[BTC institutional tracker] Bitcoin holdings total 4.09 million; Strategy leads public companies

Tracked bitcoin holdings across companies, governments, ETFs, exchanges and DeFi totaled approximately 4.09 million BTC.

The November 9 snapshot showed public companies holding 1,250,611 BTC, with ETFs and exchanges accounting for the largest category.

• Public companies: 1,250,611 BTC across 197 holders

• Private companies: 201,884 BTC across 69 holders

• Government entities: 645,623 BTC across 12 holders

• ETFs and exchanges: 1,615,524 BTC

• DeFi and other: 375,184 BTC

Public companies: 1,250,611 BTC | $93.61 billion | 5.96%

Strive held 43,124 BTC, ranking fourth among public companies. Strategy remained the largest holder in the category with 850,364 BTC.

• Strategy (MSTR): 850,364 BTC

• Metaplanet Inc. (MPJPY): 44,000 BTC

• Twenty One Capital (XXI): 43,514 BTC

• Strive (ASST): 43,124 BTC

• MARA Holdings, Inc. (MARA): 35,577 BTC

The next five were Bullish (BLSH) with 22,000 BTC, SpaceX (SPCX) with 18,712 BTC, Coinbase Global, Inc. (COIN) with 18,000 BTC, CleanSpark, Inc. (CLSK) with 13,530 BTC and Trump Media & Technology Group Corp. (DJT) with 12,062 BTC.

The public-company ranking also included the following South Korean holders.

• Rank 58: bitmax (377030.KQ), 551 BTC

• Rank 69: Bitplanet (049470.KQ), 300 BTC

• Rank 78: WEMADE (112040.KQ), 223 BTC

• Rank 82: Parataxis Korea (288330.KQ), 200 BTC

• Rank 98: Neowiz holdings (042420.KQ), 104 BTC

Private companies: 201,884 BTC | $15.11 billion | 0.96%

• Tether Holdings Limited: 150,000 BTC

• Bitcoin Standard Treasury Company: 30,021 BTC

• Stone Ridge Holdings Group: 10,000 BTC

• The Tezos Foundation: 2,903 BTC

• Cardone Capital: 2,800 BTC

Ranks six through ten were Zap Solutions, Inc (Strike) with 1,500 BTC, GIGA Inc. with 1,252 BTC, Treasury with 1,111 BTC, Meanwhile Incorporated with 759 BTC and River Financial Inc. with 478 BTC.

Government entities: 645,623 BTC | $48.32 billion | 3.07%

The United States led the government category with 328,372 BTC, followed by China and the United Kingdom. El Salvador held 7,830 BTC.

• United States: 328,372 BTC

• China: 190,000 BTC

• United Kingdom: 61,245 BTC

• Ukraine (holdings of public officials): 46,351 BTC

• El Salvador: 7,830 BTC

The United Arab Emirates followed with 6,420 BTC, ahead of Kazakhstan with 3,544 BTC.

ETFs and exchanges: 1,615,524 BTC

iShares Bitcoin Trust IBIT held 811,115 BTC, the largest balance among the listed funds.

• iShares Bitcoin Trust IBIT: 811,115 BTC

• Fidelity Wise Origin Bitcoin Fund FBTC: 184,058 BTC

• Grayscale Bitcoin Trust GBTC: 131,528 BTC

• Grayscale Bitcoin Mini Trust BTC: 62,874 BTC

• Bitwise Bitcoin ETF BITB: 38,189 BTC

DeFi and other: 375,184 BTC

The DeFi and other category accounted for 375,184 BTC in the snapshot.

[Editor's note] This tracker presents bitcoin balances across public and private companies, government entities, ETFs and exchanges, and DeFi and other holders. The figures describe holdings at the snapshot date; they do not establish recent purchases, sales or investor flows.