Strategy alone holds 847k coins. This is not a company hoarding coins, it's like buying BTC as if it were government bonds.

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Fidelity: The number of publicly traded companies holding at least 1000 BTC increased from 22 to 49 in one year.
Fidelity's "2026 Look Ahead" shows that by the end of 2025, the number of listed companies holding at least 1,000 BTC increased from 22 to 49, accounting for nearly 5% of the total supply. By early June 2026, the number of listed companies holding BTC increased to approximately 170–199, holding a total of about 1.26M BTC, representing about 6% of the total supply, with a price of approximately $76 billion. The top three holders are Strategy with about 847k BTC, Twenty One Capital with about 43.5k BTC, Metaplanet with about 40k BTC, and MARA Holdings with about 36k BTC.
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