The Librarian's Ledger

Bitcoin Treasuries

Who holds the world's Bitcoin — 3,584,045 BTC across 86 public companies, miners, ETFs, countries, private companies and DeFi protocols, ranked by coins held.

Updated 2026-09-11 18:19 UTC · BTC $77,214

🏢Public Companies →
1,111,532 BTC
$85.8 B · 30 holders

Publicly traded companies holding Bitcoin on their own balance sheet, disclosed in their own SEC/regulatory filings.

📈ETFs →
1,340,745 BTC
$103.5 B · 22 holders

Exchange-traded funds holding spot Bitcoin directly on behalf of their shareholders.

🏛️Countries →
516,650 BTC
$39.9 B · 7 holders

Sovereign and government holdings — mostly assets seized in criminal cases, which is what makes these the most contested figures on this whole board.

⛏️Mining Companies →
97,118 BTC
$7.5 B · 17 holders

Bitcoin miners that keep some or all of what they mine instead of selling it immediately.

🔒Private Companies →
295,000 BTC
$22.8 B · 5 holders

Privately held companies known or publicly reported to hold Bitcoin. The softest numbers here: none of these file the disclosures a public company has to.

🔗DeFi →
223,000 BTC
$17.2 B · 5 holders

Bitcoin custodied to back a tokenized, on-chain representation of itself — wrapped or bridged BTC.

🧮 CEBE — Common Equity Bitcoin Exposure →
25 companies, sortable
Leader right now: DDC at 1,686,112 sats/$100

A sharper companion board: not how much BTC a company holds, but how much of it actually belongs to a COMMON shareholder once debt and preferred stock are paid first. Click any column to sort.

Bitcoin price refreshed 2026-09-11 18:19 UTC ($77,214/BTC) — holdings figures are dated individually per row below (a plain date is verified against a real source, "~" is an estimate); this file was last reviewed 2026-09-06.

The top 20, across every category

# Holder BTC held Value % of 21M As of Where
1 Strategy (MicroStrategy)MSTR🏢 Public Companies 845,050 BTC $65.2 B 4.024% 2026-08-31 🇺🇸
2 iShares Bitcoin TrustIBIT📈 ETFs 779,840 BTC $60.2 B 3.714% 2026-09-01 🇺🇸
3 United StatesCountries🏛️ Countries 200,000 BTC $15.4 B 0.952% ~2026-09-06
4 ChinaCountries🏛️ Countries 190,000 BTC $14.7 B 0.905% ~2026-09-06
5 Fidelity Wise Origin Bitcoin FundFBTC📈 ETFs 173,308 BTC $13.4 B 0.825% 2026-09-04 🇺🇸
6 Wrapped Bitcoin (WBTC) reserveDeFi🔗 DeFi 150,000 BTC $11.6 B 0.714% ~2026-09-06 🌐
7 Block.onePrivate Companies🔒 Private Companies 140,000 BTC $10.8 B 0.667% ~2026-09-06 🇰🇾
8 Grayscale Bitcoin TrustGBTC📈 ETFs 131,528 BTC $10.2 B 0.626% 2026-08-21 🇺🇸
9 Tether HoldingsPrivate Companies🔒 Private Companies 100,000 BTC $7.7 B 0.476% ~2026-09-06 🇧🇻
10 United KingdomCountries🏛️ Countries 61,000 BTC $4.7 B 0.290% ~2026-09-06
11 Grayscale Bitcoin Mini TrustBTC📈 ETFs 60,555 BTC $4.7 B 0.288% 2026-09-04 🇺🇸
12 Coinbase custody (cbBTC) reserveDeFi🔗 DeFi 50,000 BTC $3.9 B 0.238% ~2026-09-06 🌐
13 UkraineCountries🏛️ Countries 46,000 BTC $3.6 B 0.219% ~2026-09-06
14 ARK 21Shares Bitcoin ETFARKB📈 ETFs 44,900 BTC $3.5 B 0.214% 2026-09-06 🇺🇸
15 Twenty One CapitalXXI🏢 Public Companies 43,514 BTC $3.4 B 0.207% ~2026-09-06 🇺🇸
16 Metaplanet3350.T🏢 Public Companies 43,000 BTC $3.3 B 0.205% 2026-07-02 🇯🇵
17 Bitwise Bitcoin ETFBITB📈 ETFs 38,900 BTC $3.0 B 0.185% 2026-09-06 🇺🇸
18 MARA HoldingsMARA⛏️ Mining Companies 36,303 BTC $2.8 B 0.173% ~2026-09-06 🇺🇸
19 Bitcoin Standard TreasuryBSTR🏢 Public Companies 30,021 BTC $2.3 B 0.143% ~2026-09-06 🇺🇸
20 BitMEX (100x Group)Private Companies🔒 Private Companies 30,000 BTC $2.3 B 0.143% ~2026-09-06 🇸🇨
Total — 20 holders 3,193,919 BTC $246.6 B 15.209%

How this board is made, and what it is not

Every row here is a count of coins, not a stock price: value = BTC held × the current BTC/USD price. That is simpler than The Asset Board's market-cap arithmetic and it is also more honest about what most of these holders actually are — a country or a DeFi protocol has no shares outstanding to price.

This is a curated top-holders list, not an exhaustive registry. Public companies and mining companies come from their own SEC/regulatory filings; ETF holdings are approximate and move with daily fund flows; private companies, countries, and DeFi protocols have no filings to check at all; and government figures in particular are frequently disputed, partly unconfirmed, and subject to ongoing legal disposal. Every figure is dated and will be refreshed periodically, not continuously — treat the ranking as directionally right, not as an audited count. Nothing here is investment advice.