- Companies holding crypto
- What are cryptocurrency treasuries
- Why would you invest in a cryptocurrency treasury?
- What types of companies are adding crypto to their balance sheet?
- How to compare crypto treasury companies
- Buy and sell crypto treasuries from these platforms
- Buy and sell the cryptocurrencies from these exchanges
- Pros and cons of investing crypto treasuries
Companies holding crypto
| Company name | Bitcoin held | Date of last disclosure | Country of HQ | Sector/industry | |
|---|---|---|---|---|---|
| Strategy (NASDAQ:MSTR) | 636505 | 5 Sep 25 | US | Technology Services | BUY |
| MARA Holdings (NASDAQ:MARA) | 52477 | 04 Mar 25 | US | Technology Services | |
| Twenty One Capital (XXI) (NASDAQ:CEP) | 43514 | 23 Apr 25 | US | FinTech | |
| Riot Platforms, Inc (NASDAQ:RIOT) | 19309 | 03 Sep 25 | US | Technology Services | BUY |
| Trump Media & Technology Group Corp (NASDAQ: DJT) | 18430 | 21 Jul 25 | US | Commercial Services | BUY |
| Metaplanet Inc. (3350:TYO) | 20000 | 5 Sep 25 | JP | Consumer Services | |
| Galaxy Digital Holdings (NASDAQ: GLXY) | 17102 | 05 Aug 25 | US | Finance | |
| CleanSpark Inc. (NASDAQ:CLSK) | 12608 | 30 Jun 25 | US | Technology Services | |
| Coinbase Global, Inc (NASDAQ:COIN) | 11776 | 31 Jul 25 | US | Finance | BUY |
| Tesla, Inc. (NASDAQ:TSLA) | 11509 | 23 Apr 25 | US | Consumer Durables | BUY |
| Hut 8 Mining Corp (NASDAQ:HUT) | 10237 | 06 Mar 25 | CA | Technology Services | |
| Block Inc. (NYSE:XYZ) | 8584 | 07 Nov 24 | US | Commercial Services | BUY |
| Next Technology Holding Inc. (NASDAQ:NXTT) | 5833 | – | CN | Technology Services | |
| ProCap BTC (CCCM) | 4932 | 25 Jun 25 | US | Finance | |
| Semler Scientific (NASDAQ:SMLR) | 4846 | 19 Jun 25 | US | Health Technology | |
| GameStop Corp. (NYSE:GME) | 4710 | 28 May 25 | US | Retail Trade | BUY |
| Cango Inc. (CANG) | 4000 | 01 Jul 25 | CH | Distribution Services | |
| Empery Digital (Volcon, Inc.) (NASDAQ:VLCN) | 3802 | 31 Jul 25 | US | Consumer Durables | |
| Bitcoin Group SE (BTGGF:TCMKTS) | 3623 | 24 Jun 25 | DE | Finance | |
| Boyaa Interactive International Limited (0434.HK) | 3350 | – | HK | Technology Services |
| Company | Current XRP holdings | Planned XRP holdings | Date of last XRP disclosure | Country of HQ | Sector/Industry | |
|---|---|---|---|---|---|---|
| VivoPower (NASDAQ: VVPR) | Not disclosed | US$100 million | 11 June 2025 | US | Utilities | |
| Trident Digital Tech (NASDAQ: TDTH) | Not disclosed | Up to US$500 million | 12 June 2025 | US | Commercial Services | |
| Webus International (NASDAQ: WETO) | Not disclosed | Not disclosed | 1 July 2025 | US | Transportation | |
| Wellgistics Health (NASDAQ: WGRX) | Not disclosed | Not disclosed | 8 May 2025 | US | Distribution Services | |
| Nature’s Miracle (OTCQB: NMHI) | Not disclosed | Up to US$20 million | 23 July 2025 | US | Miscellaneous | |
| Worksport Ltd. (NASDAQ: WKSP) | Not disclosed | Up to US$5 million | 5 December 2024 | US | Producer Manufacturing | |
| Hyperscale Data, Inc. (NYSE American: GPUS) | Not disclosed | Up to US$10 million | 28 May 2025 | US | Producer Manufacturing | |
| The BC Bud Corporation (CSE: BCBC) | Not disclosed | CAD $250,000 | 9 January 2025 | CA | Healthcare | |
| Digital Commodities Capital Corp. (CSE: DIGI (OTCQB: DGCMF)) | None (XRP sold on June 23, 2025) | None | 23 June 2025 | CA | Financial technology |
| Company name | SOL held | Market cap | Country of HQ | Sector/Industry | |
|---|---|---|---|---|---|
| Upexi Inc.(NASDAQ: UPXI) | 2,000,518 SOL | $405.7M | US | Health Technology | |
| DeFi Development Corp. (NASDAQ: DFDV) | 2,027,817 SOL | $345.6M | US | Finance | |
| Sol Strategies Inc. (CSE: HODL) | 402,783 SOL | $160.2M | CA | Finance | |
| Classover Holdings Inc. (NASDAQ: KIDZ) | 61,048 SOL | $24.13 M | US | Finance | |
| Torrent Capital Ltd. (TSX-V: TORR) | 40,039 SOL | $20.57M | CA | Non-Energy Minerals | |
| SOL Global Investments Corp. (CSE: SOL) | 40,350 SOL | $11.48M | CA | Commercial Services |
| Company name | BNB held | Date of last disclosure | Country of HQ | Sector/Industry | |
|---|---|---|---|---|---|
| Windtree Therapeutics, Inc. (NASDAQ: WINT) | 0 | 24 Jul 25 | UK | Health Technology | |
| CEA Industries (NASDAQ: BNC, prev. VAPE) | 0 | 29 Jul 25 | US | Producer Manufacturing | |
| Nano Labs (NASDAQ: NA) | 128,000 BNB | 28 Jul 25 | CN | Electronic Technology | |
| Liminatus Pharma (NASDAQ: LIMN) | 0 | 28 Jul 25 | US | Health Technology |
What are cryptocurrency treasuries
Traditionally companies maintain their balance sheets with cash, stocks, real estate and sometimes assets like gold. But more recently firms have started adding cryptocurrencies including bitcoin, ethereum and solana to their reserves as part of their treasury strategy.
These are called cryptocurrency treasury companies and they’ve become a hot topic in the investing world, for good reason.
There are several reasons a company might invest in a cryptocurrency like bitcoin. Some firms see the value in investing in a growth asset to combat against inflation, or to bolster their balance sheets.
Many see it as a way to publicly align with the cryptocurrency eco-system. They’re positioning themselves as future focused and crypto-integrated.
Why would you invest in a cryptocurrency treasury?
Buying stock in a crypto treasury can be an alternative to investing in the crypto itself, without needing to sign up to an exchange. For example, a firm that holds large amounts of bitcoin will often see its stock price loosely track the price of bitcoin.
Companies that have added crypto treasuries to their balance sheet are also cementing their belief in the future of crypto and their readiness to be at the forefront of that evolving technology. This can be a major drawcard for investors that align with these views.
For active traders, it can be advantageous to track the movements of these treasuries to capitalize on price swings triggered by coin volatility, major sell or buy actions or news events.
What types of companies are adding crypto to their balance sheet?
Companies of all shapes and sizes are buying up cryptocurrencies, however the companies investors are most interested in are typically major firms trading on a stock exchange.
Publicly traded companies: Firms that trade on a stock exchange like Coinbase and Tesla are upfront about their cryptocurrency holdings. These disclosures must be included in earnings or treasury reports and signal strategic alignment with crypto.
Private companies: Startups and large private firms may also hold cryptocurrency, particularly those building DeFi or Web3 products. However, because private firms aren’t required to make their financial statements publicly available, their holdings are harder to track.
ETFs and funds: There are now more than a dozen institutional products and funds offering crypto exposure.
Cryptocurrency ETFs
How to compare crypto treasury companies
The amount of crypto held by a company is just one part of the equation. It’s also important to understand how and why it fits into their overall financial strategy.
- Crypto as a % of total assets: This helps show how heavily the company is invested in crypto.
- Timing and price: Did they buy the crypto before it surged or after a dip?
- Use case: Are they holding ETH passively or using it to earn yield via staking or DeFi?
- Transparency: Does the company regularly report its ETH holdings and explain its strategy?
- Impact on price of stock: How do ETH price swings affect the company’s market performance?
Buy and sell crypto treasuries from these platforms
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Buy and sell the cryptocurrencies from these exchanges
Pros and cons of investing crypto treasuries
Pros
- Crypto treasuries are investing in the future of crypto, which may align with your beliefs
- They are an alternative to investing directly in a cryptocurrency without needing to sign up to an exchange
- Tracking their movements may give active traders an edge to better capitalize on price action
Cons
- Crypto treasuries may be especially volatile as they’re reacting to both traditional equity and crypto market events
- While investing in crypto treasuries can be an alternative to buying crypto, stock movements can massively diverge from crypto prices
- Companies can choose to make huge crypto purchase or sell orders at the drop of a hat without informing stockholders for some time
- Company treasuries can be hard to track as companies are only required to publicly disclose their holdings every few months
Kylie Purcell is the senior investments editor at Finder. She has a background in business and finance news with previous roles at SBS, Your Money, TVNZ, Switzer Group and The Adviser magazine. Kylie has a Masters in International Journalism and a Graduate Diploma in Economics. When she's not writing about the markets you can find her bingeing on coffee. See full bio
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