Technology
The World’s Largest Corporate Holders of Bitcoin
See this visualization first on the Voronoi app.
The World’s Largest Corporate Holders of Bitcoin
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Who holds the most bitcoins across publicly traded companies?
While Tesla is the most familiar name across the world’s largest corporate buyers, several companies have amassed far more bitcoin—leading their share prices to skyrocket in value last year. At the same time, the vast majority are found in North America, with the exception of Nexon, a Japanese-based video game publisher.
This graphic shows the public companies that own the most bitcoin, based on data from CoinGecko.
MicroStrategy at the Top
As the world’s largest corporate owner of bitcoin, MicroStrategy holds 174,530 bitcoin valued at an estimated $9.1 billion as of February 22, 2024.
Headquartered in Virginia, the intelligence software firm first began buying bitcoin in 2020 and has since grown its holdings to become roughly 10 times bigger than the next highest corporate owner. MicroStrategy shares soared over 350% in 2023 thanks to its scale of bitcoin holdings.
Here’s who holds the most bitcoins globally across public companies as of February 22, 2024:
Rank | Company | Country | Total Bitcoin | Estimated Value as of Feb 22, 2024 |
---|---|---|---|---|
1 | MicroStrategy | 🇺🇸 U.S. | 174,530 | $9.1B |
2 | Galaxy Digital | 🇺🇸 U.S. | 17,518 | $912.1M |
3 | Marathon Digital | 🇺🇸 U.S. | 13,716 | $714.1M |
4 | Tesla | 🇺🇸 U.S. | 10,500 | $546.7M |
5 | Hut 8 | 🇨🇦 Canada | 9,366 | $487.6M |
6 | Coinbase | 🇺🇸 U.S. | 9,181 | $478.0M |
7 | Block Inc. | 🇺🇸 U.S. | 8,027 | $417.9M |
8 | Riot Platforms | 🇺🇸 U.S. | 7,327 | $381.5M |
9 | Hive Blockchain | 🇨🇦 Canada | 2,596 | $135.2M |
10 | CleanSpark | 🇺🇸 U.S. | 2,575 | $134.1M |
11 | NEXON | 🇯🇵 Japan | 1,717 | $89.4M |
12 | Exodus | 🇺🇸 U.S. | 1,651 | $86.0M |
Tesla is the fourth-largest owner on the list, with bitcoin holdings worth $546.7 million.
In 2021, the company announced that it bought $1.5 billion in bitcoin to help boost the company’s bottom line. It also served as a way to provide liquidity to customers who could buy its products with the cryptocurrency. Yet the following year, the company sold a large share of its holdings at a steep loss during the crypto crash.
Two Canadian companies, Hut 8 and Hive Blockchain, are top holders of bitcoin. These cryptocurrency mining companies have seen their shares surge over 191% and 144%, respectively.
With even stronger returns, bitcoin miner CleanSpark saw its shares boom over 425% in 2023. This year, the company announced plans to purchase four new facilities for mining bitcoin. Three of these are located in Mississippi, purchased for a total of $19.8 million.
As bitcoin climbs to fresh record highs, corporate interest in bitcoin may continue to increase in tandem with a wider scope of buyers. Newly regulated spot bitcoin ETFs have also fueled demand, leading bitcoin’s market cap to hit $1 trillion for the first time since 2021.
Technology
Countries With the Highest Rates of Crypto Ownership
While the U.S. is a major market for cryptocurrencies, two countries surpass it in terms of their rates of crypto ownership.
Countries With the Highest Rates of Crypto Ownership
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
This graphic ranks the top 10 countries by their rate of cryptocurrency ownership, which is the percentage of the population that owns crypto. These figures come from crypto payment gateway, Triple-A, and are as of 2023.
Data and Highlights
The table below lists the rates of crypto ownership in the top 10 countries, as well as the number of people this amounts to.
Country | % of Population Who Own Crypto | # of Crypto Owners |
---|---|---|
🇦🇪 United Arab Emirates | 30.4 | 3M |
🇻🇳 Vietnam | 21.2 | 21M |
🇺🇸 U.S. | 15.6 | 53M |
🇮🇷 Iran | 13.5 | 12M |
🇵🇠Philippines | 13.4 | 16M |
🇧🇷 Brazil | 12 | 26M |
🇸🇦 Saudi Arabia | 11.4 | 4M |
🇸🇬 Singapore | 11.1 | 665K |
🇺🇦 Ukraine | 10.6 | 4M |
🇻🇪 Venezuela | 10.3 | 3M |
Note that if we were to rank countries based on their actual number of crypto owners, India would rank first at 93 million people, China would rank second at 59 million people, and the U.S. would rank third at 52 million people.
The UAE Takes the Top Spot
The United Arab Emirates (UAE) boasts the highest rates of crypto ownership globally. The country’s government is considered to be very crypto friendly, as described in Henley & Partners’ Crypto Wealth Report 2023:
In the UAE, the Financial Services Regulatory Authority (FSRA-ADGM) was the first to provide rules and regulations regarding cryptocurrency purchasing and selling. The Emirates are generally very open to new technologies and have proposed zero taxes for crypto owners and businesses.
Vietnam leads Southeast Asia
According to the Crypto Council for Innovation, cryptocurrency holdings in Vietnam are also untaxed, making them an attractive asset.
Another reason for Vietnam’s high rates of ownership could be its large unbanked population (people without access to financial services). Cryptocurrencies may provide an alternative means of accessing these services without relying on traditional banks.
Learn More About Crypto From Visual Capitalist
If you enjoyed this post, be sure to check out The World’s Largest Corporate Holders of Bitcoin, which ranks the top 12 publicly traded companies by their Bitcoin holdings.
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