A new snapshot of public Bitcoin treasury data highlights how mining companies now hold a meaningful, but still secondary, share of corporate Bitcoin reserves.
The chart shows that mining firms collectively hold around 127,000 BTC, representing 12% of total publicly disclosed Bitcoin treasury holdings.
In contrast, Strategy alone controls roughly 650,000 BTC, making it by far the dominant single holder among public entities. The remaining 287,000 BTC falls into the “other” category, which includes non-mining corporations and entities holding Bitcoin on their balance sheets.
What The Chart Shows
The circular breakdown clearly illustrates the imbalance in corporate Bitcoin ownership. While mining companies are often viewed as natural long-term holders due to their operational exposure, their combined share remains far smaller than Strategy’s holdings. Strategy’s allocation alone outweighs the entire mining sector’s Bitcoin reserves by a wide margin.
Alongside the pie chart, a detailed table lists individual mining companies and the amount of Bitcoin each holds. Marathon Digital Holdings leads the group with 53,250 BTC, followed by Riot Platforms with 19,324 BTC and Hut 8 Mining Corp at 13,696 BTC. Other notable holders include CleanSpark, Cango, American Bitcoin Corp, and Bitdeer, each holding several thousand BTC.
Further down the list, many miners hold smaller balances ranging from a few hundred to just a handful of Bitcoin. This highlights how concentrated treasury accumulation is among a small group of large, well-capitalized miners, while the majority maintain relatively modest reserves.
Why It Matters
The data underscores that, despite miners’ structural link to Bitcoin production, corporate accumulation remains highly concentrated. Strategy’s treasury strategy dominates the landscape, while mining companies collectively play a supporting role rather than a leading one.
This distribution also suggests that Bitcoin treasury exposure across public companies is less diversified than often assumed, with a single entity exerting outsized influence on the corporate Bitcoin narrative.
