M
$416M
$***M
$**M
*.**x
*.*%
0.001%
83 🇪🇸
223
$15M
$1M
$**M
*.********
****.*%
0.001%
84 🇨🇦
211
$14M
$1,378M
$*,***M
*.*%
0.001%
85 🇺🇸
208
$14M
$11,356M
$**,***M
*.***
*.*%
0.001%
86 🇰🇷
200
$13M
$31M
$**M
**.*%
0.001%
87 🇵🇱
199
$13M
$35M
$**M
$*M
*.**x
**.*%
0.001%
88 🇺🇸
192
$13M
$23M
$**M
*.********
**.*%
0.001%
89 🇬🇮
182
$12M
$6M
$*M
$**M
*.**x
***.*%
0.001%
90 🇨🇦
176
$11M
$2M
$**M
***.*%
0.001%
91 🇸🇪
174
$11M
0.001%
92 🇳🇴
K33 AB
168
$11M
$34M
$**M
*.********
**.*%
0.001%
93 🇬🇧
B HODL
166
$11M
$10M
***.*%
0.001%
94 🇹🇭
165
$11M
$49M
$**M
**.*%
0.001%
95 🇺🇸
159
$10M
$315M
$***M
*.********
$*M
*.**x
*.*%
0.001%
96 🇨🇦
150
$10M
$656M
$***M
*.********
*.*%
0.001%
97 🇨🇦
144
$9M
$5M
$-*M
***.*%
0.001%
98 🇬🇧
135
$9M
$1M
$*M
$**M
*.**x
****.*%
0.001%
99 🇺🇸
132
$9M
$503M
$***M
$*M
*.**x
*.*%
0.001%
100 🇯🇵
Mac House
125
$8M
$8M
$-**M
$**M
*.**x
***.*%
0.001%
101 🇺🇸
108
$7M
$11M
$**M
$**M
*.**x
**.*%
0.001%
102 🇰🇷
104
$7M
$105M
$-***M
*.*%
0.000%
103 🇨🇳
100
$7M
$1M
$*M
***.*%
0.000%
104 🇬🇧
99
$6M
$9M
$**M
**.*%
0.000%
105 🇸🇬
88
$6M
$7M
$-*M
**.*%
0.000%
106 🇺🇸
83
$5M
$11M
$*M
$*M
*.**x
**.*%
0.000%
107 🇯🇵
Gumi Inc
80
$5M
$86M
$***M
$*M
*.**x
*.*%
0.000%
108 🇬🇧
80
$5M
$7M
$*M
**.*%
0.000%
109 🇭🇰
YUXING
78
$5M
$19M
$**M
$*M
*.**x
**.*%
0.000%
110 🇹🇭
75
$5M
$14M
$**M
$*M
*.**x
**.*%
0.000%
111 🇺🇸
74
$5M
$15,716M
$**,***M
*.*%
0.000%
112 🇨🇦
69
$4M
$9M
$**M
$*M
*.**x
**.*%
0.000%
113 🇬🇧
68
$4M
$*M
*.**x
0.000%
114 🇨🇦
68
$4M
$17M
$**M
**.*%
0.000%
115 🇯🇵
66
$4M
$368M
$***M
*.*%
0.000%
116 🇬🇧
63
$4M
$6M
$*M
*.**x
**.*%
0.000%
117 🇳🇴
59
$4M
$5M
**.*%
0.000%
118 🇩🇪
58
$4M
$2,669M
$*,***M
$*M
*.**x
*.*%
0.000%
119 🇨🇦
53
$3M
0.000%
120 🇺🇸
46
$3M
0.000%
121 🇨🇳
44
$3M
$8M
$-*M
$*M
*.**x
**.*%
0.000%
122 🇺🇸
44
$3M
$1M
$*M
$*M
*.**x
***.*%
0.000%
123 🇺🇸
43
$3M
$62M
$**M
*.*%
0.000%
124 🇭🇰
Moon Inc
42
$3M
$**M
$*M
*.**x
0.000%
125 🇨🇦
WonderFi
40
$3M
0.000%
126 🇵🇦
Autris
36
$2M
$67M
$*M
*.*%
0.000%
127 🇨🇦
36
$2M
$7M
$**M
**.*%
0.000%
128 🇫🇷
31
$2M
$33M
$**M
$*M
**.**x
*.*%
0.000%
129 🇩🇪
31
$2M
$*M
*.**x
0.000%
130 🇯🇵
30
$2M
$6M
$*M
**.*%
0.000%
131 🇭🇰
30
$2M
$65M
$**M
$*M
*.**x
*.*%
0.000%
132 🇯🇵
Lib Work
30
$2M
$96M
$***M
$*M
*.**x
*.*%
0.000%
133 🇸🇪
29
$2M
$5M
$*M
**.*%
0.000%
134 🇨🇦
29
$2M
$25M
$-*M
$*M
*.**x
*.*%
0.000%
135 🇫🇷
27
$2M
$*M
*.**x
0.000%
136 🇬🇧
26
$2M
$4M
$*M
**.*%
0.000%
137 🇨🇦
25
$2M
$2M
$**M
**.*%
0.000%
138 🇯🇵
25
$2M
$65M
$**M
*.*%
0.000%
139 🇨🇦
24
$2M
$2M
$-*M
$*M
*.**x
**.*%
0.000%
140 🇺🇸
23
$1M
$16M
$*M
*.*%
0.000%
141 🇮🇳
21
$1M
$*M
*.**x
0.000%
142 🇲🇽
21
$1M
$17M
$**,***M
*.*%
0.000%
143 🇺🇸
20
$1M
$45M
$**M
$*M
*.**x
*.*%
0.000%
144 🇬🇧
19
$1M
$14M
$*M
*.**x
*.*%
0.000%
145 🇺🇸
18
$1M
$2M
$*M
$*M
*.**x
**.*%
0.000%
146 🇯🇵
MBK
18
$1M
$43M
$***M
$*M
*.**x
*.*%
0.000%
147 🇨🇦
17
$1M
$2M
$*M
*.********
**.*%
0.000%
148 🇨🇦
17
$1M
0.000%
149 🇺🇸
17
$1M
$8M
$**M
**.*%
0.000%
150 🇳🇴
16
$1M
$21M
$**M
*.*%
0.000%
151 🇺🇸
16
$1M
$15M
$**M
*.*%
0.000%
152 🇺🇸
15
$1M
$7M
$*M
$*M
*.**x
**.*%
0.000%
153 🇺🇸
TeraWulf
15
$1M
$8,520M
$**,***M
*.*%
0.000%
154 🇹🇭
15
$1M
$19M
$**M
*.*%
0.000%
155 🇺🇸
13
$1M
$4M
$*M
$*M
*.**x
**.*%
0.000%
156 🇨🇳
13
$1M
$25M
$-***M
$*M
*.**x
*.*%
0.000%
157 🇦🇺
12
$1M
$*M
*.**x
0.000%
158 🇹🇭
12
$1M
$403M
$***M
*.*%
0.000%
159 🇺🇸
12
$1M
$22M
$**M
$*M
*.**x
*.*%
0.000%
160 🇸🇪
12
$1M
$*M
*.**x
0.000%
161 🇮🇹
11
$1M
$138,314M
$**,***M
*.*%
0.000%
162 🇨🇦
11
$1M
$2M
$*M
$*M
*.**x
**.*%
0.000%
163 🇺🇸
10
$1M
$39M
$**M
$*M
*.**x
*.*%
0.000%
164 🇭🇰
10
$1M
$15M
$*M
*.*%
0.000%
165 🇭🇰
10
$1M
$73M
$**M
$*M
*.**x
*.*%
0.000%
166 🇬🇧
9
$1M
$3M
$*M
$*M
*.**x
**.*%
0.000%
167 🇬🇧
9
$1M
$13M
$**M
$*M
*.**x
*.*%
0.000%
168 🇸🇪
Refine Group
7
$0M
$*M
*.**x
0.000%
169 🇺🇸
7
$0M
$47M
$**M
$*M
*.**x
*.*%
0.000%
170 🇧🇭
7
$0M
$*M
*.**x
0.000%
171 🇸🇪
6
$0M
$3M
$*M
*.**x
**.*%
0.000%
172 🇺🇸
6
$0M
$445M
$***M
*.*%
0.000%
173 🇺🇸
6
$0M
$1M
$*M
$*M
*.**x
**.*%
0.000%
174 🇨🇦
5
$0M
$86M
$**M
*.*%
0.000%
175 🇯🇵
5
$0M
$40M
$**M
*.*%
0.000%
176 🇨🇦
5
$0M
$1M
$*M
**.*%
0.000%
177 🇬🇧
5
$0M
0.000%
178 🇯🇵
5
$0M
$8M
$*M
$*M
*.**x
*.*%
0.000%
179 🇨🇦
4
$0M
$1M
$*M
**.*%
0.000%
180 🇸🇪
4
$0M
$6M
$*M
*.*%
0.000%
181 🇳🇴
4
$0M
$3M
$*M
$*M
*.**x
*.*%
0.000%
182 🇨🇦
4
$0M
$52M
*.*%
0.000%
183 🇨🇦
3
$0M
0.000%
184 🇿🇦
3
$0M
$*M
*.**x
0.000%
185 🇨🇦
3
$0M
$*M
*.**x
0.000%
186 🇺🇸
3
$0M
$43M
$**M
*.*%
0.000%
187 🇨🇦
3
$0M
$2M
$*M
**.*%
0.000%
188 🇦🇺
333D
2
$0M
$5M
$*M
$*M
*.**x
*.*%
0.000%
189 🇨🇦
2
$0M
0.000%
190 🇺🇸
1
$0M
$8,574M
$*,***M
*.********
*.*%
0.000%
191 🇬🇧
1
$0M
$17M
$**M
*.*%
0.000%
192 🇭🇰
1
$0M
$56M
$**M
*.*%
0.000%
193 🇺🇸
.8
$0M
0.000%
194 🇺🇸
.8
$0M
$43M
$-**M
*.*%
0.000%
195 🇺🇸
.3
$0M
$*M
*.**x
0.000%
196 🇺🇸
.2
$0M
0.000%
197 🇭🇰
0
$0M
$2,739M
$*,***M
0.000%
198 🇨🇦
0
$0M
$41M
$**M
0.000%
199 🇬🇧
0
$0M
$1M
$*M
0.000%
200 🇺🇸
BTCS Inc.
0
$0M
$55M
$***M
0.000%
201 🇦🇷
0
$0M
$92,447M
$**,***M
0.000%
202 🇺🇸
0
$0M
$0M
0.000%
203 🇸🇬
0
$0M
$10M
$*M
$*M
0.000%
204 🇸🇬
0
$0M
$2,118M
$*,***M
0.000%
205 🇰🇾
0
$0M
$243M
$***M
0.000%
206 🇬🇧
0
$0M
$0M
$*M
0.000%
207 🇺🇸
0
$0M
$165M
$**,***M
0.000%
208 🇺🇸
0
$0M
0.000%
209 🇨🇦
0
$0M
$*M
0.000%
Total:
1,259,872
$82,080M
5.999%

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