Among them, MicroStrategy, Marathon Digital (MARA Holdings), and Galaxy Digital stand out as the largest Bitcoin holders, collectively holding 436,943 BTC as of late November 2024, worth more than US$42 billion.
These companies use Bitcoin to boost liquidity, diversify assets, and protect against inflation, setting a precedent for how businesses can thrive in today’s dynamic economic environment.
MicroStrategy: The Bitcoin pioneer
MicroStrategy, led by executive chairman Michael Saylor, is the undisputed leader in corporate Bitcoin holdings. With 386,700 BTC valued at approximately US$37.3 billion (as of Dec. 2, 2024), the company has embedded Bitcoin deeply into its treasury strategy. Since its first purchase in 2020, MicroStrategy has continually accumulated Bitcoin to hedge against inflation and dollar depreciation.
Saylor describes Bitcoin as “digital gold,” a superior store of value in an era of currency volatility. The company leverages Bitcoin’s liquidity to strengthen its balance sheet while maintaining a long-term view on its appreciating value. By issuing convertible debt and using proceeds to buy Bitcoin, MicroStrategy has crafted a strategy that marries traditional finance with cryptocurrency innovation.
MARA Holdings: Mining for the future
MARA Holdings, a leading Bitcoin mining firm, holds 34,794 BTC worth US$3.3 billion. Unlike MicroStrategy, MARA acquires Bitcoin primarily through its mining operations. As the company expands its capacity, it aims to retain a significant portion of its mined Bitcoin to build financial resilience and benefit from future price increases.
The strategy underscores Bitcoin’s dual role as a productive asset and a store of value. MARA’s model integrates operational growth with a robust treasury, offering a hedge against inflationary pressures. CEO Fred Thiel has emphasized that retaining mined Bitcoin aligns with MARA’s long-term confidence in cryptocurrency as a transformative asset class.
Galaxy Digital: Bridging finance and crypto
Galaxy Digital, a cryptocurrency-focused financial services firm, holds 15,449 BTC worth approximately US$1.5 billion. Unlike miners like MARA, Galaxy’s Bitcoin strategy is tied to its diversified business model, which includes trading, asset management, and investment banking services.
The firm uses its Bitcoin holdings to strengthen its liquidity, manage market exposure, and showcase confidence in the long-term value of digital assets. Galaxy Digital CEO Mike Novogratz is a vocal advocate of Bitcoin, viewing it as a hedge against inflation and a cornerstone of the digital economy.
By maintaining a significant Bitcoin reserve, Galaxy Digital balances operational agility with strategic positioning in a rapidly evolving financial sector. The firm’s holdings also reflect its belief in Bitcoin’s role as a global reserve asset.
Why Bitcoin treasury management matters
Corporate Bitcoin holdings reflect a growing recognition of cryptocurrency as a strategic asset. Companies like MicroStrategy, MARA Holdings, and Galaxy Digital use Bitcoin to diversify their balance sheets, mitigate risks associated with fiat currencies, and protect against inflation.
For a deeper discussion into corporate Bitcoin holdings, don’t miss the next episode of The GEN!USLIVE Podcast, premiering on Dec. 3, 2024, at 9am EST. In this episode, Genius Group CEO Roger Hamilton sits down with Marcus de Maria, founder of Investment Mastery, to discuss Bitcoin treasury strategies. Marcus has made millions in cryptocurrencies and has helped over 50,000 people learn to invest in stocks, crypto, and other assets. Tune in to learn how businesses are using Bitcoin to optimize treasuries, boost liquidity, and protect against inflation in today’s economic climate.
