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When Public Companies Bought Their First Bitcoin

Eleven public companies ranked by the date of their first disclosed bitcoin purchase for the balance sheet, from Strategy in August 2020 to Trump Media in July 2025, as stated in their own filings.

Data as of · first purchases 2020–2025 · current standing from Bittery’s Top 25 treasury ranking

Illustration: 11 public companies in order of their first disclosed bitcoin purchase, from Strategy (August 11, 2020) to Trump Media (July 2025).
When Public Companies Bought Their First Bitcoin, data as of 2026-10-16
Rank Company Country First purchase Date type First purchase amount Today Source
1 Strategy (MicroStrategy) (MSTR) United States Aug 11, 2020 Disclosure date 21,454 BTC for $250.0M Top 25 holder 1
2 Block (then Square) (XYZ) United States October 2020 Purchase date stated ~4,709 BTC for $50M Top 25 holder 2
3 MARA (then Marathon Patent Group) (MARA) United States January 2021 Purchase date stated 4,813 BTC for ~$150M Top 25 holder 3
4 Tesla (TSLA) United States Feb 8, 2021 Disclosure date $1.5B (BTC not stated) Top 25 holder 4
5 Meitu (1357) China (Hong Kong-listed) Mar 5, 2021 Purchase date stated 379.12 BTC for ~$17.9M Sold all by Dec 2024 5
6 Next Technology Holding (then WeTrade) (NXTT) Japan September 2023 Purchase date stated ~833 BTC for ~$25M Top 25 holder 6
7 Metaplanet (3350) Japan Apr 22, 2024 Disclosure date 97.85 BTC for ¥1B Top 25 holder 7
8 Semler Scientific (SMLR) United States May 28, 2024 Disclosure date 581 BTC for $40M Not in Top 25 8
9 KULR Technology (KULR) United States Dec 26, 2024 Disclosure date 217.18 BTC for ~$21M Not in Top 25 9
10 GameStop (GME) United States May 28, 2025 Disclosure date 4,710 BTC (USD not stated) Not in Top 25 10
11 Trump Media & Technology (DJT) United States July 2025 Purchase date stated ~$2B of bitcoin and bitcoin-related securities Top 25 holder 11

First purchase = the earliest date in the company’s own filing for its first purchase of bitcoin held as a treasury or investment asset, not bitcoin it mined. “Purchase date stated” means the filing gives when the bitcoin was bought (sometimes only the month, as for Block, MARA, Next Technology and Trump Media); “Disclosure date” means it gives only when the company announced the purchase, so the true purchase was on or before that date. Today = whether the company is in Bittery’s Top 25 public treasury companies ranking; Meitu is listed as having sold its holdings. Mogo (Canada) is left out because the filing found gives only a December 2020 plan, not a purchase date. Not covered: Coinbase (no first-purchase document found), Riot (no treasury purchase found in its 2020 filings), Nexon and Aker (no primary document reachable), and the miners and exchanges not checked. Amounts are as stated; Trump Media’s includes bitcoin-related securities.

The first purchases

Before 2020, bitcoin on a public company’s balance sheet was mostly bitcoin it had mined. This ranks 11 public companies that bought bitcoin as a treasury or investment asset by the date of their first disclosed purchase, earliest first, from each company’s own filings. It is not a full list: Coinbase, Riot, Nexon and others were checked or attempted, but no filing could be found that states a first purchase. Most filings give a disclosure date, not a trade date, and the table says which it is.

#1

Strategy (then MicroStrategy) MSTR

Aug 11, 2020

On August 11, 2020, MicroStrategy announced that it “has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses.”1 The filing does not give the trade date, so the table uses the announcement date. A month later its board adopted a Treasury Reserve Policy that made bitcoin its primary reserve asset, saying its holdings “may increase beyond the $250 million investment”.12

#2

Block (then Square) XYZ

October 2020

Square announced on October 8, 2020 that it had purchased about 4,709 bitcoin for $50 million, around 1% of its total assets. Its quarterly report says “In October 2020, we invested $50 million in bitcoin.”2

#3

MARA (then Marathon Patent Group) MARA

January 2021

Marathon’s annual report says that “in January 2021, we purchased over 4,800 bitcoin for approximately $150 million”. It already held about 125 mined bitcoin at the end of 2020.3

#4

Tesla TSLA

Feb 8, 2021

Tesla’s annual report, filed February 8, 2021, says that after updating its investment policy in January 2021 it “invested an aggregate $1.50 billion in bitcoin”. The filing does not state the number of bitcoin or the date of the purchase.4

#5

Meitu 1357

Mar 5, 2021

Hong Kong-listed Meitu bought 379.12 bitcoin for about $17.9 million on March 5, 2021, the only exact purchase date stated in these filings, as the first part of a plan that included ether.5 It later sold all of its holdings: its December 4, 2024 announcement says it “no longer holds any Ether or Bitcoin”.13

#6

Next Technology Holding (then WeTrade) NXTT

September 2023

A November 2023 filing says that between September 1 and 30, 2023 the company “acquired approximately 833 bitcoins for approximately $25 million in cash”.6

#7

Metaplanet 3350

Apr 22, 2024

Metaplanet’s April 22, 2024 notice records 97.85 BTC bought for ¥1 billion, at an average of ¥10,219,524 a bitcoin. Its board had approved buying up to ¥1 billion of bitcoin on April 8. The notice does not state the purchase day.7

#8

Semler Scientific SMLR

May 28, 2024

Semler said on May 28, 2024 that it “has purchased 581 bitcoins for an aggregate amount of $40 million, inclusive of fees and expenses.”8 KULR followed on December 26, 2024 with 217.18 BTC for about $21 million,9 GameStop on May 28, 2025 with 4,710 BTC,10 and Trump Media with about $2 billion of bitcoin and bitcoin-related securities in July 2025.11

Sources

  1. Strategy (MicroStrategy), MicroStrategy Form 8-K, Item 8.01 with Exhibit 99.1 press release (Aug 11, 2020).
  2. Block (Square), Square press release, Oct 8, 2020 (squareup.com) and Form 10-Q for Sept 30, 2020 (filed 2020-11-05).
  3. MARA Holdings (Marathon Digital / Marathon Patent Group), Marathon Patent Group Form 10-K for 2020 (filed 2021-03-16); Form 8-K Item 7.01 (2021-01-26).
  4. Tesla, Tesla Form 10-K for 2020 (filed 2021-02-08).
  5. Meitu, Meitu discloseable-transaction announcement of 2021-03-17 (HKEX; mirror copy), which defines the Mar 5 purchase and the Mar 7 voluntary announcement.
  6. Next Technology Holding (formerly WeTrade Group), WeTrade Group Form 8-K Item 2.01 (filed 2023-11-13); also 10-Q for Sept 30, 2023 (filed 2023-11-20).
  7. Metaplanet, Metaplanet TSE notice 'Progress of disclosure: Purchase of Bitcoin' dated 2024-04-22 (JPX).
  8. Semler Scientific (merged into Strive), Semler Scientific Form 8-K Item 8.01 with Exhibit 99.1 (2024-05-28).
  9. KULR Technology Group, KULR Form 8-K Item 8.01 (2024-12-26); treasury strategy announced in 8-K of 2024-12-04.
  10. GameStop, GameStop Form 8-K Item 8.01 with Exhibit 99.1 (2025-05-28).
  11. Trump Media & Technology Group, Trump Media Form 10-Q for Q2 2025 (filed 2025-08-01).
  12. MicroStrategy Incorporated, Form 8-K dated September 11, 2020 (Treasury Reserve Policy), SEC EDGAR.
  13. Meitu, Inc., HKEX announcement of 2024-12-04 on the disposal of cryptocurrencies.

For information only. Not financial advice. See the terms of use.