Bitcoin Treasury Companies — The 2026 List Has Tripled

34 publicly traded companies now hold Bitcoin on their corporate balance sheet — triple the 2024 count, and the cohort breakdown is more diverse than the MicroStrategy-era pattern.

MicroStrategy / Strategy still leads with ~570K BTC on the balance sheet. The new entrants in 2026 are notably non-US: Japanese Metaplanet, German DAX-listed Allianz subsidiaries, and three Latin American technology holdings have all added meaningful BTC positions. The geographic diversity is a meaningful change from the US-dominated pattern of 2021-2024.

Strategically, the trend reflects two things: corporate treasury policy normalization around BTC as an inflation-hedge instrument, and explicit signaling for stockholder bases that increasingly want crypto exposure through traditional equity vehicles. The supply-side impact: roughly 1.4M BTC now sits on public-company balance sheets, up from 480K in 2024.