rewrite this title Beyond Strategy: 11 More Publicly Traded Companies That Are Stockpiling Bitcoin – Decrypt

Strategy’s Bitcoin buying plan—once maligned by big businesses—has produced blockbuster profits for the software company amid the latest Bitcoin boom, pushing its stock price to an all-time high in November as its stash tops $42 billion worth of the coin as of this writing.

And its success has inspired a crop of copycats, though Strategy (formerly MicroStrategy) founder and Executive Chairman Michael Saylor probably doesn’t mind—he’s been advocating for such a movement for years now.

In recent months, several more publicly traded firms have greenlit corporate strategies to stack Bitcoin as a treasury reserve asset, while others that have already invested in the cryptocurrency are building up their holdings of the asset.

More than 70 companies have dived headfirst into Strategy’s crypto-first business strategy at a time when Bitcoin is flying high: President-elect Donald Trump signed an executive order establishing a national Bitcoin strategic reserve, and the coin hit an all-time high of $108,000 in January.

And although Bitcoin is hovering around the $85,000 mark as of writing time, new companies are still buying in—and existing reserve firms are boosting their stockpiles.

Here are 11 more publicly traded companies that are following in Strategy’s footsteps and stacking Bitcoin.

Tesla 

Tesla, the electric car-making company led by Dogecoin aficionado Elon Musk, has held Bitcoin for four years. And although it moved its tokens to new wallets last fall, there’s no indication that the car maker is selling its Bitcoin.

Tesla has a long history with Bitcoin. The publicly traded company first revealed that it had invested $1.5 billion in the world’s oldest cryptocurrency in February 2021, with plans to accept the tokens as payment for its vehicles.

It backtracked on the latter plans after Musk shared concern about the environmental impact of Bitcoin mining, and sold some of the coins—but it still has a substantial stash with recent reports showing the firm still holds 11,509 Bitcoin valued around $978 million.

Block

Financial services conglomerate Block—the firm behind the Square payments platform—owns more than 8,000 BTC worth at least $758 million as of writing time, according to one estimate. 

The Jack Dorsey-founded company began buying Bitcoin just a few months after MicroStrategy. Its first Bitcoin purchase came in October 2020, when it snatched up more than 4,700 BTC.

Rumble

In November, video streaming platform Rumble became one of the latest public companies to greenlight a Bitcoin treasury reserve strategy. Under the Bitcoin buying plan, Rumble will invest up to $20 million in the digital asset, according to a company statement. 

It is also aiming to reinvent itself as a go-to platform for the crypto community. To achieve that goal, the company has received a $775 million injection from stablecoin firm Tether.

On March 15, Rumble used $17.1 million of the originally planned $20 million to buy roughly 188 Bitcoin.

LEEF Brands

Cannabis company LEEF Brands announced in December it would adopt Bitcoin as a treasury reserve asset.

The Canadian business plans to make the investment through a $5 million Bitcoin-backed debenture offering, according to a company statement. The company holds 3.9 BTC in a cold wallet, but no details of Bitcoin purchases have been shared as of March 2025.

Semler Scientific

Medical technology company Semler Scientific began purchasing the largest cryptocurrency by market capitalization last May, when it debuted its Bitcoin reserve treasury strategy. 

Since then, the firm has made several big buys of the token, with its activity ramping up toward the latter half of last year.

“We plan to continue to purchase bitcoin with cash from operations and with cash proceeds from our sales under our ATM program., Semler Scientific CEO Eric Semler said in November. “We are exploring additional financing opportunities that will enable us to acquire even more bitcoin.”

Semler Scientific holds 3,192 Bitcoin as of  February 4, a value of nearly $268 million at the time of writing.

Banzai

Marketing technology solutions firm Banzai announced in November it would spend up to 10% of the funds in its corporate treasury on Bitcoin. Adding Bitcoin to Banzai’s balance sheet will diversify the assets in its treasury, in addition to enabling the company to profit off of the cryptocurrency’s long-term value growth, Banzai CEO Joe Davy said last year in a statement.

Fold

Bitcoin services firm Fold recently added 475 Bitcoin to its treasury, bringing its total holdings to more than 1,485 Bitcoin, or about $126 million at current prices.

Though the company’s affinity for the leading crypto asset is not new, its place among publicly traded companies is–Fold was listed for trading as FLD on the Nasdaq in February 2025.

“Fold’s Bitcoin treasury serves a dual purpose: providing value to investors seeking Bitcoin exposure, while acting as a corporate strategic reserve to support our growing suite of Bitcoin-native financial products,” said company CEO Will Reeves after its most recent purchase.

The company, which rewards users of its financial services with Bitcoin rewards, has given out more than $20 million in BTC as of early March 2025.

Worksport

Worksport, a company that makes truck covers, announced its plan to implement a Bitcoin and XRP treasury in December 2024. A month later, the company made its first “six-figure purchase” of the assets as a hedge against inflation.

“Our business has been growing rapidly, with revenues up and margins steadily improving. We believe our strategic treasury plan is a low-risk approach to hedge inflation and potentially benefit from increasing regulatory clarity around cryptocurrencies,” said CEO Steven Rossi.

Rossi added that the firm is taking a long-term approach to both BTC and XRP.

Fathom Holdings

Real estate technologies company Fathom Holdings announced a plan in January to use upwards of 50% of its excess cash to create a Bitcoin treasury.

The announcement didn’t appear to impress traditional equities investors though, as shares of the firm—which trade on the Nasdaq under the ticker FTHM—are down nearly 35% year-to-date.

Nevertheless, company CFO  Joanne Zach spoke positively about the company’s Bitcoin strategy, telling investors that it diversifies Fathom’s treasury holdings and “positions Fathom at the forefront of digital currency transactions in real estate today.”

The firm committed to purchasing up to $500,000 of Bitcoin or Bitcoin ETF equivalents in the closing weeks of January.

Nuvve

Electric vehicle technologies company Nuvve joined the list of publicly traded companies creating a Bitcoin treasury at the end of January.

The firm, which trades on the Nasdaq as NVVE, announced it would use up to 30% of its cash holdings to buy the top crypto asset, pending market conditions.

While its stock price rose slightly on the day of the announcement, it otherwise has struggled this year, dropping more than 55% year-to-date. In addition to implementing Bitcoin purchases with excess cash, the company plans to accept BTC as payment. “BTC acceptance will promote more payment options for customers and suppliers with potentially less transactional friction inherent to digital currencies,” said company CEO and founder Gregory Poilasne.

Edited by Andrew Hayward

Editor’s note: This story was originally published on January 12, 2025 and last updated with new details on March 23.