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The Bitcoin Power Index tracks known direct Bitcoin holdings of global entities excluding individual holdings through exchanges & self-custody.
Sources include official company filings, media, press & wallet trackers: Arkham, CoinMarketCap, Timechainindex & CoinReserveWatch. Logos provided by Logo.dev. USD value based on $81.3k BTC price as of 2/28/25.
Total BTC holdings tracked as of 3/4/25 is 3,261,974 or 16.45% of all mined BTC. Tilt your phone.
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Bitcoin Top 250 – Direct Holders
| Rank | Logo | Entity | Country | TICKER | Holdings | USD Value (000s) | Updated | Source | Nature |
|---|---|---|---|---|---|---|---|---|---|
| 1 |  | Blackrock iShares Bitcoin ETF | USA | IBIT | 576,046 | 46,843,485 | 02/27/25 | Company Website | ETF / ETP |
| 2 |  | Strategy | USA | MSTR & STRK | 499,096 | 40,585,988 | 02/24/25 | X | Treasury |
| 3 |  | Coinbase Non-Exchange | USA | COIN | 307,823 | 25,031,859 | 02/28/25 | TimeandChain | OTC & Custodian |
| 4 |  | Digital Currency Group (Grayscale) | USA | GBTC & Others | 254,869 | 20,725,722 | 02/28/25 | Company Website | ETF / ETP |
| 5 |  | Fidelity Advantage Bitcoin ETF | USA & Europe | FBTC | 198,439 | 16,136,861 | 02/27/25 | Company Website | ETF / ETP |
| 6 |  | USA | USA | N/A | 198,109 | 16,110,026 | 02/27/25 | Arkham | Gov |
| 7 |  | Wrapped Bitcoin | N/A | N/A | 129,330 | 10,517,015 | 02/28/25 | Website | Contract Deployer |
| 8 |  | Tether | British Virgin Islands | N/A | 94,033 | 7,646,670 | 02/28/25 | Arkham | Stablecoin |
| 9 |  | NYDIG (Stone Ridge subsidiary) | USA | N/A | 72,474 | 5,893,513 | 02/28/25 | TimeandChain | Custodian |
| 10 |  | Bitwise | USA & Germany | BITB & Others | 62,805 | 5,107,235 | 02/27/25 | Company Website | ETF / ETP |
| 11 |  | UK | UK | N/A | 61,245 | 4,980,382 | 02/28/25 | Arkham | Gov |
| 12 |  | Babylon Labs | USA | N/A | 54,821 | 4,457,989 | 02/28/25 | Company Website | Liquid Staking |
| 13 |  | CoinShares | Jersey | CS & Others | 50,168 | 4,079,628 | 02/28/25 | Company Website | ETF / ETP |
| 14 |  | ARK 21Shares Bitcoin ETF | USA | ARKB | 46,698 | 3,797,435 | 02/28/25 | Company Website | ETF / ETP |
| 15 |  | Marathon Holdings | USA | MARA | 46,473 | 3,779,138 | 02/28/25 | X | Mining |
| 16 |  | Binance Pool | Malta | N/A | 41,889 | 3,406,372 | 02/28/25 | Arkham | Mining |
| 17 |  | Block Inc | USA | XYZ | 30,955 | 2,517,230 | 12/31/24 | SEC | Custodian & Crypto Tech |
| 18 |  | cbBTC | USA | N/A | 28,851 | 2,346,134 | 02/28/25 | Arkham | Contract Deployer |
| 19 |  | Copper | Switzerland | N/A | 23,567 | 1,916,445 | 02/28/25 | TimeandChain | Custodian |
| 20 |  | VanEck | USA | HODL | 23,110 | 1,879,303 | 02/28/25 | Company Website | ETF / ETP |
| 21 |  | Purpose Bitcoin ETF | Canada | BTCC | 22,664 | 1,843,014 | 02/28/25 | Company Website | ETF / ETP |
| 22 | Ants Investment Management PTE | China | N/A | 20,000 | 1,626,380 | 05/02/24 | SEC | Asset Manager | |
| 23 |  | Bitget Reserve + Protection Fund | Seychelles | N/A | 19,863 | 1,615,278 | 02/19/25 | Company Website | Exchange |
| 24 |  | Kraken Reserve | USA | N/A | 19,832 | 1,612,683 | 09/30/24 | LedgerLens | Exchange |
| 25 |  | Riot Platforms | USA | RIOT | 18,753 | 1,524,975 | 02/28/25 | Company Website | Mining |
| 26 |  | River | USA | N/A | 18,072 | 1,469,597 | 02/04/25 | Company Website | Custodian |
| 27 |  | Upbit by Dunamu Reserve | South Korea | N/A | 15,963 | 1,298,092 | 12/31/24 | See Notes | Exchange |
| 28 |  | WisdomTree | USA | BTCW & Others | 14,529 | 1,181,511 | 02/27/25 | Company Website | ETF / ETP |
| 29 |  | 21Shares | Switzerland | ABTC | 13,839 | 1,125,349 | 02/27/25 | Company Website | ETF / ETP |
| 30 |  | CI Global Asset Management | Canada | BTCX | 13,755 | 1,118,511 | 02/27/25 | Company Website | ETF / ETP |
| 31 |  | Ignition Fire Bitcoin (fBTC) | N/A | N/A | 13,594 | 1,105,450 | 02/28/25 | Contract Deployer | ETF / ETP |
| 32 |  | Cobo.com | Singapore | N/A | 12,729 | 1,035,110 | 02/28/25 | TimeandChain | Custodian |
| 33 |  | Hashdex | USA | DEFI | 12,529 | 1,018,861 | 02/28/25 | Company Website | ETF / ETP |
| 34 |  | Anchorage Digital | USA | N/A | 11,654 | 947,692 | 02/28/25 | Timechain | Custodian |
| 35 |  | Tesla | USA | TSLA | 11,509 | 935,900 | 02/28/25 | Arkham | Reserve |
| 36 |  | Galaxy Digital Holdings | USA | GLXY TO | 10,952 | 890,606 | 02/28/25 | TimeandChain | Asset Manager |
| 37 |  | Cumberland DRW | USA | N/A | 10,782 | 876,744 | 02/28/25 | TimeandChain | Trading Firm |
| 38 |  | Bhutan | Bhutan | N/A | 10,635 | 864,828 | 02/28/25 | Arkham | Gov |
| 39 |  | CleanSpark | USA | CLSK | 10,556 | 858,403 | 01/31/25 | Company Website | Mining |
| 40 |  | Hut 8 | Canada | HUT | 10,208 | 830,104 | 01/31/25 | PR | Mining |
| 41 |  | Invesco | USA | BTCO | 10,080 | 819,666 | 02/28/25 | Company Website | ETF / ETP |
| 42 |  | SpaceX | USA | N/A | 8,285 | 673,728 | 02/28/25 | Arkham | Reserve |
| 43 |  | 3IQ | Canada | BTCQ & QBTC | 7,876 | 640,497 | 02/28/25 | Company Website | ETF / ETP |
| 44 |  | Franklin Templeton | USA | EZBC | 6,318 | 513,757 | 02/27/25 | Company Website | ETF / ETP |
| 45 |  | El Salvador | El Salvador | N/A | 6,100 | 496,046 | 03/04/25 | X | Gov |
| 46 |  | OKX Reserve | Seychelles | N/A | 5,890 | 478,969 | 02/05/25 | Company Website | Exchange |
| 47 |  | Avalanche | Singapore | N/A | 5,284 | 429,690 | 02/28/25 | Arkham | Smart Contract Platform |
| 48 |  | Jump Trading | USA | N/A | 5,180 | 421,232 | 02/28/25 | TimeandChain | OTC |
| 49 |  | Merlin Chain | USA | N/A | 4,823 | 392,202 | 02/28/25 | TimeandChain | Smart Contract Platform |
| 50 | Lightning Network Capacity (Not Holdings) | N/A | N/A | 4,689 | 381,305 | 02/28/25 | Website | Protocol | |
| 51 |  | Threshold Network (tBTC v1 & v2) | N/A | N/A | 4,491 | 365,204 | 02/28/25 | Website | Contract Deployer |
| 52 |  | Gate.io Reserve | Cayman Islands | N/A | 3,825 | 311,045 | 01/17/25 | PR | Reserve |
| 53 |  | Liquid Federation | N/A | N/A | 3,750 | 304,906 | 02/28/25 | Website | Sidechain |
| 54 |  | Bitcoin Group SE | Germany | ADE DE | 3,580 | 291,129 | 12/17/24 | See Notes | Reserve |
| 55 |  | B2C2 Group | USA | N/A | 3,410 | 277,265 | 02/28/25 | TimeandChain | Trading Firm |
| 56 |  | Hilbert Group | Sweden | HILB B | 3,250 | 264,287 | 02/28/25 | Company Website | Asset Manager |
| 57 |  | Semler Scientific | USA | SMLR | 3,192 | 259,570 | 02/04/25 | X | Reserve |
| 58 |  | Boyaa | Hong Kong | 0434 HK | 3,183 | 258,838 | 11/28/24 | Company Website | Reserve |
| 59 |  | OSL | Hong Kong | 863 HK | 3,115 | 253,309 | 02/28/25 | TimeandChain | Trading Firm |
| 60 |  | Rootstock | N/A | N/A | 2,858 | 232,410 | 02/28/25 | Website | Sidechain |
| 61 | | Binance Reserves | Malta | N/A | 2,747 | 223,375 | 02/01/25 | Company Website | Exchange |
| 62 |  | HIVE Digital | Canada | HIVE | 2,657 | 216,065 | 01/31/25 | Company Website | Mining |
| 63 |  | Evolve Funds | Canada | EBIT & ETC | 2,627 | 213,653 | 02/27/25 | See Notes | ETF / ETP |
| 64 |  | Metaplanet | Japan | 3350.T | 2,391 | 194,434 | 03/02/25 | Company Website | Reserve |
| 65 |  | Ionic Digital | USA | N/A | 2,388 | 194,190 | 02/28/25 | TimeandChain | Mining |
| 66 |  | Huaxia ChinaAMC (Bitcoin ETF) | Hong Kong | 3042 HK | 2,321 | 188,741 | 02/21/25 | Company Website | ETF / ETP |
| 67 |  | Counterparty | USA | N/A | 2,131 | 173,291 | 02/28/25 | Arkham | NFT Marketplace |
| 68 |  | Flow Traders | USA | N/A | 2,091 | 170,038 | 03/03/25 | TimeandChain | Trading Firm |
| 69 |  | Bybit Reserve | UAE | N/A | 2,008 | 163,289 | 02/20/25 | Company Website | Exchange |
| 70 |  | Exodus Movement | USA | EXOD | 2,000 | 162,638 | 02/28/25 | PR | Crypto Tech |
| 71 |  | Cango | China | CANG | 1,945 | 158,141 | 02/28/25 | Company Website | Mining |
| 72 |  | Osprey Bitcoin Trust | USA | OBTC | 1,911 | 155,401 | 02/24/25 | Company Website | ETF / ETP |
| 73 |  | Nexo | Switzerland | N/A | 1,881 | 152,961 | 03/03/25 | TimeandChain | Lender |
| 74 |  | Bitfufu | Singapore | FUFU | 1,742 | 141,658 | 01/31/25 | Company Website | Mining |
| 75 |  | Bosera Funds (Hashkey Bitcoin ETF) | Hong Kong | 3008 HK | 1,606 | 130,571 | 03/03/25 | Company Website | Asset Manager |
| 76 |  | QR Asset Bitcoin ETF | Brazil | QBTC11 | 1,511 | 122,873 | 02/28/25 | Company Website | ETF / ETP |
| 77 |  | Canaan | China | CAN | 1,355 | 110,187 | 02/28/25 | Company Website | Mining |
| 78 |  | Bitfarms | USA | BITF | 1,260 | 102,462 | 02/28/25 | Company Website | Mining |
| 79 |  | QCP Capital | Singapore | N/A | 1,238 | 100,673 | 02/28/25 | Arkham | Asset Manager |
| 80 |  | Checksig | Italy | N/A | 1,158 | 94,167 | 02/28/25 | Company Website | Custodian |
| 81 |  | Cipher Mining | USA | CIFR | 1,091 | 88,719 | 01/31/25 | Company Website | Mining |
| 82 |  | KuCoin Reserve | Seychelles | N/A | 1,043 | 84,816 | 01/31/25 | Company Website | Exchange |
| 83 |  | Bitdeer | Hong Kong | BTDR | 1,039 | 84,490 | 03/01/25 | X | Mining |
| 84 |  | Fold | USA | FLDD | 1,010 | 82,132 | 02/25/25 | X | Reserve |
| 85 |  | WEEX Reserve | Singapore | N/A | 1,001 | 81,400 | 02/01/25 | Company Website | Exchange |
| 86 |  | Deribit Reserve | Panama | N/A | 990 | 80,506 | 02/28/25 | Company Website | Exchange |
| 87 |  | ChainUp | Singapore | N/A | 922 | 74,976 | 02/22/25 | TimeandChain | Custodian |
| 88 |  | tzBTC | N/A | N/A | 849 | 69,059 | 02/22/25 | Website | Contract Deployer |
| 89 |  | Next Technology Holding | China | NXTT | 833 | 67,739 | 09/30/24 | SEC | Reserve |
| 90 |  | Fairlay | UK | N/A | 775 | 63,022 | 01/14/25 | Company Website | Gambling |
| 91 |  | Bit Digital | USA | BTBT | 769 | 62,510 | 01/31/25 | Company Website | Mining |
| 92 |  | BTC Digital Ltd. | Singapore | BTCT | 736 | 59,851 | 09/30/24 | SEC | Mining |
| 93 |  | Virtune | Sweden | VIRBTC | 730 | 59,401 | 01/03/25 | Company Website | ETF / ETP |
| 94 |  | Coinswitch | India | N/A | 692 | 56,284 | 10/22/24 | Company Website | Exchange |
| 95 |  | SOS Limited | China | SOS | 676 | 54,972 | 05/15/24 | SEC | Mining |
| 96 |  | Core Scientific | USA | CORZ | 663 | 53,937 | 02/22/25 | Arkham | Mining |
| 97 |  | KULR Technology Group | USA | KULR | 610 | 49,605 | 02/10/25 | X | Reserve |
| 98 |  | Remixpoint | Japan | 3825.T | 537 | 43,628 | 02/04/25 | Company Website | Reserve |
| 99 |  | Samara Asset Group | Malta | CAGPF | 520 | 42,286 | 01/17/25 | Company Website | Reserve |
| 100 |  | Wintermute | UK | N/A | 507 | 41,242 | 02/22/25 | Arkham | Trading Firm |
| 101 |  | Deutsche Digital Assets | Germany | XBTI & SLTC | 506 | 41,179 | 01/07/25 | Yahoo | ETF / ETP |
| 102 |  | Ming Shing Group Holdings | Hong Kong | MSW | 500 | 40,660 | 01/09/25 | SEC | Reserve |
| 103 |  | Alliance Resource Partners | USA | ARLP | 482 | 39,196 | 12/31/24 | SEC | Mining |
| 104 |  | AntPool | N/A | N/A | 478 | 38,894 | 02/11/25 | Arkham | Mining |
| 105 |  | DMG Blockchain | Canada | DMGI | 445 | 36,187 | 02/28/25 | Company Website | Mining |
| 106 |  | Genius Group | USA | GNS | 440 | 35,780 | 01/31/25 | Company Website | Reserve |
| 107 |  | Seetee (Aker ASA subsidiary) | Norway | AKER.OL | 424 | 34,479 | 12/31/24 | See Notes | Reserve |
| 108 |  | MercadoLibre | Uruguay | MELI | 413 | 33,560 | 12/31/24 | Company Website | Reserve |
| 109 |  | Nano Labs | China | NA | 400 | 32,528 | 02/21/25 | SEC | Reserve |
| 110 |  | Neptune Digital Assets | Canada | NPPTF | 376 | 30,576 | 02/04/25 | Company Website | Mining |
| 111 |  | XT.com Reserve | UAE | N/A | 369 | 30,014 | 01/23/25 | Company Website | Reserve |
| 112 |  | Harvest Global Investments (Bitcoin ETF) | Hong Kong | 3439 HK | 367 | 29,817 | 01/09/24 | Company Website | ETF / ETP |
| 113 |  | Net Holding Anonim Sirketi | Turkey | NTHOL IS | 352 | 28,627 | 09/30/24 | Company Website | Reserve |
| 114 |  | BingX Reserve | Singapore | SLNH | 335 | 27,210 | 01/03/25 | Company Website | Exchange |
| 115 |  | Jasmine International | Thailand | JAS | 333 | 27,119 | 09/30/24 | Company Website | Mining |
| 116 |  | DigitalX Bitcoin ETF | Australia | BTXX | 328 | 26,685 | 01/10/25 | See Notes | ETF / ETP |
| 117 |  | Webmoney.ru | Russia | N/A | 319 | 25,941 | 02/28/25 | Arkham | Mining |
| 118 |  | Monochrome Bitcoin ETF | Australia | IBTC | 317 | 25,778 | 03/04/25 | X | ETF / ETP |
| 119 |  | Cloudbet | Curaçao | N/A | 317 | 25,778 | 01/13/25 | Arkham | Gambling |
| 120 |  | Luna Foundation Guard | Singapore | N/A | 313 | 25,455 | 01/13/25 | Arkham | Contract Deployer |
| 121 |  | Consensus Mining | USA | N/A | 310 | 25,209 | 09/30/24 | Company Website | Mining |
| 122 |  | Angel Studios | USA | N/A | 300 | 24,396 | 10/15/24 | SEC | Reserve |
| 123 |  | Ledn | Canada | N/A | 277 | 22,560 | 02/11/25 | TimeandChain | Lender |
| 124 |  | Tezos Foundation | Switzerland | N/A | 271 | 22,037 | 12/31/24 | Company Website | Charity |
| 125 |  | Phoenix Digital Assets | UK | PNIX | 250 | 20,330 | 06/30/24 | Company Website | Asset Manager |
| 126 |  | The9 Limited | China | NCTY | 231 | 18,785 | 12/31/23 | SEC | Mining |
| 127 |  | Wemade | South Korea | 112040 KQ | 223 | 18,134 | 09/30/24 | Company Website | Reserve |
| 128 |  | DEFI Technologies | Canada | DEFI NE | 221 | 17,985 | 09/30/24 | PR | Crypto Tech |
| 129 |  | iClick Interactive Group | Hong Kong | ICLK | 216 | 17,600 | 06/30/24 | SEC | Asset Manager |
| 130 |  | SBI Crypto Pool | Japan | 8473 T | 212 | 17,240 | 02/28/25 | TimeandChain | Mining |
| 131 |  | Instawallet | UK | N/A | 193 | 15,720 | 02/11/25 | Arkham | Mining |
| 132 |  | LQWD Tech | Canada | LQWD | 161 | 13,092 | 01/21/25 | Company Website | Crypto Tech |
| 133 |  | FRMO Corp | USA | FRMO | 159 | 12,889 | 11/30/24 | Company Website | Asset Manager |
| 134 |  | LM Funding America | USA | LMFA | 158 | 12,865 | 01/31/25 | Company Website | Mining |
| 135 |  | MEXC Reserve | Seychelles | N/A | 156 | 12,648 | 11/30/24 | Company Website | Reserve |
| 136 |  | Linekong Interactive | Hong Kong | 8267 HK | 143 | 11,620 | 06/30/24 | Company Website | Reserve |
| 137 |  | HTX Reserve | Seychelles | N/A | 142 | 11,547 | 02/01/25 | Company Website | Exchange |
| 138 |  | ViaBTC | China | N/A | 137 | 11,178 | 02/04/25 | Arkham | Mining |
| 139 |  | Phoenix Group PLC | UAE | PHX | 131 | 10,653 | 12/31/24 | Company Website | Mining |
| 140 |  | Huobi BTC (Unverified) | N/A | N/A | 124 | 10,114 | 01/13/25 | Etherscan | Contract Deployer |
| 141 |  | Brooker Group | Thailand | BROOK TB | 122 | 9,947 | 12/31/23 | See Notes | Asset Manager |
| 142 |  | Digihost Technology | USA | DGHI | 120 | 9,758 | 02/28/25 | SEC – Estimated from cash BTC cash dep paragraph | Mining |
| 143 |  | F2Pool | N/A | N/A | 116 | 9,424 | 03/03/25 | Arkham | Mining |
| 144 |  | Spider Pool | Singapore | N/A | 112 | 9,069 | 02/04/25 | TimeandChain | Mining |
| 145 |  | Union Chain | N/A | N/A | 103 | 8,369 | 01/13/25 | Arkham | Crypto Tech |
| 146 |  | SAIHEAT | Singapore | SAIH | 102 | 8,295 | 11/21/24 | Company Website | Mining |
| 147 |  | Okcoin Reserves | USA | N/A | 101 | 8,213 | 01/01/25 | Company Website | Exchange |
| 148 |  | Cardone Capital | USA | N/A | 100 | 8,132 | 12/26/24 | See Notes | Reserve |
| 149 |  | kBTC (Kraken) | USA | N/A | 100 | 8,132 | 02/11/25 | Mempool.space | Contract Deployer |
| 150 |  | Nitrogen Sports | Costa Rica | N/A | 91 | 7,400 | 01/13/25 | Arkham | Gambling |
| 151 |  | Real Bedford FC | UK | N/A | 83 | 6,725 | 07/21/24 | X | Reserve |
| 152 |  | Bitcoin Depot | USA | BTM | 83 | 6,717 | 02/26/25 | See Notes | Crypto Tech |
| 153 |  | Yuxing | Hong Kong | 8005 HK | 78 | 6,359 | 12/31/24 | Company Website | Reserve |
| 154 |  | Winland Mining | USA | WELX | 77 | 6,262 | 09/30/24 | OTC Markets | Mining |
| 155 |  | Matador Technologies | Canada | MATA | 68 | 5,541 | 02/05/25 | Company Website | Crypto Tech |
| 156 |  | SaveLIFE | India | N/A | 66 | 5,398 | 01/13/25 | Arkham | Charity |
| 157 |  | Greenidge Generation | USA | GREE | 61 | 4,960 | 09/30/24 | SEC | Mining |
| 158 |  | CoinEx Reserve | Hong Kong | N/A | 60 | 4,856 | 11/30/24 | Company Website | Exchange |
| 159 |  | Phemex Reserve | Singapore | N/A | 58 | 4,687 | 01/01/25 | Company Website | Exchange |
| 160 | AsicMining | N/A | N/A | 57 | 4,649 | 01/13/25 | Arkham | Mining | |
| 161 |  | Circle | USA | N/A | 57 | 4,635 | 01/13/25 | Arkham | Stablecoin |
| 162 |  | Cathedra Bitcoin | Canada | CBIT | 48 | 3,911 | 11/27/24 | Company Website | Mining |
| 163 |  | BIGG Digital Assets | Canada | BBKCF | 47 | 3,798 | 09/30/24 | Company Website | Crypto Tech |
| 164 |  | WonderFi Reserve | Canada | WNDR | 39 | 3,171 | 09/30/24 | Company Website | Crypto Tech |
| 165 |  | Synth sBTC | N/A | N/A | 39 | 3,147 | 01/13/25 | Etherscan | Contract Deployer |
| 166 |  | iBTC | N/A | N/A | 38 | 3,128 | 01/13/25 | Arkham | Contract Deployer |
| 167 |  | Luxor Technology | USA | N/A | 37 | 3,008 | 02/24/25 | Arkham | Mining |
| 168 | eXch.cx Reserve | Belize | N/A | 37 | 3,006 | 02/24/25 | Company Website | Exchange | |
| 169 |  | Enigma Securities | USA | N/A | 37 | 2,979 | 02/06/25 | Arkham | OTC |
| 170 |  | Freewallet | Hong Kong | N/A | 36 | 2,940 | 02/04/25 | Arkham | Mining |
| 171 |  | Braiins Mining Pool | Czech Republic | N/A | 34 | 2,777 | 02/04/25 | Arkham | Mining |
| 172 |  | OneMedNet | USA | ONMD | 34 | 2,765 | 11/12/24 | Company Website | Reserve |
| 173 |  | Sato Technologies | Canada | CCPUF | 28 | 2,277 | 01/31/25 | Company Website | Mining |
| 174 |  | AMP | Australia | N/A | 27 | 2,196 | 12/12/24 | See Notes | Asset Manager |
| 175 |  | SEC Pool | N/A | N/A | 26 | 2,101 | 02/24/25 | Arkham | Mining |
| 176 |  | Blockchain Group | France | ALTBG EPA | 25 | 2,033 | 12/05/24 | PR | Crypto Tech |
| 177 |  | Jacobi FT Wilshire Bitcoin ETF | UK | N/A | 25 | 2,032 | 01/08/25 | See Notes | ETF / ETP |
| 178 |  | Vinanz | UK | BTC AQ | 24 | 1,913 | 02/29/24 | Company Website | Mining |
| 179 |  | Kontrol Technologies | Canada | KNR | 24 | 1,911 | 11/14/24 | See Notes | Reserve |
| 180 |  | NiceHash | British Virgin Islands | N/A | 20 | 1,594 | 01/13/25 | Arkham | Mining |
| 181 |  | Bake.io (Cake DeFI) | Singapore | N/A | 20 | 1,591 | 01/13/25 | Arkham | Validator |
| 182 |  | Thumzup Media | USA | TZUP | 19 | 1,554 | 01/28/25 | Company Website | Reserve |
| 183 |  | BIT Mining | USA | BTCM | 19 | 1,550 | 12/31/24 | Company Website | Mining |
| 184 |  | Gryphon Digital | USA | GRYP | 18 | 1,494 | 11/30/24 | See Notes | Mining |
| 185 |  | ABITS Group | Hong Kong | ABTS | 16 | 1,334 | 12/31/23 | SEC | Mining |
| 186 |  | Korbit (NXC) Reserve | South Korea | N/A | 15 | 1,244 | 02/20/25 | Company Website | Exchange |
| 187 |  | Jetking | India | JETKINGQ | 15 | 1,202 | 02/11/25 | Company Website | Reserve |
| 188 |  | NameSilo | Canada | URL | 14 | 1,172 | 09/30/24 | SEDAR | Reserve |
| 189 |  | M4 Mining (Carbon Negative) | Norway | N/A | 13 | 1,046 | 01/24/25 | Arkham | Mining |
| 190 |  | “JAN3” | USA | N/A | 12 | 976 | 01/05/25 | Company Website | Reserve |
| 191 |  | Blofin Reserve | Cayman Islands | N/A | 12 | 935 | 01/09/25 | Company Website | Reserve |
| 192 |  | DMINT | USA | DMNT | 11 | 906 | 12/31/23 | SEC | Mining |
| 193 |  | Intesa Sanpaolo | Italy | ISPNY | 11 | 895 | 01/14/25 | Article | Reserve |
| 194 |  | Intchains | China | ICG | 10 | 837 | 12/31/24 | Company Website | Reserve |
| 195 |  | Quantum Biopharma | Canada | QNTM | 10 | 813 | 12/20/24 | SEC | Reserve |
| 196 |  | OpenNode | USA | N/A | 9 | 719 | 01/21/25 | TimeandChain | Crypto Tech |
| 197 |  | HK Asia Holdings | Hong Kong | 01723 HK | 9 | 716 | 02/23/25 | X | Reserve |
| 198 |  | Bitcoin Well Inc. | Canada | BTCW | 8 | 612 | 12/03/24 | Company Website | Reserve |
| 199 |  | Stake | Curaçao | N/A | 7 | 576 | 02/24/25 | Arkham | Gambling |
| 200 |  | Where Food Comes From | USA | WFCF | 7 | 569 | 12/31/24 | Company Website | Reserve |
| 201 |  | Athena Bitcoin Global | USA | ABIT | 7 | 569 | 09/30/24 | OTC Markets | Crypto Tech |
| 202 |  | Ocean.xyz | N/A | N/A | 7 | 555 | 02/24/25 | Arkham | Mining |
| 203 |  | Fintech Select | Canada | FTEC | 7 | 538 | 12/31/23 | SEDAR | Crypto Tech |
| 204 |  | imToken | Singapore | N/A | 6 | 497 | 01/13/25 | Arkham | Crypto Tech |
| 205 |  | Integrated Ventures | USA | INTV | 6 | 468 | 12/31/24 | SEC | Mining |
| 206 |  | TeraWulf | USA | WULF | 5 | 407 | 12/31/24 | Company Website | Mining |
| 207 |  | Tokka Labs | Singapore | N/A | 5 | 407 | 12/08/24 | TimeandChain | OTC |
| 208 |  | Rollbit | Curaçao | N/A | 5 | 383 | 11/30/24 | Arkham | Gambling |
| 209 |  | Bit Origin Ltd | Singapore | BTOG | 5 | 363 | 06/30/24 | SEC | Mining |
| 210 |  | Ourbit Reserve | India | N/A | 4 | 296 | 12/31/24 | Company Website | Exchange |
| 211 |  | Sol Strategies | Canada | HODL | 3 | 258 | 12/11/24 | PR | Reserve |
| 212 |  | Ultimus Pool | N/A | N/A | 3 | 257 | 02/21/25 | TimeandChain | Mining |
| 213 |  | Poolin | USA | N/A | 3 | 256 | 02/21/25 | TimeandChain | Mining |
| 214 | BitcoinDentist.com.au | Australia | N/A | 3 | 243 | 02/21/25 | TimeandChain | Reserve | |
| 215 |  | Cryptostar Corp | Canada | CSTR | 3 | 239 | 12/31/23 | SEDAR | Reserve |
| 216 |  | Triple Eyes Inc | Japan | N/A | 3 | 203 | 11/27/24 | Company Website | Reserve |
| 217 |  | Roobet | Curaçao | N/A | 2 | 187 | 02/24/25 | Arkham | Gambling |
| 218 |  | Sinohope | Hong Kong | 1611 HK | 2.2 | 181 | 45565 | Company Website | Asset Manager |
| 219 |  | Argo Blockchain | USA | ARBK | 2 | 163 | 45657 | SEC | Mining |
| 220 |  | BitMine Immersion Technologies | USA | BMNR | 1.5 | 125 | 45626 | SEC | Mining |
| 221 |  | Banxa Holdings | Canada | BNXAF & BNXA | 1.4 | 112 | 45473 | Company Website | Crypto Tech |
| 222 |  | Sphere 3D | Canada | ANY | 1.3 | 106 | 45565 | Company Website | Mining |
| 223 |  | MagicEden | 0 | N/A | 1.3 | 104 | 45709 | Arkham | NFT Marketplace |
| 224 | Great Australian Dental Holdings Co. | Australia | N/A | 1.2 | 101 | 45539 | X | Reserve | |
| 225 |  | Exem Co | South Korea | 205100 KQ | 1.1 | 89 | 45565 | DART | Reserve |
| 226 |  | Soluna | USA | SLNH | 1 | 81 | 45626 | Mining Report | Mining |
| Entity | Notes |
|---|---|
| Upbit by Dunamu Reserve | Company Website – Estimated from 8.3% reserves in filing |
| Evolve Funds | Company Website – Estimated from $386m AUM |
| Bitcoin Group SE | Company Website – Estimated from 280.9 Euro / BTC price on 6/30/24 |
| Seetee (Aker ASA subsidiary) | Company Website – Estimate – 450m NOK / BTC Spot |
| DigitalX Bitcoin ETF | Company Website – Estimate 4.436 AUS to USD / BTC Spot |
| Brooker Group | Company Website – Estimate – $25.3 USD digital assets, BTC/ETH/Binance/Stablecoins = 60% |
| Cardone Capital | Company Website – Conservative estimate from PR quoting 8-figure Bitcoin purchase. Assumed $100k purchase price. |
| AMP | Company website – estimated from $27m buy in news story |
| Jacobi Asset Management FT Wilshire Bitcoin ETF | Company Website – Estimated $3m holdings / $90k BTC price on Nov. 14 |
| Jacobi Asset Management FT Wilshire Bitcoin ETF | Company Website – Estimated $3m holdings / $90k BTC price on Nov. 14 |
| Kontrol Technologies | Company Website – Estimated $3m holdings / $90k BTC price on Nov. 14 |
| Bitcoin Depot | Company Website – Estimated from 1311000 Crypto holdings / 63329 9-30-24 price |