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Companies Hold 1.6 Million Bitcoin 8 Percent Total Supply
Bitcoin News now admin /

​Companies with bitcoin on their balance sheets now hold 1,660,473 BTC, almost 8% of the total bitcoin supply, according to data from Bitcoin Treasuries. MicroStrategy leads the way with 108,991 bitcoin being held, around half percent of the total supply, representing a whopping 75% of the software intelligence company’s total market capitalization.

Tesla sits in second place, still holding the 43,200 bitcoin it acquired at the beginning of 2021. The electric car maker is followed by Square, Marathon Digital Holdings, and Coinbase. The fintech payment solutions firm holds a little over eight thousand BTC, whereas the bitcoin miner MARA has allocated 5,425 bitcoin to its balance sheet. Coinbase, the largest U.S. exchange, closes up the top five with a shy 4,487 bitcoin bag.