Bitcoin Holdings by Public Companies: Strategy Holds Around 70% of the Total

151 public companies are now holding 1.17M Bitcoin worth $89.69B as of April 28, 2026. That’s $89.69 billion in total value. That’s 5.56% of the total Bitcoin supply sitting on corporate balance sheets. 

Strategy alone accounts for 818,334 BTC valued at $62.77 billion, which is the bulk of the total. The disparity between Strategy and everyone else is the story this data tells more than anything else.

Strategy’s Position Is the Outlier

Strategy holds 818,334 BTC. That’s $62.77 billion at current prices. To put that in perspective, the next nine companies on the list combined hold less than 250,000 BTC. Strategy isn’t just leading the public company Bitcoin race. It’s playing a different game entirely.

This kind of concentration creates an interesting dynamic. When discussions happen about institutional Bitcoin adoption, Strategy’s position skews the entire data set. The 5.56% public company dominance figure looks impressive until you realize one company owns roughly 70% of that total.

The Mining Sector Dominates the Rest

After Strategy, the top tier is mostly Bitcoin miners. Marathon Digital Holdings sits at 38,689 BTC ($2.97B). Riot Platforms holds 15,680 BTC ($1.20B). Hut 8 Corp has 15,679 BTC ($1.20B). CleanSpark rounds out the top ten with 13,561 BTC ($1.04B).

Mining companies holding Bitcoin makes structural sense. They produce it. The question is whether they hold it or sell it to fund operations. The fact that these miners are sitting on substantial reserves rather than liquidating immediately tells you something about how mining executives view the asset they’re producing.

The Investment Firms Add a Different Layer

Twenty One Capital holds 37,229 BTC. Metaplanet holds 35,102 BTC. Bullish has 24,340 BTC. Galaxy Digital Holdings holds 17,102 BTC. Coinbase has 14,458 BTC.

These are firms accumulating Bitcoin as a treasury or investment strategy rather than as a byproduct of operations. Metaplanet, in particular, has been an aggressive accumulator out of Japan, building a position that puts it in the global top ten.

Twenty One Capital’s 37,229 BTC position represents a serious institutional commitment that didn’t exist on this scale a year ago.

What 5.56% Public Company Dominance Actually Means

5.56% of total Bitcoin supply held by 151 public companies is a meaningful number. It means more than one in twenty Bitcoin sits on a corporate balance sheet that has to disclose holdings publicly. 

That transparency creates feedback loops. When Strategy buys, the market sees it. When Marathon holds rather than sells, that information becomes public.

Public company Bitcoin dominance matters for reasons that go beyond raw supply numbers. These are entities with fiduciary obligations. Quarterly reporting requirements. Shareholder accountability.

When they accumulate, it means something different than when an individual or fund does. The position has to be defended in board meetings and earnings calls. It represents formal corporate strategy, audited holdings, and long-term positions that aren’t getting unwound on a sentiment shift.

The 151 company total also matters. Adoption has spread well beyond a handful of conviction buyers. There are now enough public companies holding Bitcoin that the dataset itself has analytical value as a category.

Conclusion

151 public companies now hold over 1.17 million BTC worth $89.69 billion, with Strategy alone owning more than two-thirds of the total. 

The list spans miners, investment firms, and corporate treasuries across multiple jurisdictions. The 5.56% public company dominance number tells you something. Bitcoin accumulation by institutions isn’t speculative anymore. It’s structural.

Whether Strategy’s outlier position becomes the new normal or stays an anomaly is the question worth watching through the rest of 2026.