- MicroStrategy holds 597K BTC value $64.4B with $22B in unrealized positive factors however warns of key dangers.
- Public companies with Bitcoin surged from 64 in 2024 to 151 in 2025 amid favorable regulation.
- High holders like Tesla, Galaxy, and Mara diversify BTC methods from mining to direct buys.
MicroStrategy has disclosed large dangers linked to its expansive Bitcoin portfolio, which now exceeds $64.4 billion in worth. In keeping with a Kind 8-Ok submitting submitted to the U.S. Securities and Alternate Fee (SEC) in July 2025, the corporate reported holding 597,000 BTC as of June 30, 2025.
These belongings have been acquired for $42.4 billion over a five-year interval starting in 2020. Whereas the unrealized revenue seems substantial, the agency cited main issues surrounding liquidity, market volatility, and regulatory uncertainties that would impression future efficiency.
MicroStrategy’s Bitcoin technique started in mid-2020 and has remained aggressive by way of durations of excessive volatility. The corporate’s complete funding climbed, with main spikes in 2023 and 2024. A key level got here in mid-2024 when MicroStrategy invested a further $4.2 billion in Bitcoin. Following that announcement, each Bitcoin’s value and the portfolio’s worth surged, signaling favorable market timing.
Chart knowledge reviewed from CryptoQuant reveals the present worth of MicroStrategy’s holdings (inexperienced line) carefully following Bitcoin’s value motion (blue line). This worth has constantly risen above the cumulative funding (orange line) throughout bull markets. As of mid-2025, the portfolio is experiencing sturdy unrealized positive factors amid Bitcoin’s return to near-record highs.
Regardless of these positive factors, the corporate’s SEC submitting famous that value volatility stays a core danger. The submitting additionally flagged issues relating to potential difficulties in liquidating giant parts of its holdings with out disrupting market circumstances.
Enlargement of Company Bitcoin Treasuries
Corporations holding Bitcoins of their stability sheets have grown by greater than 200% up to now 12 months. In 2024, 64 corporations had publicity to Bitcoin, and this reached 151 in June 2025. This latest development is linked to revisions in the US coverage appreciating Bitcoin as a strategic asset, growing readability of worldwide taxes, and growing company orientations towards digital belongings.
Corporations are utilizing varied strategies. Companies buy straight or depend upon mining operations or dollar-cost averaging. The number of methods factors to Bitcoin’s growing reputation as a long-term funding.
Main Public Bitcoin Holders in 2025
MicroStrategy, now branded as Technique Inc., stays the biggest company Bitcoin holder, with holdings estimated between 576,230 and 592,345 BTC. Mara Digital Holdings ranks second with as much as 49,678 BTC valued at $4.8 billion. Japan’s Metaplanet holds 11,111 BTC value $1.15 billion.
Different main holders embody Tesla (11,509 BTC), Galaxy Digital (15,449 BTC), and Hut 8 Mining (10,237 BTC). Coinbase and Block Inc. additionally seem among the many prime company Bitcoin custodians.
