Log in

News

Over $11B in Bitcoin held by 32 companies

Updated: Aug 31, 2024
Published: Jun 8, 2021
0
Share:

Data from CryptoTreasuries shows that 32 companies hold nearly $12 billion in BTC, while 11 companies hold about $470 million in ETH.

Post Feature Image

31 companies have joined Microstrategy along the way

On August 11, 2020, Microstrategy became the first company to buy Bitcoin as part of its capital allocation strategy. Data from Cryptotreasuries now shows that 31 companies have joined them by adding Bitcoin to their balance sheets. Together, the companies hold nearly $12 billion in BTC.

Block.One has the largest holdings with 140,000 Bitcoins. MicroStrategy and Tesla are the next two companies on the list. Michael Saylor is known to be very bullish on Bitcoin, as seen by its holdings of 90,859 BTC. MicroStrategy has seen a 50 percent return on its bitcoin investment. Tesla has been less fortunate with their investment and only has a 5% return on their bitcoin right now. Galaxy Digital Holdings and StoneRidge Holdings Group round out the top 5. Another big supporter of Bitcoin is Square the company holds 8,027 BTC. The company's Cash App is a key entry point for potential investors, and bitcoin revenue became the company's dominant revenue stream last year.

Some companies are more interested in Ethereum

The first company to buy Ethereum was Chinese app Meitu, which bought Ethereum for $40 million on March 7 this year. But another company that seems to be more focused on Ethereum is Galaxy Digital, as it is the company with the largest holdings with 98,892 ETH. The figure is worth about $275 million. Coinbase Global and pioneer Meitu follow with 31,787 and 15,00 ETH respectively.

It is certain that there is more belief in crypto now than a few years ago

Despite the fact that the first Bitcoin purchase took place in 2020, which wasn't that long ago, the data tells us that the number of companies holding bitcoin has grown rapidly. It is certain that there is a lot more belief in crypto now than there was a few years ago. In the earlier days of Bitcoin companies didn't even consider investing in the asset class. It's also noticeable that it's not just Bitcoin that's getting attention from companies, but slowly other cryptocurrencies may become attractive as investments as the market matures.

Continue reading by joining Cryptonary Pro

Save 50%

$997 $497/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
Yield Watch: Safest Passive Income Ranges For 2026
PRO
Yield farming
Yield Watch: Safest Passive Income ...As Christmas approaches and the year comes to a close, markets are entering a quieter, less volatile...
4 min read
Dec 24, 2025
BTC, ETH and More: Markets Remain Range Bound
PRO
Market Direction
BTC, ETH and More: Markets Remain R...Momentum is slowing as markets push into year-end, with repeated rejections keeping price locked in ...
10 min read
Dec 23, 2025
Market Update: How Low Can BTC Go?
PRO
Market Updates
Market Update: How Low Can BTC Go?While US jobs and inflation are clearly cooling, bond markets and central banks are sending a more c...
9 min read
Dec 19, 2025