VILNIUS, Lithuania – March 10, 2026 – Corporate adoption of Bitcoin continues to expand across global public markets, according to a new analysis by digital asset research outlet TechGaged. (ref. https://techgaged.com/148-public-companies-now-hold-bitcoin-with-strategy-accounting-for-63-of-all-corporate-btc/ )
The report finds that 148 publicly traded companies now hold Bitcoin on their balance sheets, collectively controlling 1,162,380 BTC, valued at approximately $82.55 billion at recent market prices.
At current levels, corporate treasuries represented in the dataset collectively hold about 5.54% of Bitcoin's maximum 21 million supply, highlighting the growing role of publicly traded firms in the digital asset ecosystem.
Corporate Bitcoin Ownership Remains Highly Concentrated
Despite the expanding number of companies adopting Bitcoin as part of their treasury strategies, the analysis shows that corporate Bitcoin ownership remains highly concentrated.
Strategy alone holds 738,731 BTC, accounting for approximately 63.6% of all Bitcoin held by the 148 public companies included in the dataset. The company's holdings exceed the combined Bitcoin reserves of the remaining 147 public companies tracked in the analysis.
“The growing number of companies holding Bitcoin shows that the asset is increasingly being viewed as a strategic treasury reserve,” said Rokas Baltrusaitis, Research Analyst at TechGaged. “However, the data also highlights how concentrated corporate ownership remains, with Strategy alone accounting for a majority of publicly reported corporate Bitcoin holdings.”
Strategy's position stems from a multi-year accumulation strategy initiated in 2020 under executive chairman Michael Saylor, which has transformed the firm into one of the largest institutional Bitcoin holders globally.
As previously reported by TechGaged, Strategy's holdings have grown so large that the company now controls nearly 4% of the entire Bitcoin supply, making it one of the most influential institutional participants in the digital asset market.
Beyond Strategy, several companies have accumulated sizable Bitcoin reserves, including MARA Holdings, XXI, Metaplanet, Bitcoin Standard Treasury Company, Bullish, Galaxy Digital, Riot Platforms, Coinbase Global, and Hut 8 Mining.
The data also shows a strong concentration among the largest corporate holders:
Top 10 companies hold 991,080 BTC, representing 85.3% of all Bitcoin held by public companies;
Top 20 companies control 92.9% of corporate BTC holdings;
The median company holds approximately 290.5 BTC, illustrating the wide gap between the largest and smallest corporate allocations
These companies generally fall into three broad categories: Bitcoin mining firms, crypto-native financial companies, and businesses that have intentionally adopted Bitcoin treasury strategies as part of long-term balance-sheet management.
Bitcoin Treasuries Expand Across Public Markets
While the largest firms dominate total holdings, the dataset also highlights a growing “long tail” of smaller public companies experimenting with Bitcoin allocations as part of broader treasury diversification strategies.
The rise of corporate Bitcoin treasuries is occurring alongside broader changes in financial infrastructure. TechGaged previously reported that banks are quietly preparing for a new wave of cryptocurrency compliance frameworks, reflecting expectations that digital assets will increasingly intersect with traditional financial systems.
Corporate adoption is also unfolding amid continued macroeconomic uncertainty. In its latest weekly market recap, TechGaged noted that Bitcoin recently rebounded despite rising geopolitical tensions, reinforcing the asset's perception among some investors as a scarce digital asset capable of weathering periods of market volatility.
Taken together, the emergence of 148 public companies holding Bitcoin represents a significant milestone in the institutional development of the asset. At the same time, the concentration of corporate holdings among a small number of companies suggests that the evolution of corporate Bitcoin adoption may still be in its early stages.
Read the full story with statistics here: https://techgaged.com/148-public-companies-now-hold-bitcoin-with-strategy-accounting-for-63-of-all-corporate-btc/
Methodology
This analysis is based on publicly available corporate treasury data compiled from the CoinGecko Bitcoin Treasury tracker, cross-checked with company disclosures and publicly reported holdings where available.
The dataset ranks publicly traded companies that hold Bitcoin as part of their corporate treasury reserves, ordered from the largest to the smallest holder.
All Bitcoin holdings reflect the most recently available publicly reported figures as of March 9, 2026.
The estimated USD value of holdings is calculated using a Bitcoin reference price of $71,017.93, based on market data recorded March 10, 2026 at 05:00 GMT-4, sourced from CoinMarketCap. Figures may be rounded for readability.
Corporate Bitcoin holdings may change over time as companies acquire or sell Bitcoin or update financial disclosures. As a result, the figures presented represent a snapshot of publicly available data at the time of publication.
About TechGaged
TechGaged is an independent research and media platform covering cryptocurrency markets, blockchain infrastructure, and emerging financial technologies. The publication provides data-driven analysis and reporting on the evolving digital asset ecosystem.
For more information, visit:
https://techgaged.com/about/
