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.

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.

Entity	Bitcoins Held	Value in USD (December 2024)
MicroStrategy	439,002	$46,906,893,967
Marathon Digital Holdings Inc	40,435	$4,320,436,484
Riot Platforms, Inc.	16,728	$1,787,368,901
Tesla, Inc	9,720	$1,038,571,599
CleanSpark Inc	9,297	$993,374,502
Hut 8 Corp	9,109	$973,286,903
Coinbase Global, Inc.	9,000	$961,640,369
Block, Inc.	8,211	$877,336,564
Galaxy Digital Holdings	8,100	$865,476,333
Bitcoin Group SE	3,830	$409,231,401
HIVE Digital Technologies	2,377	$253,979,906
Voyager Digital LTD	2,287	$244,363,502
Cipher Mining	2,142	$228,870,408
Semler Scientific	2,084	$222,673,170
NEXON Co. Ltd	1,717	$183,459,612
Exodus Movement Inc	1,300	$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
Meitu	941	$100,544,843

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by Arooj Ahmed via Digital Information World