Who Are the Key Players in Corporate Bitcoin Adoption in 2024?

Bitcoin continues to solidify its role as a strategic asset for major corporations worldwide. Among the leading players, MicroStrategy stands out as the dominant force, holding an astonishing 439,002 bitcoins, valued at $46.9 billion as of December 2024. This intelligence software firm, which began acquiring cryptocurrency in 2020, has reshaped the narrative of institutional bitcoin adoption with its unparalleled holdings.

Who Is Betting Big on Bitcoin? Top Corporations Make Massive Crypto Investments

Trailing far behind is Marathon Digital Holdings Inc., which ranks second with 40,435 bitcoins, valued at $4.32 billion. This highlights the significant gap, with MicroStrategy holding more than ten times the bitcoins of Marathon Digital.

Riot Platforms, Inc. takes the third spot, owning 16,728 bitcoins valued at $1.79 billion. Tesla follows in fourth place, holding 9,720 bitcoins worth $1.04 billion. Tesla made headlines in 2021 when it invested $1.5 billion in bitcoin and briefly accepted cryptocurrency as payment for its products.

Coinbase Global, Inc. comes in sixth with 9,000 bitcoins, valued at $961.6 million. Other companies in the top ten include Block, Inc. (8,211 bitcoins worth $877.3 million), Galaxy Digital Holdings (8,100 bitcoins worth $865.5 million), and Bitcoin Group SE (3,830 bitcoins valued at $409.2 million).

International companies also make their mark on the list. Canada’s Hut 8 Corp holds 9,109 bitcoins, valued at $973.3 million, while Germany’s Bitcoin Group SE rounds out the top ten with its $409.2 million bitcoin stash.

These companies collectively represent significant bitcoin investments, underlining the growing institutional adoption of cryptocurrency as a strategic asset.

EntityBitcoins HeldValue in USD (December 2024)
MicroStrategy439,002$46,906,893,967
Marathon Digital Holdings Inc40,435$4,320,436,484
Riot Platforms, Inc.16,728$1,787,368,901
Tesla, Inc9,720$1,038,571,599
CleanSpark Inc9,297$993,374,502
Hut 8 Corp9,109$973,286,903
Coinbase Global, Inc.9,000$961,640,369
Block, Inc.8,211$877,336,564
Galaxy Digital Holdings8,100$865,476,333
Bitcoin Group SE3,830$409,231,401
HIVE Digital Technologies2,377$253,979,906
Voyager Digital LTD2,287$244,363,502
Cipher Mining2,142$228,870,408
Semler Scientific2,084$222,673,170
NEXON Co. Ltd1,717$183,459,612
Exodus Movement Inc1,300$138,903,609
Brooker Group's BROOK (BKK)1,150$122,876,269
Metaplanet Inc.1,142.30$122,053,532
Bit Digital, Inc.992.4$106,036,878
Meitu941$100,544,843

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