As we approach the end of 2024, one thing remains constant: the incessant accumulation of Bitcoin by public and private entities.
The latest HODL Top 70 data offers a fascinating insight into the companies that hold the world’s largest Bitcoin reserves. Together, these 70 organizations hold an impressive 591,726 Bitcoin, underscoring Bitcoin’s continued appeal as a strategic asset.
Source: X
The Titans of Bitcoin: MicroStrategy is the leader
It’s not surprising Microstrategy continues to dominate the leaderboard, with an astronomical 444,262 Bitcoins in his coffers. Under the leadership of Bitcoin maximalist Michael Saylor, the company has made Bitcoin the cornerstone of its balance sheet. With this huge commitment Microstrategy holds nearly 75% of all Bitcoin among the top 70 companies, dwarfing its nearest competitors.
MicroStrategy is followed by well-known players such as Marathon Digital (44,394 BTC), Riot Platforms (17,429 BTC) and Hut 8 Mining (12,106 BTC). Tesla, famously led by Elon Musk, is also in the top five with a Bitcoin supply of 9,720 BTC, although its focus on Bitcoin has waned compared to previous years.
The regional dynamics of Bitcoin holdings
The rankings paint a fascinating geographical picture. US-based companies dominate the list, with the likes of Coinbase (9,000 BTC) and Block (Square) (8,463 BTC) rising to the upper echelon of Bitcoin holders. Canada follows closely behind, represented by mining companies such as Galaxy Digital (5,400 BTC) and Hive Digital (2,713 BTC).
Asia now also claims significant representation. Companies like Boyaa from Hong Kong (4,155 BTC), Metaplanet from Japan…
