Ten public companies now hold more than 1 million bitcoin between them, and the gap between the winners and losers on Wall Street has never been wider.
Strategy, the company Michael Saylor built into the world’s largest corporate bitcoin holder, still sits alone at the top with 843,775 BTC on its balance sheet. That is roughly $58 billion at current prices, spread across a business that now issues debt and equity almost entirely to fund more bitcoin purchases.
But the size of a company’s bitcoin stack and the direction of its stock price have split into two very different stories in 2026. Miners are rallying. Treasury companies are getting punished.
The top ten list below ranks the ten largest corporate bitcoin holders as of July 25, 2026, using data compiled from bitcointreasuries.net.
Strategy’s lead is not close. It is approximately 843,775 BTC, which works out to more than 19 times what second-place Twenty One Capital holds. Saylor started buying bitcoin for the former Microstrategy in 2020, back when the idea of a Nasdaq-listed software company converting its treasury into bitcoin sounded fringe.
