{
  "dataset": "Corporate Bitcoin Treasury Holdings",
  "publisher": "True North",
  "source": "https://tnorth.com/tools/treasury-tracker/",
  "csv_url": "https://tnorth.com/tools/treasury-tracker/data.csv",
  "json_url": "https://tnorth.com/tools/treasury-tracker/data.json",
  "methodology_url": "https://tnorth.com/tools/treasury-tracker/methodology/",
  "reconciliation_ledger_url": "https://tnorth.com/tools/treasury-tracker/corrections/",
  "snapshot_date": "2026-09-16",
  "date_modified": "2026-09-16T11:21:41.558Z",
  "date_modified_display": "2026-09-16 06:21 CDT",
  "display_time_zone": "America/Chicago",
  "scope": "cited_rows_only",
  "scope_note": "Rows carrying a per-row primary-source citation (source_url + as_of): 45 of the 50 published rows (the top 50 of 182 tracked public companies, ranked by BTC held). Uncited rows are not exported until their citations are backfilled; rows below the published cap are tracked but not public.",
  "row_count": 45,
  "public_company_count": 50,
  "published_company_count": 50,
  "tracked_company_count": 182,
  "columns": [
    "rank",
    "company",
    "ticker",
    "country",
    "industry",
    "btc_held",
    "pct_of_21m",
    "market_cap_usd",
    "btc_to_market_cap_pct",
    "btc_per_share",
    "source_url",
    "as_of",
    "as_of_age_days",
    "source_tier",
    "snapshot_date"
  ],
  "rows": [
    {
      "rank": 1,
      "company": "Strategy",
      "ticker": "MSTR",
      "country": "United States",
      "industry": "Software & IT",
      "btc_held": 845050,
      "pct_of_21m": 4.024048,
      "market_cap_usd": 51487703136,
      "btc_to_market_cap_pct": 124.52,
      "btc_per_share": 0.00212708,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1050446/000119312526389858/mstr-20260914.htm",
      "as_of": "2026-09-13",
      "as_of_age_days": 3,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 2,
      "company": "Twenty One Capital, Inc.",
      "ticker": "XXI",
      "country": "United States",
      "industry": "Bitcoin Treasury",
      "btc_held": 43514,
      "pct_of_21m": 0.20721,
      "market_cap_usd": 3504483107,
      "btc_to_market_cap_pct": 94.2,
      "btc_per_share": 0.0000668,
      "source_url": "https://www.sec.gov/Archives/edgar/data/2070457/000121390026087471/ea0299640-10q_twentyone.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 3,
      "company": "Metaplanet Inc.",
      "ticker": "MPJPY",
      "country": "Japan",
      "industry": "Bitcoin Treasury",
      "btc_held": 43000,
      "pct_of_21m": 0.204762,
      "market_cap_usd": 2148702792,
      "btc_to_market_cap_pct": 151.83,
      "btc_per_share": 0.00003152,
      "source_url": "https://contents.xj-storage.jp/xcontents/33500/ca2d2953/fe85/45d3/8ed8/8dab99c43894/140120260818522606.pdf",
      "as_of": "2026-08-18",
      "as_of_age_days": 29,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 4,
      "company": "MARA Holdings, Inc.",
      "ticker": "MARA",
      "country": "United States",
      "industry": "Mining",
      "btc_held": 35577,
      "pct_of_21m": 0.169414,
      "market_cap_usd": 4342004098,
      "btc_to_market_cap_pct": 62.16,
      "btc_per_share": 0.0000921,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1507605/000150760526000022/mara-20260630.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 5,
      "company": "Strive",
      "ticker": "ASST",
      "country": "United States",
      "industry": "Financial Services",
      "btc_held": 25000,
      "pct_of_21m": 0.119048,
      "market_cap_usd": 2618288823,
      "btc_to_market_cap_pct": 72.44,
      "btc_per_share": 0.00026324,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1920406/000162828026061682/asst-20260914.htm",
      "as_of": "2026-09-11",
      "as_of_age_days": 5,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 6,
      "company": "Bullish",
      "ticker": "BLSH",
      "country": "United States",
      "industry": "Exchanges",
      "btc_held": 21580,
      "pct_of_21m": 0.102762,
      "market_cap_usd": 4167296548,
      "btc_to_market_cap_pct": 39.29,
      "btc_per_share": 0.0001423,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1872195/000143774926027475/ex_963171.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 7,
      "company": "SpaceX",
      "ticker": "SPCX",
      "country": "United States",
      "industry": "Aerospace",
      "btc_held": 18712,
      "pct_of_21m": 0.089105,
      "market_cap_usd": 1891453604308,
      "btc_to_market_cap_pct": 0.08,
      "btc_per_share": 0.00000142,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 8,
      "company": "Coinbase Global, Inc.",
      "ticker": "COIN",
      "country": "United States",
      "industry": "Exchanges",
      "btc_held": 17864,
      "pct_of_21m": 0.085067,
      "market_cap_usd": 51426001052,
      "btc_to_market_cap_pct": 2.64,
      "btc_per_share": 0.00006771,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1679788/000167978826000088/coin-20260630.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 9,
      "company": "Trump Media & Technology Group Corp.",
      "ticker": "DJT",
      "country": "United States",
      "industry": "Media & Entertainment",
      "btc_held": 14139,
      "pct_of_21m": 0.067329,
      "market_cap_usd": 2384736131,
      "btc_to_market_cap_pct": 44.98,
      "btc_per_share": 0.00005087,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1849635/000143774926026777/djt20260630_10q.htm",
      "as_of": "2026-07-31",
      "as_of_age_days": 47,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 10,
      "company": "CleanSpark, Inc.",
      "ticker": "CLSK",
      "country": "United States",
      "industry": "Mining",
      "btc_held": 12205,
      "pct_of_21m": 0.058119,
      "market_cap_usd": 3241031461,
      "btc_to_market_cap_pct": 28.57,
      "btc_per_share": 0.00004752,
      "source_url": "https://www.sec.gov/Archives/edgar/data/827876/000119312526338382/clsk-20260630.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 11,
      "company": "Tesla, Inc.",
      "ticker": "TSLA",
      "country": "United States",
      "industry": "Automotive",
      "btc_held": 11509,
      "pct_of_21m": 0.054805,
      "market_cap_usd": 1408329609753,
      "btc_to_market_cap_pct": 0.06,
      "btc_per_share": 0.00000291,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 12,
      "company": "Riot Platforms, Inc.",
      "ticker": "RIOT",
      "country": "United States",
      "industry": "Mining",
      "btc_held": 11380,
      "pct_of_21m": 0.05419,
      "market_cap_usd": 7392601020,
      "btc_to_market_cap_pct": 11.68,
      "btc_per_share": 0.00003033,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1167419/000110465926093448/riot-20260630x10q.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 13,
      "company": "Hut 8 Mining Corp",
      "ticker": "HUT",
      "country": "United States",
      "industry": "Computing Infrastructure",
      "btc_held": 9314,
      "pct_of_21m": 0.044352,
      "market_cap_usd": 10734667068,
      "btc_to_market_cap_pct": 6.58,
      "btc_per_share": 0.00007556,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 14,
      "company": "Block, Inc.",
      "ticker": "XYZ",
      "country": "United States",
      "industry": "Financial Services",
      "btc_held": 9117,
      "pct_of_21m": 0.043414,
      "market_cap_usd": 47048256450,
      "btc_to_market_cap_pct": 1.47,
      "btc_per_share": 0.00001517,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1512673/000162828026053368/xyz-20260630.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 15,
      "company": "American Bitcoin Corp",
      "ticker": "ABTC",
      "country": "United States",
      "industry": "Mining",
      "btc_held": 8002,
      "pct_of_21m": 0.038105,
      "market_cap_usd": 581829507,
      "btc_to_market_cap_pct": 104.34,
      "btc_per_share": 0.00010989,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1755953/000119312526329472/abtc-20260630.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 16,
      "company": "GD Culture Group",
      "ticker": "GDC",
      "country": "United States",
      "industry": "AI",
      "btc_held": 7500,
      "pct_of_21m": 0.035714,
      "market_cap_usd": 5452875,
      "btc_to_market_cap_pct": 10435.04,
      "btc_per_share": 0.0018018,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1641398/000121390026090150/ea0301332-10q_gdculture.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 18,
      "company": "Next Technology Holding Inc.",
      "ticker": "NXTT",
      "country": "China",
      "industry": "Software & IT",
      "btc_held": 5833,
      "pct_of_21m": 0.027776,
      "market_cap_usd": 7725686,
      "btc_to_market_cap_pct": 5728.14,
      "btc_per_share": 0.00396005,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1784970/000121390026081419/ea0298994-10q_next.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 19,
      "company": "Gemini Space Station Inc",
      "ticker": "GEMI",
      "country": "United States",
      "industry": "Exchanges",
      "btc_held": 5528,
      "pct_of_21m": 0.026324,
      "market_cap_usd": 564635340,
      "btc_to_market_cap_pct": 74.28,
      "btc_per_share": 0.00004264,
      "source_url": "https://www.sec.gov/Archives/edgar/data/2055592/000205559226000065/gemi-20260630.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 20,
      "company": "ProCap Financial",
      "ticker": "BRR",
      "country": "United States",
      "industry": "Financial Services",
      "btc_held": 5305,
      "pct_of_21m": 0.025262,
      "market_cap_usd": 272439845,
      "btc_to_market_cap_pct": 147.73,
      "btc_per_share": 0.00006114,
      "source_url": "https://investors.procapfinancial.com/news-releases/news-release-details/procap-financial-repurchases-more-2-shares-outstanding",
      "as_of": "2026-09-02",
      "as_of_age_days": 14,
      "source_tier": 3,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 21,
      "company": "Nakamoto Inc",
      "ticker": "NAKA",
      "country": "United States",
      "industry": "Investment",
      "btc_held": 4467,
      "pct_of_21m": 0.021271,
      "market_cap_usd": 139222657,
      "btc_to_market_cap_pct": 243.42,
      "btc_per_share": 0.00024962,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1946573/000149315226037603/form10-q.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 22,
      "company": "Boyaa Interactive International Limited",
      "ticker": "0434.HK",
      "country": "Hong Kong",
      "industry": "Gaming",
      "btc_held": 4201,
      "pct_of_21m": 0.020005,
      "market_cap_usd": null,
      "btc_to_market_cap_pct": null,
      "btc_per_share": 0.00000575,
      "source_url": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0820/2026082000969.pdf",
      "as_of": "2026-08-20",
      "as_of_age_days": 27,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 23,
      "company": "OranjeBTC",
      "ticker": "OBTC3.SA",
      "country": "Brazil",
      "industry": "Bitcoin Treasury",
      "btc_held": 3950,
      "pct_of_21m": 0.01881,
      "market_cap_usd": null,
      "btc_to_market_cap_pct": null,
      "btc_per_share": 0.00002621,
      "source_url": "https://api.mziq.com/mzfilemanager/v2/d/1c906e2c-8d06-4a32-a1a8-a240167c77f2/848e282e-cce5-5fee-1b40-971b89bf4c4b?origin=2",
      "as_of": "2026-08-23",
      "as_of_age_days": 24,
      "source_tier": 2,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 24,
      "company": "Bitcoin Group SE",
      "ticker": "ADE.DE",
      "country": "Germany",
      "industry": "Financial Services",
      "btc_held": 3563,
      "pct_of_21m": 0.016967,
      "market_cap_usd": null,
      "btc_to_market_cap_pct": null,
      "btc_per_share": 0.000721,
      "source_url": "https://www.bitcoingroup.com/images/PDF/FB_2025/BitcoinGroup_GB2025.pdf",
      "as_of": "2025-12-31",
      "as_of_age_days": 259,
      "source_tier": 2,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 25,
      "company": "Capital B SA",
      "ticker": "ALCPB.PA",
      "country": "France",
      "industry": "Bitcoin Treasury",
      "btc_held": 3521,
      "pct_of_21m": 0.016767,
      "market_cap_usd": null,
      "btc_to_market_cap_pct": null,
      "btc_per_share": 0.00009205,
      "source_url": "https://cptlb.com/wp-content/uploads/2026/09/jeDy9tfwVN/20260907-Capital-B-CP-7-septembre-2026-FR-FINAL.pdf",
      "as_of": "2026-09-07",
      "as_of_age_days": 9,
      "source_tier": 2,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 26,
      "company": "H100 Group AB",
      "ticker": "H100",
      "country": "Sweden",
      "industry": "Healthcare",
      "btc_held": 3506.4,
      "pct_of_21m": 0.016697,
      "market_cap_usd": null,
      "btc_to_market_cap_pct": null,
      "btc_per_share": 0.00000311,
      "source_url": "https://storage.mfn.se/7768a89c-b5a3-45e0-984f-f3fce221f90a/h100-completes-acquisition-increasing-bitcoin-holdings-to-3-506-bitcoin.pdf",
      "as_of": "2026-08-10",
      "as_of_age_days": 37,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 27,
      "company": "DDC Enterprise Limited",
      "ticker": "DDC",
      "country": "United States",
      "industry": "Food & Hospitality",
      "btc_held": 2899,
      "pct_of_21m": 0.013805,
      "market_cap_usd": 12544866,
      "btc_to_market_cap_pct": 1753.24,
      "btc_per_share": 0.000051,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1808110/000121390026096455/ea030422501ex99-1.htm",
      "as_of": "2026-09-02",
      "as_of_age_days": 14,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 28,
      "company": "The Smarter Web Company PLC",
      "ticker": "SWC.L",
      "country": "United Kingdom",
      "industry": "Software & IT",
      "btc_held": 2747,
      "pct_of_21m": 0.013081,
      "market_cap_usd": null,
      "btc_to_market_cap_pct": null,
      "btc_per_share": 0.00000733,
      "source_url": "https://www.smarterwebcompany.co.uk/smarterweb-co-uk/_img/pdf/news/2026-09-02-Bitcoin-Purchase.pdf",
      "as_of": "2026-09-02",
      "as_of_age_days": 14,
      "source_tier": 2,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 29,
      "company": "Keel Infrastructure Corp.",
      "ticker": "KEEL",
      "country": "United States",
      "industry": "Mining",
      "btc_held": 2261,
      "pct_of_21m": 0.010767,
      "market_cap_usd": 2025640135,
      "btc_to_market_cap_pct": 8.47,
      "btc_per_share": 0.00000366,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1812477/000181247726000023/keel-20260630.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 30,
      "company": "Canaan Inc.",
      "ticker": "CAN",
      "country": "Singapore",
      "industry": "Hardware",
      "btc_held": 1915.5,
      "pct_of_21m": 0.009121,
      "market_cap_usd": 224621454,
      "btc_to_market_cap_pct": 64.7,
      "btc_per_share": 0.00000262,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1780652/000110465926105660/tm2624951d1_ex99-1.htm",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 31,
      "company": "Remixpoint, Inc.",
      "ticker": "3825.T",
      "country": "Japan",
      "industry": "Automotive",
      "btc_held": 1501.27086805,
      "pct_of_21m": 0.007149,
      "market_cap_usd": null,
      "btc_to_market_cap_pct": null,
      "btc_per_share": 0.00001007,
      "source_url": "https://contents.xj-storage.jp/xcontents/AS08938/e11a3c77/3bce/4b01/a120/fb85711a2458/140120260901530316.pdf",
      "as_of": "2026-06-30",
      "as_of_age_days": 78,
      "source_tier": 1,
      "snapshot_date": "2026-09-16"
    },
    {
      "rank": 32,
      "company": "ANAP Holdings Inc.",
      "ticker": "3189.T",
      "country": "Japan",
      "industry": "Fashion & Retail",
      "btc_held": 1432.16162261,
      "pct_of_21m": 0.00682,
      "market_cap_usd": null,
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}