Bitcoin Treasuries of Public Bitcoin Miners

Publicly traded Bitcoin miners report a combined 107,810.27 BTC held as of Jul 31, 2025. By default, this page shows the latest data from each company.

Bitcoin Holdings

Total Bitcoin Holdings

107,810.27 BTC
1.67% (MoM)

Total Value

$12.05B
-3.55% (MoM)

% of 21M Supply

0.51 %
1.67% (MoM)

Companies Tracked

23 11 companies reported data this month

Bitcoin Holdings Table

# Company Bitcoin Treasury 1M % 6M % YoY % Value Sats/Share mNAV %Mcap
1
MARA logo MARA Holdings, Inc. MARA
50,639 BTC 1.40% 10.91% 143.25% $5.49B 13,669 1.07 92.66%
2
RIOT logo Riot Platforms, Inc. RIOT
19,287 BTC 0.07% 5.85% 98.75% $2.09B 5,398 2.43 41.08%
3
CLSK logo CleanSpark, Inc. CLSK
12,703 BTC 0.75% 20.34% 79.37% $1.38B 4,521 1.93 51.67%
4
HUT logo Hut 8 Corp. HUT
10,667 BTC 4.88% 17.16% $1.16B 10,235 2.44 40.95%
5
CANG logo Cango Inc. CANG
4,529 BTC 16.77% 207.72% $490.99M 4,362 1.0 99.33%
6
FUFU logo BitFuFu, Inc. FUFU
1,784 BTC -0.45% 2.41% $193.37M 1,093 3.3 30.24%
7
BTDR logo Bitdeer Technologies Group BTDR
1,667 BTC 10.99% 130.25% $180.69M 847 15.33 6.51%
8
CAN logo Canaan, Inc. CAN
1,511 BTC 1.82% 14.56% $163.78M 526 1.45 68.61%
9
CIFR logo Cipher Mining, Inc. CIFR
1,219 BTC 14.68% 11.73% -46.30% $132.13M 363 22.73 4.39%
10
BITF logo Bitfarms Ltd. BITF
1,005 BTC -11.84% -15.40% 21.08% $108.94M 198 6.83 14.63%
11
CORZ logo Core Scientific, Inc. CORZ
969 BTC 34.40% $105.03M 329 41.75 2.39%
12
HIVE logo HIVE Digital Technologies Ltd. HIVE
610 BTC -77.52% -75.11% $66.12M 338 9.56 10.45%
13
NDA logo Neptune Digital Assets Corp. NDA
401 BTC $43.47M 315 2.22 45.00%
14
DMGI logo DMG Blockchain Solutions, Inc. DMGI
307 BTC -9.97% -28.77% -30.86% $33.28M 151 1.09 90.96%
15
BMNR logo Bitmine Immersion Technologies, Inc. BMNR
154 BTC $16.71M 298 451.94 0.22%
16
LMFA logo LM Funding America, Inc. LMFA
150 BTC -3.28% -4.93% 13.51% $16.3M 2,929 0.4 249.82%
17
GREE logo Greenidge Generation Holdings, Inc. GREE
85 BTC $9.21M 743 2.08 47.85%
18
DGXX logo Digi Power X Inc. DGXX
61 BTC 52.50% -49.21% $6.61M 136 14.8 6.75%
19
CBIT logo Cathedra Bitcoin, Inc. CBIT
28 BTC $3.13M 3 11.01 9.07%
20
ANY logo Sphere 3D Corp. ANY
20 BTC 37.58% 184.72% $2.22M 77 7.74 12.91%
21
GRYP logo Gryphon Digital Mining, Inc. GRYP
9 BTC -36.00% -83.73% $1.04M 23 122.19 0.81%
22
ARBK logo Argo Blockchain PLC ARBK
2 BTC -33.33% $216.79K 3 75.59 1.32%
23
BTBT logo Bit Digital, Inc. BTBT
0 BTC -100.00% -100.00% $0 0 0.00%

Learn more about Bitcoin Treasuries and our calculations.


Treasuries FAQ

About Bitcoin Treasuries

Bitcoin mining companies accumulate significant amounts of Bitcoin through their operations, and many choose to hold onto or even buy more Bitcoin on the open market as a long-term Bitcoin treasury strategy. Monitoring Bitcoin treasuries across these publicly traded mining companies provides valuable insights for investors, particularly if seeking exposure to Bitcoin's market movements. Here you can find out which Bitcoin mining companies own the most Bitcoin, updated monthly.

Historical Bitcoin Treasury Data

You can explore historical Bitcoin Treasury data by scrolling through monthly records or selecting specific mining companies to view their entire treasury history. Key metrics are also visualized through interactive charts to help you analyze trends over time.

Bitcoin Treasury Value

Value refers to the USD equivalent of a company’s Bitcoin Treasury based on the date the company last reported its Bitcoin holdings. This figure represents the estimated worth of the company’s Bitcoin at that specific point in time, using the prevailing market price of Bitcoin on the reporting date. It’s important to note that this value does not update in real-time with Bitcoin’s price, as it reflects the snapshot provided in the company’s most recent disclosure.

Satoshis (Sats) Per Share

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

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 at the time they were last 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.

Bitcoin Value as a Percentage of Market Cap (%Mcap)

%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.

Data Source

Companies' press releases and SEC filings.