Bitcoin Treasuries of Public Bitcoin Miners

Publicly traded Bitcoin miners report a combined 93,527.05 BTC held as of Jul 24, 2026, about 0.44% of the circulating Bitcoin supply. Our real-time tracker covers corporate BTC holdings with proprietary metrics like mNAV (multiple on net asset value), sats per share, and Bitcoin value as a percentage of market cap.

Tip: click Bitcoin Holdings or Total Value below to chart its history.

Bitcoin Holdings

Monthly Flows

# Company Bitcoin Treasury 1M % 6M % YoY % Value Sats/Share mNAV %Mcap Last Updated
1
MARA
MARA Holdings, Inc. MARA
35,303 BTC
2
RIOT
Riot Platforms, Inc. RIOT
15,680 BTC
3
CLSK
CleanSpark, Inc. CLSK
13,924 BTC1
4
HUT
Hut 8 Corp. HUT
10,278 BTC
5
ABTC
American Bitcoin Corp. ABTC
7,021 BTC
6
KEEL
Keel Infrastructure Corp. KEEL
2,450 BTC1
7
CAN
Canaan, Inc. CAN
1,915 BTC
8
FUFU
BitFuFu, Inc. FUFU
1,671 BTC
9
CIFR
Cipher Digital Inc. CIFR
1,117 BTC1
10
CANG
Cango Inc. CANG
1,065 BTC
Showing data for only.

About Our Bitcoin Treasury Data

Our Bitcoin Treasuries section focuses on verified, confirmed holdings of spot Bitcoin by publicly traded companies. We prioritize transparency and reliability to provide accurate insights for investors. Below, we outline key differences in our tracking methodology to ensure data integrity.

An increasing number of companies are choosing buy and hold BTC as part of a long-term Bitcoin treasury strategy. Here we provide valuable insights for investors seeking exposure to Bitcoin through public markets. Compare treasury holdings alongside stock performance data, review earnings call transcripts where treasury announcements are often made, and monitor insider trading activity for Bitcoin treasury companies.

We avoid third-party data submissions which are known to introduce biases. Our software independently obtains holdings updates from primary sources in real time. Identified data undergoes manual verification before figures are added to our dataset. This ensures reliable, independent tracking.

We do not include over-the-counter (OTC) stocks in our listings. These often suffer from low trading volume, limited regulatory oversight, and a higher risk of fraudulent or activities, which could mislead users. Our scope is limited to major exchange-listed (e.g., NASDAQ, NYSE) public companies for verifiable and liquid exposure.

Mere announcements of intended Bitcoin acquisitions are not counted as confirmed holdings. We only track actual, reported ownership to avoid speculation. For example, if a company states plans to buy 1,000 BTC but has not yet confirmed the completion of this via filings or press release, it won't appear in our data.

We distinguish between direct spot Bitcoin ownership and holdings in Bitcoin exchange-traded funds (ETFs). ETF positions are not treated as equivalent to a company's own treasury reserves, as they represent pooled, managed assets rather than direct corporate custody. This ensures our metrics reflect true on-balance-sheet Bitcoin exposure, such as in satoshis per share calculations. As such, companies who purely have holdings in Bitcoin ETFs are excluded from our platform.

You can explore historical Bitcoin Treasury data by scrolling through monthly records or selecting specific companies to view acquisitions and disposals of BTC. Key metrics are also visualized through interactive charts to help you analyze trends over time.

Value refers to the USD equivalent of a company's Bitcoin Treasury. By default, this figure is calculated using the current Bitcoin market price for the most recent holdings data. When viewing historical data, the value is calculated based on the Bitcoin market price on the date the holdings were reported. This approach ensures the valuation reflects the price at the time of each disclosure, providing an accurate snapshot of the company's Bitcoin worth for both current and past reports.

Satoshis per Share is a metric that shows how much Bitcoin exposure an investor gains per share of a publicly traded company's stock, measured in Satoshis (the smallest unit of Bitcoin). It's calculated by converting the company's total Bitcoin holdings into Satoshis (1 Bitcoin = 100,000,000 Satoshis) and dividing by the number of outstanding shares. For example, if a company holds 5,000 BTC and has 50 million shares outstanding, it would have 10,000 Satoshis per share.

mNAV, or Bitcoin NAV Multiple, is a metric that shows how highly a company's Bitcoin treasury is valued by the market. It's calculated by dividing the company's market capitalization by the USD value of its Bitcoin holdings. By default, the USD value is calculated using the current Bitcoin market price for the most recent holdings data. When viewing historical data, the USD value is based on the Bitcoin market price on the date the holdings were reported. For example, if a company has a market cap of $500 million and holds $100 million worth of Bitcoin, its mNAV would be 5. This means the market is valuing the company at 5 times the value of its Bitcoin holdings, potentially reflecting premiums for other assets, operations, or investor sentiment.

%Mcap is the percentage of a company's market capitalization that is represented by the USD value of its Bitcoin Treasury. It is calculated by dividing the value of the company's Bitcoin holdings (in USD) by its total market cap, then multiplying by 100 to express it as a percentage. This metric gives investors a sense of how significant Bitcoin is to the company's overall valuation.

Bitcoin treasury holdings refer to the BTC held by publicly traded companies on their corporate balance sheets as a treasury reserve asset. Companies adopt a Bitcoin treasury strategy for various reasons, including diversifying corporate reserves and gaining exposure to Bitcoin's long-term appreciation potential.

The top Bitcoin treasury companies by BTC holdings are: 1) MARA Holdings, Inc. (MARA) with 35,303 BTC, 2) Riot Platforms, Inc. (RIOT) with 15,680 BTC, 3) CleanSpark, Inc. (CLSK) with 13,924 BTC, 4) Hut 8 Corp. (HUT) with 10,278 BTC, 5) American Bitcoin Corp. (ABTC) with 7,021 BTC . Rankings are updated in real time as companies disclose new holdings data. Use our tracker to compare companies by BTC holdings, mNAV, sats per share, and other key metrics.

As of today, Ziven tracks 25 publicly traded companies that hold Bitcoin as a treasury asset, with real-time data on their BTC holdings, mNAV (multiple on net asset value), sats per share, and other proprietary metrics that most other trackers don't offer.