Phoenix Group data shows the top 151 public companies hold 1,201,521 BTC (~$79.02B), representing 5.72% of public companies’ holdings and marking a major institutional crypto adoption milestone. MicroStrategy (MSTR) dominates with 843,775 BTC (~$55.49B), while Twenty One Capital (37,229 BTC, $2.45B), Marathon Digital (35,303 BTC, $2.32B), Metaplanet (35,102 BTC, $2.31B) and Coinbase (14,458 BTC, ~$950.9M) reveal concentrated corporate Bitcoin exposure. This concentration could influence market liquidity, custody demand and institutional fundraising dynamics across CEX, DEX and broader DeFi ecosystems.

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Public financial companies are significantly adopting Bitcoin ($BTC), with 1,201,521 $BTC (nearly $79.02B) in total holdings of the top 151 firms. This marks a notable landmark in the inclusion of digital assets within conventional finance, as Bitcoin dominates 5.72% of public companies’ holdings.

As per the data from Phoenix Group, Strategy, Twenty One Capital, and Marathon Digital Holdings are the top public entities in line with Bitcoin ($BTC) holdings. Additionally, the other names on the list include Metaplanet, Bullish, Strive, Galaxy Digital Holdings, Hut 8 Corp, Riot Platforms, and Coinbase.

BITCOIN HOLDINGS BY PUBLIC COMPANIES

Public companies continue to expand their Bitcoin holdings, solidifying cryptocurrency's role in traditional financial markets. With industry leaders like #Strategy holding substantial amounts, the total $BTC reserved by these firms now… pic.twitter.com/hr3PZffEWh
— PHOENIX – Crypto News & Analytics (@pnxgrp) July 22, 2026

Strategy ($MSTR) Dominates Public Companies in Terms of Bitcoin Holdings with $55.49B

The top name on the list of prominent public companies based on Bitcoin ($BTC) holdings is Strategy ($MSTR). The company accounts for up to 843,775 $BTC, denoting $55.49B in total value. After that, Twenty One Capital ($XXI) has become the 2nd biggest platform among the public platforms. Specifically, it has a total of 37,229 $BTC, equaling $2.45B.

Apart from that, Marathon Digital Holdings ($MARA) is the 3rd top public company when it comes to Bitcoin ($BTC) holdings. Thus, it has a cumulative amount of nearly 35,303 $BTC, accounting for $2.32B. In addition to this, Metaplanet ($3350) is another notable name on the list, occupying 35,102 $BTC (almost $2.31B).

Galaxy Digital Holdings ($GLXY), Hut 8 Corp ($HUT), Riot Platforms ($RIOT), and Coinbase ($COIN) Bottom List

Bullish ($BLSH) is another renowned public entity when it comes to Bitcoin ($BTC) holdings. Particularly, it has a total of 24,340 $BTC in its Bitcoin holdings, reaching $1.60B. Then comes Strive ($ASST), which has 19,864 $BTC. This figure is reportedly equivalent to $1.31B. Additionally, Galaxy Digital Holdings ($GLXY) holds 17,102 $BTC in its holdings, hitting $1.12B.

According to Phoenix Group, the next public company on the list is Hut 8 Corp ($HUT). Its overall Bitcoin holdings include 15,679 $BTC (nearly $1.03B). Moving on, the 9th top public firm in terms of Bitcoin ($BTC) holdings is Riot Platforms ($RIOT) with 15, 679 $BTC, reaching $1.03B. Ultimately, Coinbase ($COIN) concludes the list with its Bitcoin holdings reaching 14,458 ($950.86M).

Read the article at BlockchainReporter