What is a bitcoin treasury company?

A bitcoin treasury company is a company that holds bitcoin on its balance sheet as a reserve asset, either alongside its operating business or as its primary strategy. Strategy (MSTR) pioneered the model in August 2020; companies built around accumulating bitcoin are also called digital asset treasuries (DATs).

mNAV, or multiple of net asset value, is a bitcoin treasury company's market capitalization divided by the market value of the bitcoin it holds. An mNAV above 1.0 means the stock trades at a premium to its bitcoin; below 1.0 it trades at a discount. Premiums typically reflect expectations that management will keep growing bitcoin per share.

What is bitcoin per share?

Bitcoin per share (BTC/share) is the amount of bitcoin backing each outstanding share of a treasury company — total BTC held divided by shares outstanding. It is the key accretion metric: when a company raises capital and buys bitcoin faster than it dilutes shareholders, BTC per share rises.

How many companies hold bitcoin?

193 entities — 145 public companies plus ETFs, funds, private companies, and governments — hold a combined 3,601,901 BTC, or 17.15% of the fixed 21 million supply. Holdings are aggregated from public filings and disclosures and updated continuously.

Which company holds the most bitcoin?

Strategy, Inc is the public company holding the most bitcoin, with 848,250 BTC on its balance sheet. Metaplanet Inc. (44,000 BTC) and Twenty One Capital, Inc. (43,514 BTC) rank second and third among public companies.

Which governments hold bitcoin?

Governments hold 669,511 BTC in total, largely from law-enforcement seizures and state purchases. The largest sovereign holders are United States (329,693 BTC), China (190,000 BTC), United Kingdom (61,245 BTC).

Tesorerías en Bitcoin: empresas y gobiernos que tienen BTC

145 tenedores

Entidad	Precio	Var. 1D	Tesorería	Valor BTC	% of 21M	mNAV	Cap. mercado	Var. 1A	Volumen	BTC / acción	Costo prom.	BTC PnL	PnL BTC $	Clase
MS Strategy, Inc Strategy, Inc	—	—	848,250	—	4.039%	—	—	—	—	—	—	—	—	Public
33 Metaplanet Inc. Metaplanet Inc.	—	—	44,000	—	0.210%	—	—	—	—	—	—	—	—	Public
XX Twenty One Capital, Inc. Twenty One Capital, Inc.	—	—	43,514	—	0.207%	—	—	—	—	—	—	—	—	Public
MA Marathon Digital Holdings Inc Marathon Digital Holdings Inc	—	—	35,577	—	0.169%	—	—	—	—	—	—	—	—	Public
AS Strive Asset Management Strive Asset Management	—	—	32,773	—	0.156%	—	—	—	—	—	—	—	—	Public
BI Bitcoin Standard Treasury Company Bitcoin Standard Treasury Company	—	—	30,021	—	0.143%	—	—	—	—	—	—	—	—	Public
BL Bullish Bullish	—	—	23,800	—	0.113%	—	—	—	—	—	—	—	—	Public
GL Galaxy Digital Holdings Ltd Galaxy Digital Holdings Ltd	—	—	21,084	—	0.100%	—	—	—	—	—	—	—	—	Public
SP SpaceX SpaceX	—	—	18,712	—	0.089%	—	—	—	—	—	—	—	—	Public
CO Coinbase Global Inc Coinbase Global Inc	—	—	17,311	—	0.082%	—	—	—	—	—	—	—	—	Public
RI Riot Blockchain Inc Riot Blockchain Inc	—	—	15,680	—	0.075%	—	—	—	—	—	—	—	—	Public
HU Hut 8 Corp Hut 8 Corp	—	—	13,696	—	0.065%	—	—	—	—	—	—	—	—	Public
CL CleanSpark Inc CleanSpark Inc	—	—	13,470	—	0.064%	—	—	—	—	—	—	—	—	Public
TS Tesla Inc Tesla Inc	—	—	11,509	—	0.055%	—	—	—	—	—	—	—	—	Public
DJ Trump Media & Technology Group Corp. Trump Media & Technology Group Corp.	—	—	9,542	—	0.045%	—	—	—	—	—	—	—	—	Public
XY Block, Inc Block, Inc	—	—	9,032	—	0.043%	—	—	—	—	—	—	—	—	Public
AB American Bitcoin Corp American Bitcoin Corp	—	—	7,500	—	0.036%	—	—	—	—	—	—	—	—	Public
GD GD Culture Group Limited GD Culture Group Limited	—	—	7,500	—	0.036%	—	—	—	—	—	—	—	—	Public
NX Next Technology Holding Inc Next Technology Holding Inc	—	—	5,833	—	0.028%	—	—	—	—	—	—	—	—	Public
SI Silvia (formerly ProCap Financial) Silvia (formerly ProCap Financial)	—	—	5,130	—	0.024%	—	—	—	—	—	—	—	—	Public
GE Gemini Space Station, Inc. Gemini Space Station, Inc.	—	—	4,827	—	0.023%	—	—	—	—	—	—	—	—	Public
NA Kindly MD, Inc. Kindly MD, Inc.	—	—	4,467	—	0.021%	—	—	—	—	—	—	—	—	Public
04 Boyaa Interactive International Limited Boyaa Interactive International Limited	—	—	4,091	—	0.019%	—	—	—	—	—	—	—	—	Public
OR OranjeBTC OranjeBTC	—	—	3,950	—	0.019%	—	—	—	—	—	—	—	—	Public
AD Bitcoin Group SE Bitcoin Group SE	—	—	3,605	—	0.017%	—	—	—	—	—	—	—	—	Public
AL Capital B Capital B	—	—	3,525	—	0.017%	—	—	—	—	—	—	—	—	Public
EM Empery Digital Inc. Empery Digital Inc.	—	—	2,914	—	0.014%	—	—	—	—	—	—	—	—	Public
DD DDC Enterprise Limited DDC Enterprise Limited	—	—	2,899	—	0.014%	—	—	—	—	—	—	—	—	Public
TH The Smarter Web Company Plc The Smarter Web Company Plc	—	—	2,747	—	0.013%	—	—	—	—	—	—	—	—	Public
DE DeFi Technologies Inc. DeFi Technologies Inc.	—	—	2,597	—	0.012%	—	—	—	—	—	—	—	—	Public
HO MicroCloud Hologram Inc. MicroCloud Hologram Inc.	—	—	2,353	—	0.011%	—	—	—	—	—	—	—	—	Public
FU BitFuFu, Inc BitFuFu, Inc	—	—	1,830	—	0.009%	—	—	—	—	—	—	—	—	Public
CA Canaan Inc Canaan Inc	—	—	1,826	—	0.009%	—	—	—	—	—	—	—	—	Public
NE Nexon Co Ltd ADR Nexon Co Ltd ADR	—	—	1,717	—	0.008%	—	—	—	—	—	—	—	—	Public
KE Keel Infrastructure Keel Infrastructure	—	—	1,558	—	0.007%	—	—	—	—	—	—	—	—	Public
38 Remixpoint Remixpoint	—	—	1,501	—	0.007%	—	—	—	—	—	—	—	—	Public
CI Cipher Mining Inc Cipher Mining Inc	—	—	1,500	—	0.007%	—	—	—	—	—	—	—	—	Public
AN Anap Holdings Anap Holdings	—	—	1,432	—	0.007%	—	—	—	—	—	—	—	—	Public
NE NedSense Enterprises NV NedSense Enterprises NV	—	—	1,111	—	0.005%	—	—	—	—	—	—	—	—	Public
GP Hyperscale Data, Inc. Hyperscale Data, Inc.	—	—	1,106	—	0.005%	—	—	—	—	—	—	—	—	Public
H1 H100 Group AB H100 Group AB	—	—	1,051	—	0.005%	—	—	—	—	—	—	—	—	Public
ZO ZOOZ Power Ltd ZOOZ Power Ltd	—	—	1,036	—	0.005%	—	—	—	—	—	—	—	—	Public
CA Cango Inc Cango Inc	—	—	1,026	—	0.005%	—	—	—	—	—	—	—	—	Public
US USBC, Inc. USBC, Inc.	—	—	1,000	—	0.005%	—	—	—	—	—	—	—	—	Public
NA Nano Labs Ltd Nano Labs Ltd	—	—	1,000	—	0.005%	—	—	—	—	—	—	—	—	Public
CO Core Scientific, Inc. Core Scientific, Inc.	—	—	848	—	0.004%	—	—	—	—	—	—	—	—	Public
FI Figma, Inc. Figma, Inc.	—	—	843	—	0.004%	—	—	—	—	—	—	—	—	Public
MI Ming Shing Group Holdings Ming Shing Group Holdings	—	—	833	—	0.004%	—	—	—	—	—	—	—	—	Public
FL Fold Holdings, Inc. Fold Holdings, Inc.	—	—	827	—	0.004%	—	—	—	—	—	—	—	—	Public
06 Yueda Digital Holding Yueda Digital Holding	—	—	819	—	0.004%	—	—	—	—	—	—	—	—	Public
SO SOS Limited SOS Limited	—	—	803	—	0.004%	—	—	—	—	—	—	—	—	Public
65 Convano Convano	—	—	763	—	0.004%	—	—	—	—	—	—	—	—	Public
BT BTC Digital Ltd BTC Digital Ltd	—	—	759	—	0.004%	—	—	—	—	—	—	—	—	Public
AK Aker ASA Aker ASA	—	—	754	—	0.004%	—	—	—	—	—	—	—	—	Public
CI CIMG Inc. CIMG Inc.	—	—	730	—	0.003%	—	—	—	—	—	—	—	—	Public
EX Exodus Movement, Inc. Exodus Movement, Inc.	—	—	656	—	0.003%	—	—	—	—	—	—	—	—	Public
PH Phoenix Group PLC Phoenix Group PLC	—	—	641	—	0.003%	—	—	—	—	—	—	—	—	Public
CA Méliuz S.A Méliuz S.A	—	—	605	—	0.003%	—	—	—	—	—	—	—	—	Public
ME MercadoLibre Inc. MercadoLibre Inc.	—	—	570	—	0.003%	—	—	—	—	—	—	—	—	Public
BI Bitmax Co Bitmax Co	—	—	551	—	0.003%	—	—	—	—	—	—	—	—	Public
AR Alliance Resource Partners LP Alliance Resource Partners LP	—	—	541	—	0.003%	—	—	—	—	—	—	—	—	Public
SA Samara Asset Group Samara Asset Group	—	—	540	—	0.003%	—	—	—	—	—	—	—	—	Public
PR Prenetics Global Ltd Prenetics Global Ltd	—	—	510	—	0.002%	—	—	—	—	—	—	—	—	Public
UU 3U Holding AG 3U Holding AG	—	—	427	—	0.002%	—	—	—	—	—	—	—	—	Public
ND Neptune Digital Assets Corp Neptune Digital Assets Corp	—	—	417	—	0.002%	—	—	—	—	—	—	—	—	Public
VI Virtu Financial, Inc. Virtu Financial, Inc.	—	—	410	—	0.002%	—	—	—	—	—	—	—	—	Public
DM Dmg Blockchain Solutions Inc Dmg Blockchain Solutions Inc	—	—	398	—	0.002%	—	—	—	—	—	—	—	—	Public
LM LM Funding America Inc LM Funding America Inc	—	—	356	—	0.002%	—	—	—	—	—	—	—	—	Public
NE Net Holding A.S. Net Holding A.S.	—	—	352	—	0.002%	—	—	—	—	—	—	—	—	Public
AN Angel Studios, Inc. Angel Studios, Inc.	—	—	303	—	0.001%	—	—	—	—	—	—	—	—	Public
CP Pop Culture Group Co Ltd Pop Culture Group Co Ltd	—	—	300	—	0.001%	—	—	—	—	—	—	—	—	Public
BI Bitplanet Co Bitplanet Co	—	—	300	—	0.001%	—	—	—	—	—	—	—	—	Public
SS S Science Company S Science Company	—	—	296	—	0.001%	—	—	—	—	—	—	—	—	Public
TH The9 Ltd The9 Ltd	—	—	285	—	0.001%	—	—	—	—	—	—	—	—	Public
DC DigitalX DigitalX	—	—	284	—	0.001%	—	—	—	—	—	—	—	—	Public
LQ LQwD FinTech Corp LQwD FinTech Corp	—	—	267	—	0.001%	—	—	—	—	—	—	—	—	Public
PH Phoenix Digital Assets Plc Phoenix Digital Assets Plc	—	—	247	—	0.001%	—	—	—	—	—	—	—	—	Public
11 Wemade Co.Ltd Wemade Co.Ltd	—	—	223	—	0.001%	—	—	—	—	—	—	—	—	Public
VA Vanadi Coffee SA Vanadi Coffee SA	—	—	213	—	0.001%	—	—	—	—	—	—	—	—	Public
RU Rumble Inc. Rumble Inc.	—	—	211	—	0.001%	—	—	—	—	—	—	—	—	Public
PA Parataxis Korea Parataxis Korea	—	—	200	—	0.001%	—	—	—	—	—	—	—	—	Public
BM Bitmine Immersion Technologies, Inc. Bitmine Immersion Technologies, Inc.	—	—	198	—	0.001%	—	—	—	—	—	—	—	—	Public
CO Coinsilium Group Ltd Coinsilium Group Ltd	—	—	182	—	0.001%	—	—	—	—	—	—	—	—	Public
MA Matador Technologies Inc. Matador Technologies Inc.	—	—	175	—	0.001%	—	—	—	—	—	—	—	—	Public
BI Bitcoin Treasury Capital Bitcoin Treasury Capital	—	—	167	—	0.001%	—	—	—	—	—	—	—	—	Public
HI HIVE Digital Technologies Ltd HIVE Digital Technologies Ltd	—	—	166	—	0.001%	—	—	—	—	—	—	—	—	Public
BR The Brooker Group The Brooker Group	—	—	165	—	0.001%	—	—	—	—	—	—	—	—	Public
FR Frmo Corp Frmo Corp	—	—	159	—	0.001%	—	—	—	—	—	—	—	—	Public
B B HODL B HODL	—	—	158	—	0.001%	—	—	—	—	—	—	—	—	Public
GN Genius Group Ltd Genius Group Ltd	—	—	154	—	0.001%	—	—	—	—	—	—	—	—	Public
SI Sixty Six Capital Inc Sixty Six Capital Inc	—	—	149	—	0.001%	—	—	—	—	—	—	—	—	Public
K3 K33 AB K33 AB	—	—	141	—	0.001%	—	—	—	—	—	—	—	—	Public
BT BTCS S.A. BTCS S.A.	—	—	138	—	0.001%	—	—	—	—	—	—	—	—	Public
VA Vaultz Capital Plc Vaultz Capital Plc	—	—	135	—	0.001%	—	—	—	—	—	—	—	—	Public
HK Horizon Kinetics Holding Corporation Horizon Kinetics Holding Corporation	—	—	131	—	0.001%	—	—	—	—	—	—	—	—	Public
04 NEOWIZ HOLDINGS Corporation NEOWIZ HOLDINGS Corporation	—	—	123	—	0.001%	—	—	—	—	—	—	—	—	Public
DG Digi Power X Inc. Digi Power X Inc.	—	—	112	—	0.001%	—	—	—	—	—	—	—	—	Public
BT Bitcoin Depot Inc. Bitcoin Depot Inc.	—	—	100	—	0.000%	—	—	—	—	—	—	—	—	Public
BI BIGG Digital Assets Inc. BIGG Digital Assets Inc.	—	—	100	—	0.000%	—	—	—	—	—	—	—	—	Public
LO London Bitcoin Company (formerly Vinanz) London Bitcoin Company (formerly Vinanz)	—	—	85.97	—	0.000%	—	—	—	—	—	—	—	—	Public
BL Belgravia Hartford Capital Inc Belgravia Hartford Capital Inc	—	—	83.13	—	0.000%	—	—	—	—	—	—	—	—	Public
39 Gumi Inc Gumi Inc	—	—	80.35	—	0.000%	—	—	—	—	—	—	—	—	Public
80 Yuxing InfoTech Investment Holdings Ltd Yuxing InfoTech Investment Holdings Ltd	—	—	78.2	—	0.000%	—	—	—	—	—	—	—	—	Public
RS RSXYZ Public Company Limited RSXYZ Public Company Limited	—	—	74.97	—	0.000%	—	—	—	—	—	—	—	—	Public
CR Circle Internet Group, Inc. Circle Internet Group, Inc.	—	—	74	—	0.000%	—	—	—	—	—	—	—	—	Public
BT Bitcoin Well, Inc Bitcoin Well, Inc	—	—	68.99	—	0.000%	—	—	—	—	—	—	—	—	Public
SB SBC Communications Inc. SBC Communications Inc.	—	—	66	—	0.000%	—	—	—	—	—	—	—	—	Public
AT ATAI Life Sciences BV ATAI Life Sciences BV	—	—	58	—	0.000%	—	—	—	—	—	—	—	—	Public
OR Orion Digital Corp Orion Digital Corp	—	—	50	—	0.000%	—	—	—	—	—	—	—	—	Public
DA Datacentrex Datacentrex	—	—	46	—	0.000%	—	—	—	—	—	—	—	—	Public
82 Linekong Interactive Group Co Ltd Linekong Interactive Group Co Ltd	—	—	44.2	—	0.000%	—	—	—	—	—	—	—	—	Public
RB Robin Energy Ltd. Robin Energy Ltd.	—	—	43.95	—	0.000%	—	—	—	—	—	—	—	—	Public
BI BitStrat Holdings BitStrat Holdings	—	—	43.41	—	0.000%	—	—	—	—	—	—	—	—	Public
LV LiveOne Inc LiveOne Inc	—	—	43.15	—	0.000%	—	—	—	—	—	—	—	—	Public
WN WonderFi Technologies Inc. WonderFi Technologies Inc.	—	—	39.8	—	0.000%	—	—	—	—	—	—	—	—	Public
25 AI Fusion Capital Group Corp. AI Fusion Capital Group Corp.	—	—	37.77	—	0.000%	—	—	—	—	—	—	—	—	Public
AS AsiaStrategy AsiaStrategy	—	—	30	—	0.000%	—	—	—	—	—	—	—	—	Public
MO Moon Inc Moon Inc	—	—	29.48	—	0.000%	—	—	—	—	—	—	—	—	Public
FR Fragbite Group AB Fragbite Group AB	—	—	28.88	—	0.000%	—	—	—	—	—	—	—	—	Public
AN Sphere 3D Corp Sphere 3D Corp	—	—	22.7	—	0.000%	—	—	—	—	—	—	—	—	Public
DE DevvStream Corp. DevvStream Corp.	—	—	22.23	—	0.000%	—	—	—	—	—	—	—	—	Public
MR Murano Global Investments Murano Global Investments	—	—	21	—	0.000%	—	—	—	—	—	—	—	—	Public
HA Hamak Gold Ltd Hamak Gold Ltd	—	—	20	—	0.000%	—	—	—	—	—	—	—	—	Public
NB Norwegian Block Exchange AS Norwegian Block Exchange AS	—	—	19.1	—	0.000%	—	—	—	—	—	—	—	—	Public
CD CDT Equity CDT Equity	—	—	17.91	—	0.000%	—	—	—	—	—	—	—	—	Public
ME Merchant Bankers Co Merchant Bankers Co	—	—	17.6	—	0.000%	—	—	—	—	—	—	—	—	Public
AB Abits Group Inc. Abits Group Inc.	—	—	15.7	—	0.000%	—	—	—	—	—	—	—	—	Public
GL Globant SA Globant SA	—	—	15	—	0.000%	—	—	—	—	—	—	—	—	Public
LO Locate Technologies Ltd Locate Technologies Ltd	—	—	12.3	—	0.000%	—	—	—	—	—	—	—	—	Public
KI Kitabo Kitabo	—	—	11.54	—	0.000%	—	—	—	—	—	—	—	—	Public
NO NOMAD Power Solutions NOMAD Power Solutions	—	—	10.5	—	0.000%	—	—	—	—	—	—	—	—	Public
GS GSTechnologies Ltd GSTechnologies Ltd	—	—	8.8	—	0.000%	—	—	—	—	—	—	—	—	Public
JA Jasmine International Public Company Limited Jasmine International Public Company Limited	—	—	8.66	—	0.000%	—	—	—	—	—	—	—	—	Public
WF Where Food Comes From Inc Where Food Comes From Inc	—	—	7.01	—	0.000%	—	—	—	—	—	—	—	—	Public
ON OneMedNet Corp. OneMedNet Corp.	—	—	6	—	0.000%	—	—	—	—	—	—	—	—	Public
QU Quantum Solutions Quantum Solutions	—	—	5.07	—	0.000%	—	—	—	—	—	—	—	—	Public
TA Tap Global Group Plc Tap Global Group Plc	—	—	5	—	0.000%	—	—	—	—	—	—	—	—	Public
WU Terawulf Inc Terawulf Inc	—	—	4	—	0.000%	—	—	—	—	—	—	—	—	Public
CC Coin Citadel Coin Citadel	—	—	4	—	0.000%	—	—	—	—	—	—	—	—	Public
GE Green Minerals AS Green Minerals AS	—	—	4	—	0.000%	—	—	—	—	—	—	—	—	Public
BT Bit Digital Inc Bit Digital Inc	—	—	4	—	0.000%	—	—	—	—	—	—	—	—	Public
BN Banxa Holdings Inc Banxa Holdings Inc	—	—	4	—	0.000%	—	—	—	—	—	—	—	—	Public
33 333D Ltd 333D Ltd	—	—	2.02	—	0.000%	—	—	—	—	—	—	—	—	Public
GM GameStop Corp. GameStop Corp.	—	—	1	—	0.000%	—	—	—	—	—	—	—	—	Public
PH Phunware Inc Phunware Inc	—	—	0.82	—	0.000%	—	—	—	—	—	—	—	—	Public

Tesorerías en bitcoin

Tesorerías en bitcoin

Últimas transacciones

¿Qué es una empresa de tesorería en bitcoin?

Métricas de tesorería en bitcoin explicadas

FAQ de tesorerías en bitcoin