The number of public companies holding significant Bitcoin positions has more than doubled in a single year. According to Fidelity Digital Assets’ 2026 Look Ahead report, 49 public companies held at least 1,000 BTC by the end of 2025, up from just 22 at the close of 2024.

Collectively, those firms now control nearly 5% of Bitcoin’s hard-capped 21 million coin supply.

The corporate Bitcoin arms race

Strategy, the firm formerly known as MicroStrategy, leads the pack with roughly 847,000 BTC. The rest of the leaderboard isn’t exactly close. Twenty One Capital holds approximately 43,500 BTC. Metaplanet sits at around 40,000 BTC. MARA Holdings rounds out the top tier with about 36,000 BTC.

By early June 2026, the total count of public companies with Bitcoin on their balance sheets had expanded further. Trackers reported between 170 and 199 public companies holding approximately 1.265 million BTC, representing around 6% of Bitcoin’s total supply. That stash was worth roughly $76 billion at prevailing prices.

In May 2026 alone, public companies added a net 43,557 BTC to their collective holdings. Strategy led the monthly additions, and new disclosures from companies like SpaceX added fresh names to the roster.

Not all holders are created equal

Fidelity’s report breaks these corporate holders into three categories. First, there are “Native” companies — Bitcoin miners and crypto-native firms that accumulate BTC as a natural byproduct of their business operations. Second, “Strategic” holders — companies that have made a deliberate decision to build a Bitcoin treasury as their primary business strategy. Strategy is the obvious example. Third, “Traditional” companies — non-crypto businesses that have decided to park some treasury funds in Bitcoin.

Despite being fewer in number, Strategic firms hold the majority of all corporate Bitcoin reserves.