Overview of the top 25 listed companies holding BTC, seeking the secret to becoming a master of "dual cultivation of coins and stocks."

Author: Wenser, Odaily Planet Daily

Bitcoin has become a "new driving force" for the growth of publicly traded companies' stock prices. Microstrategy's stock price has soared, with annual investment performance even surpassing BTC; Metaplanet follows closely behind, with "copying homework" operations boosting its stock price by as much as 480%.

On October 15, according to media reports, the Japanese listed company Metaplanet doubled its BTC holdings this month, purchasing over 450 bitcoins in four transactions, with a single-day stock price increase of up to 15.7%. As of now, its total BTC holdings have reached 855.5 bitcoins. More and more publicly traded companies are choosing to view BTC as an "anti-inflation asset" to diversify the risk of currency value fluctuations.

Odaily Planet Daily will provide a brief overview and analysis of publicly traded companies with BTC holdings exceeding 500 bitcoins for readers' reference.

Overview of Publicly Traded Companies with BTC Holdings Exceeding 500 Bitcoins

Publicly traded companies with BTC holdings exceeding 500 bitcoins

MicroStrategy: 252,220 BTC

As Metaplanet CEO Simon Gerovich previously stated, "The company's Bitcoin investment strategy is inspired by MicroStrategy and its executive chairman Michael Saylor."

As the "first stock" with a strategic Bitcoin holding, Microstrategy began purchasing BTC in August 2020 and currently holds over 252,000 bitcoins, valued at $16.933 billion, ranking first among publicly traded companies in BTC holdings; its most recent purchase of BTC was on September 20 of this year, acquiring 7,420 bitcoins at an average price of $63,232, totaling $9.903 billion.

• Official account: @MicroStrategy
• Stock code: MSTR
• Current stock price: $194.09

Marathon: 26,842 BTC

As a veteran mining company, Marathon is also part of the Bitcoin strategic reserve plan, having started building its BTC holdings at the end of December 2020 when the BTC price was only $29,359.6. Since then, its BTC holdings have skyrocketed; its most recent BTC mining revenue report was released on October 2 of this year, when the BTC price was $61,286, resulting in an increase of 642 bitcoins.

• Official account: @MARAHoldings
• Stock code: MARA
• Current stock price: $18.08

Riot Platforms: 10,427 BTC

A North American Bitcoin mining company, Riot began producing BTC in December 2019 when the BTC price was $7,240; in January 2020, its BTC holdings were 514 bitcoins, valued at $3,752,200. Its most recent BTC mining revenue report was released on October 3 of this year, when the BTC price was $60,808, resulting in an increase of 408 bitcoins.

• Official account: @RiotPlatforms
• Stock code: RIOT
• Current stock price: $9.08

Tesla: 9,720 BTC

As a global leader in new energy vehicles, Tesla also holds a significant amount of BTC. After transferring a total of 11,500 bitcoins to multiple addresses on October 16, it currently holds 9,720 bitcoins, valued at $654 million.

• Official account: @Tesla
• Stock code: TSLA
• Current stock price: $221.33

Coinbase: 9,480 BTC

As the "first publicly traded cryptocurrency exchange in the U.S.," Coinbase also has a substantial BTC holding. Notably, its total holding cost is only $117 million, currently valued at $636 million. Additionally, Coinbase's wrapped custody cbBTC has developed rapidly since its launch; according to Dune data, its circulating supply has reached 6,515 bitcoins, valued at $438 million.

• Official account: @coinbase
• Stock code: COIN
• Current stock price: $210.48

Hut 8: 9,106 BTC

Bitcoin mining company Hut 8 was established in 2011 and is headquartered in Toronto, Canada. Its BTC holdings can be traced back to December 2017, when the BTC price was $14,229.5. Its most recent holding change occurred on September 30.

• Official account: @Hut8Corp
• Stock code: HUT
• Current stock price: $12.90

Block: 8,211 BTC

Originally known as Square, Inc., it officially changed its name to Block, Inc. in December 2021. Founded in 2009 and headquartered in San Francisco, California, Block is one of the world's leading payment groups, gaining attention due to its founder Jack Dorsey. In its second-quarter shareholder letter this year, the company claimed that BTC-related revenue exceeded $2.61 billion, with total quarterly revenue reaching $6.16 billion, making it a "money-making machine."

• Official account: @blocks
• Stock code: SQ
• Current stock price: $73.53

CleanSpark: 8,049 BTC

One of the publicly traded Bitcoin mining companies in the U.S., CleanSpark saw its stock price rise by 12.72% to $10.81 at the market close on October 14, and it continued to climb 1.72% to $11 after hours, currently reaching $11.84. Originally founded as Stratean Inc. in 1987, it was renamed CleanSpark, Inc. in November 2016 and provides Bitcoin mining and energy technology solutions globally. Notably, the company's energy division offers engineering, design, and software for microgrids and distributed energy systems for military, commercial, and residential clients.

• Official account: @CleanSpark_Inc
• Stock code: CLSK
• Current stock price: $11.84

Galaxy Digital: 4,000 BTC

An asset management company, its BTC holdings can be traced back to September 2022, when its stock price was around CAD 5.7, and the BTC price was around $20,007. After a one-time purchase of 4,000 bitcoins, its holdings have remained unchanged, and as of now, its stock price has increased by 147%, while the BTC price has risen by 233%.

• Official account: @galaxyhq
• Stock code: GLXY
• Current stock price: $14.46

Bitcoin Group SE: 3,589 BTC

A German private equity and consulting company engaged in cryptocurrency and blockchain business globally, it operates the Bitcoin trading platform under Bitcoin.de. Founded in 2008 and headquartered in Heilbronn, Germany, it is a subsidiary of Priority AG. Its earliest BTC purchase was in December 2021 at an average price of $47,192 for 3,768 bitcoins, and in June 2022, it sold 178 bitcoins at an average price of $20,109, retaining 3,589 bitcoins to date.

• Official website: https://bitcoingroup.com/de/
• Stock code: ADE
• Current stock price: $58.43

HIVE Digital Technologies: 2,604 BTC

HIVE Blockchain Technologies Ltd. is a cryptocurrency mining company operating in Canada, Sweden, and Iceland, involving tokens including ETH, ETHC, and BTC. Originally known as Leeta Gold Corp., it was renamed HIVE Blockchain Technologies Ltd. in September 2017. Founded in 1987 and headquartered in Vancouver, Canada, its most recent production report was in September, with BTC holdings increasing by 37 bitcoins at a market price of $64,041.

• Official account: @HIVEDigitalTech
• Stock code: HIVE
• Current stock price: $3.45

Exodus Movement: 1,787 BTC

Founded in 2015, this company is the parent company behind the popular cryptocurrency wallet provider Exodus. According to SEC filings, it purchased 1,787 bitcoins at an average price of $42,509 in December 2023, and has held them since. To date, its stock price has risen by 687%, and the value of its BTC holdings has increased by 59%.

• Official account: @exodus_io
• Stock code: EXOD
• Current stock price: $18.10

NEXON: 1,717 BTC

NEXON Co., Ltd. primarily develops and provides PC online and mobile game services, covering regions including Japan, South Korea, China, and North America. Its classic PC games include "MapleStory," "Dungeon & Fighter," and EA SPORTS FIFA ONLINE 4, offering about 60 online games in 190 countries/regions. Originally known as NEXON Japan Co., Ltd., it was renamed NEXON Co., Ltd. in April 2009 and was founded in 1994, headquartered in Tokyo, Japan. In April 2021, it purchased $100 million worth of BTC (including fees, with the BTC price at $54,992) at a market average price of $58,226, totaling 1,717 bitcoins.

• Stock code: 3659.T
• Current stock price: $17.80

Cipher Mining: 1,512 BTC

An American Bitcoin mining company, its latest update indicates that it sold 772 bitcoins at an average price of $64,041 at the end of September this year.

• Official account: @CipherInc
• Stock code: CIFR
• Current stock price: $5.01

Aker ASA: 1,170 BTC

This company is a subsidiary of Norway's TRG Holding AS, primarily engaged in industrial holding and financial investment-related businesses. Founded in 1841 and headquartered in Lillestrøm, Norway, it purchased 1,170 bitcoins at an average price of $51,313 in March 2021, totaling $58.754 million.

• Stock code: AKER
• Current stock price: $18.08

Bitfarms: 1,147 BTC

A Canadian Bitcoin mining company established in 2017. In December 2021, its BTC holdings peaked at 3,301 bitcoins, but it subsequently reduced its holdings by 2,896 bitcoins in December 2022 and 20 bitcoins in March 2023. In September this year, its BTC holdings increased by 44 bitcoins, stabilizing at 1,147 bitcoins.

• Official account: @Bitfarms_io
• Stock code: BITF
• Current stock price: $1.93

Boyaa Interactive International Limited: 1,100 BTC

Boyaa Interactive is a global online game operator based in Hong Kong, focusing on developing and operating online board games. Its BTC holding information was disclosed in January this year, but no specific source or corresponding proof was provided. (Odaily Planet Daily reminds: This is for information sharing only and does not endorse any company or organization; users should carefully choose investment targets and pay attention to asset safety.)

• Official website: https://www.boyaa.com.hk/
• Stock code: 0434.HK
• Current stock price: $0.20

Canaan: 1,057 BTC

Canaan Technology is the world's first ASIC Bitcoin miner manufacturer and the first mining machine manufacturer to be listed on NASDAQ, also a well-known mining company. Current BTC holding information was disclosed in a March investor announcement.

• Official account: @canaanio
• Stock code: CAN
• Current stock price: $1.00

Semler Scientific: 1,012 BTC

This company is a well-known publicly traded pharmaceutical company in the U.S., primarily engaged in developing, manufacturing, and selling innovative products and services that support the early detection and treatment of chronic diseases. Its most recent increase in holdings occurred in August this year, adding 83 bitcoins, valued at approximately $5 million at that time.

• Official website: https://www.semlerscientific.com/
• Stock code: SMLR
• Current stock price: $26.82

Fold Inc. (FTAC Emerald Acquisition Corp.): 1,000 BTC

This company was established in July this year through the merger of Bitcoin financial services pioneer Fold, Inc. ("Fold") and the publicly listed special purpose acquisition company FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) ("FTAC Emerald"). Fold was originally founded in 2019 and has processed over $2 billion in transaction volume, issuing over $45 million in lifetime Bitcoin rewards to its customers. According to related media reports, it currently holds 1,000 bitcoins purchased at a market price of $66,102.

• Official account: @fold_app
• Stock code: FLD
• Current stock price: $10.84

Meitu: 940.9 BTC

Mentioning Meitu might be unfamiliar to some in the crypto industry, but many would recognize the "Meitu Xiuxiu APP." As a publicly traded company in Hong Kong, Meitu is influenced by its founder Cai Wensheng and is also one of the companies holding BTC, with holdings close to 1,000 bitcoins, ranking 22nd among publicly traded companies. It was founded in 2008 and is headquartered in Xiamen, China; in September 2022, it purchased 940.9 bitcoins at an average price of $20,185, totaling $49.5 million, and has since maintained its holdings.

• Stock code: 1357.HK
• Current stock price: $0.33

Metaplanet: 861.4 BTC

A Japanese listed company, its main business includes finance, trade, and real estate in Japan, with over a decade of diversified business experience. Following the official approval of the Bitcoin spot ETF in the U.S., it began its "BTC strategic holding" plan in April this year. Its most recent increase was on October 16, purchasing 5.909 bitcoins at an average price of $67,474, bringing its total BTC holdings to 861.4 bitcoins. Notably, as of now, its stock price has surged by 468%, while BTC has only increased by 1% during the same period.

Furthermore, if Metaplanet's "BTC reserve plan" was inspired by MicroStrategy, this move has opened up new "growth ideas" for some Japanese listed companies. At the end of September this year, Japanese listed company Remixpoint announced in a statement the quantity and amount of its purchased crypto assets (virtual currencies): a total expenditure of 750 million yen (approximately $5.27 million) for 64.4 bitcoins (600 million yen), 130.1 ethers (50 million yen), 2,260.5 sols (50 million yen), and 12,269.9 avax (50 million yen). This purchase is part of the company's announcement on the 26th to "purchase a total of 1.5 billion yen in virtual currencies." In the same day's board meeting, Remixpoint decided to purchase virtual currencies as part of its cash management strategy. On the other hand, considering the possibility of further depreciation of the yen, the company has invested some surplus funds in virtual currencies to diversify the risk of currency value fluctuations and control yen exposure.

• Official account: @Metaplanet_JP
• Stock code: 3350.T
• Current stock price: $7.50

Bit Digital: 731 BTC

As one of the veteran Bitcoin mining companies in the U.S., Bit Digital Inc. was established in 2017 and is headquartered in New York. Originally known as Golden Bull Limited, it changed its name to its current name in September 2020. According to official news, it reduced its holdings by 307.4 bitcoins at the market price of $64,041 at the end of September this year, becoming one of the few publicly traded companies to recently reduce BTC holdings, with its BTC holdings falling below 1,000 bitcoins, from 1,038 bitcoins to 731 bitcoins.

• Official account: @BitDigital_BTBT
• Stock code: BTBT
• Current stock price: $3.89

BIGG Digital Assets Inc: 575 BTC

BIGG Digital Assets Inc. is a Canadian digital currency operation and investment company that developed the digital currency tracking search analysis engine QLUE, serving law enforcement, regulatory technology, regulatory agencies, and government institutions. Its product BitRank Verified primarily provides risk scoring for digital currencies, enabling regulatory technology, banks, ATMs, exchanges, and retailers to meet traditional regulatory and compliance requirements. The company has also developed brokerage and trading software to facilitate the purchase and sale of digital currencies by consumers and investors while ensuring compliance and security. After purchasing 575 bitcoins at an average price of $20,185 in September 2022, it has maintained its holdings. Its holding cost is only $10.94 million, and it has achieved a profit increase of up to 353%.

• Stock code: BIGG
• Current stock price: $0.11

Summary: BTC Will Become a "Strategic Reserve Resource" for More Publicly Traded Companies to Maintain Shareholder Asset Value

As of September 30, statistics show that MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet, and the British football club Real Bedford FC have collectively purchased approximately 48,836 bitcoins, estimated to have invested about $3.09 billion, currently valued at about $3.1 billion. Since Bitcoin prices reached an all-time high in March this year, the frequency of corporate Bitcoin purchases has significantly increased, reaching 32 times, far exceeding last year's total of 9 times.

Moreover, among the top 25 publicly traded companies ranked by BTC holdings, only MicroStrategy's BTC holdings exceed 1% of the total Bitcoin supply of 21 million, accounting for 1.2%; the second-ranked Marathon's holdings account for only 0.128%.

Including Marathon and Riot, 9 mining companies account for 36% of the top 25 publicly traded companies with holdings exceeding 500 bitcoins; other publicly traded companies span various industries, including technology, consulting, payments, exchanges, pharmaceuticals, gaming, finance, and the internet.

As the "anti-inflation properties" of physical gold further weaken, more publicly traded companies may choose to join the "BTC strategic reserve army" for various reasons, including maintaining shareholder asset value, embarking on a path of "dual cultivation of currency and stock," and leveraging cryptocurrencies, including BTC, to enhance their antifragility and reflexivity, thereby safeguarding their asset value amidst repeated "currency waves."