Leaderboard · Updated every Monday
Top 10 Bitcoin Treasury Companies
Data as of · USD values at BTC = $80,049, close of 2026-10-25 (CoinGecko daily close)
- Top 10 hold
- 1,098,290
- BTC
- Net change, week
- +6,182
- BTC vs last Monday
- Top 10 value
- $87.92B
- USD at reference price
| Rank | Company | Country | BTC held | Δ week | USD value | mNAV |
|---|---|---|---|---|---|---|
| 1– | Strategy (MSTR) | US | 848,517 | — | $67.92B | 0.89× |
| 2– | Metaplanet (3350) | Japan | 44,000 | — | $3.52B | 0.59× |
| 3– | Twenty One Capital (XXI) | US | 43,514 | — | $3.48B | 0.55× |
| 4– | Strive (ASST) | US | 43,000 | +6,182 | $3.44B | 1.04× |
| 5– | MARA Holdings (MARA) | US | 35,577 | — | $2.85B | 0.93× |
| 6– | Bullish (BLSH) | Cayman Islands | 19,990 | — | $1.60B | 2.65× |
| 7– | SpaceX (SPCX) | US | 18,712 | — | $1.50B | n/m |
| 8– | Coinbase (COIN) | US | 17,311 | — | $1.39B | n/m |
| 9– | Trump Media & Technology Group (DJT) | US | 14,139 | — | $1.13B | 1.56× |
| 10– | CleanSpark (CLSK) | US | 13,530 | — | $1.08B | 1.83× |
Digital credit · Updated every Monday
Top Digital Credit Companies and Dividend Cover
Data as of · bitcoin treasury companies with preferred stock, the cash they hold and how many months of dividends it covers · non-USD amounts at ECB euro reference rates of 2026-10-23
- Cash held
- $5.34B
- all 4 companies
- Dividends a month
- $148.9M
- preferred stock, cash
- Dividend cover
- 19.6
- months, median company
| Rank | Company · preferred stock | Cash held | Dividends a day | Dividends a month | Dividend cover (months) |
|---|---|---|---|---|---|
| 1 | Strategy (MSTR)STRF, STRC, STRK, STRD, STRE | $4.830B Oct 25 | — | $124.3M | 38.9$124.3M/mo |
| 2 | Strive (ASST)SATA, SATS | $504.4M Oct 23 | $1.2M | $23.9M | 21.1$23.9M/mo |
| 3 | Metaplanet (3350)MERCURY (unlisted) | $6.9M Jun 30 | — | $614.8K | 11.3$614.8K/mo |
| 4 | B Treasury Capital (BTC B)BTC PREF | $296.3K Oct 13 | — | $16.3K | 18.1$16.3K/mo |
Latest
From filings and official releasesStrive set up an at-the-market program to sell up to $1,000,000,000 of its 15.00% SATS preferred stock Strive 8-K
Strive’s SATS Preferred IPO, Explained: Yield by Price, mNAV and Amplification → Bitcoin-Backed Preferred Stocks by Dividend Rate and Payment Frequency →
Strive bought 6,182 BTC Oct 17–23 at about $82,732 each, bringing its holdings to 43,000 BTC Strive 8-K
Strategy bought no bitcoin Oct 19–25, holding 848,517 BTC, and repurchased 2,068,459 STRC shares for $204.9M Strategy 8-K
The Largest Public Bitcoin Treasury Companies → How Bitcoin Treasury Companies Buy Back Their Own Preferred Stock →
Strive declared the first SATS cash dividend: $0.8710 per share, payable Nov 9 to holders of record Nov 6 Strive 8-K
Strive’s SATS Preferred IPO, Explained: Yield by Price, mNAV and Amplification → Bitcoin-Backed Preferred Stocks by Dividend Rate and Payment Frequency →
Strive closed its offering of 7,000,000 shares of 15.00% SATS preferred; dividends accrue on a $100 stated amount Strive 8-K
Strive’s SATS Preferred IPO, Explained: Yield by Price, mNAV and Amplification → Bitcoin-Backed Preferred Stocks by Dividend Rate and Payment Frequency →
Strategy raised its digital credit securities repurchase program from $2.0 billion to $3.0 billion Strategy 8-K
How Bitcoin Treasury Companies Buy Back Their Own Preferred Stock →
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