Public companies are stacking Bitcoin like it’s a strategic resource, not just an asset.

MicroStrategy alone holds 461,000 BTC (~2.3% of supply), more than the next 9 combined.

This is the new arms race: conviction over speculation.

Here’s the leaderboard:

1. MicroStrategy – 461,000 BTC

2. Marathon – 44,394 BTC

3. Riot – 17,722 BTC

4. Galaxy Digital – 11,242 BTC

5. Hut 8 – 10,096 BTC

6. Tesla – 9,720 BTC

7. Coinbase – 9,363 BTC

8. Cleanspark – 9,297 BTC

9. Block Inc. – 8,363 BTC

10. Bitcoin Group SE – 3,678 BTC

Every corporate buy tightens Bitcoin’s float.

At this scale, it’s not just a hedge against fiat; it’s a power move.

As public holdings approach 5% of total supply, the window for cheap sats is closing fast.