Public Companies Bitcoin Treasuries

#	Name	Bitcoin	USD Value	Market Cap	Ent. Value	BTC/Share	Cost Basis	NgU	mNAV	/21M
1	Matador Technologies IncMATA	₿77	$9M	—	$27M	7.3	—	—	—	0.000%
2	StrategyMSTR	₿639835	$71,914M	—	$103,000M	0.00214106	$42.9B	1.5x	—	3.050%
3	MARA Holdings, Inc.MARA	₿52477	$5,977M	—	$9,000M	0.00014207	—	—	—	0.250%
4	XXICEP	₿43514	$4,451M	—	$252M	0.00360756	—	—	—	0.210%
5	Bitcoin Standard Treasury CompanyCEPO	₿30021	—	—	$268M	—	—	—	—	0.140%
6	Metaplanet Inc.MTPLF	₿25555	$1,955M	—	$5,000M	0.00002546	$1.6B	1.0x	—	0.120%
7	BullishBLSH	₿24300	—	—	$7,000M	—	—	—	—	0.120%
8	Riot Platforms, Inc.RIOT	₿19309	$2,298M	—	$7,000M	0.00005381	—	—	—	0.090%
9	Trump Media & Technology Group Corp.DJT	₿15000	—	—	$4,000M	—	—	0.8x	—	0.070%
10	CleanSpark, Inc.CLSK	₿12703	$1,507M	—	$4,000M	0.00004488	—	156.7x	—	0.060%
11	Coinbase Global, Inc.COIN	₿11776	$1,108M	—	$77,000M	0.00003638	$518.4M	—	—	0.060%
12	Tesla, Inc.TSLA	₿11509	$1,376M	—	$1,398,000M	0.00000357	$386M	3.3x	—	0.050%
13	Hut 8 Mining CorpHUT	₿10667	$1,228M	—	$4,000M	0.00009793	—	30.1x	—	0.050%
14	Block, Inc.XYZ	₿8692	$1,026M	—	$44,000M	0.00001396	$261M	3.5x	—	0.040%
15	GD Culture GroupGDC	₿7500	—	—	$80M	—	—	0.9x	—	0.040%
16	Galaxy Digital Holdings LtdGLXY	₿6894	$1,534M	—	$9,000M	0.00003331	$1.1B	—	—	0.030%
17	StriveASST	₿5885	—	—	$2,000M	—	—	1.0x	—	0.030%
18	Next Technology Holding Inc.NXTT	₿5833	$697M	—	$52M	0.00001337	$183.1M	3.5x	—	0.030%
19	KindlyMD, Inc.NAKA	₿5765	$3M	—	$3M	0.00000277	$2.3M	0.9x	—	0.030%
20	Cango IncCANG	₿5708	$478M	—	$2,000M	0.00003854	—	—	—	0.030%
21	Semler ScientificSMLR	₿5021	$579M	—	$502M	0.00035701	$430M	1.2x	—	0.020%
22	ProCap BTCCCCM	₿4951	$590M	—	—	0.0001449	$104.3K	5188.1x	—	0.020%
23	GameStop Corp.GME	₿4710	$563M	—	$8,000M	0.00001053	—	—	—	0.020%
24	Empery DigitalEMPD	₿4081	—	—	$352M	—	—	0.9x	—	0.020%
25	Gemini Space Station IncGEMI	₿4002	—	—	$4,000M	—	—	1.0x	—	0.020%
26	Boyaa Interactive International Limited0434	₿3925	$400M	—	$542M	0.00000488	$196.4M	1.7x	—	0.020%
27	Bitcoin Group SEADE	₿3605	$431M	—	$208M	0.00071051	—	—	—	0.020%
28	Sequans Communications S.A.SQNS	₿3205	$126M	—	$2,000M	0.00004148	—	0.9x	—	0.020%
29	Capital BALCPB	₿2800	$231M	—	$117M	0.00001342	$174.8M	1.0x	—	0.010%
30	The Smarter Web Company PLCSWC	₿2525	$191M	—	$8M	—	$172.5M	1.0x	—	0.010%
31	Microcloud HologramHOLO	₿2353	$281M	—	$-2,783M	0.00045888	$197.7M	1.3x	—	0.010%
32	HIVE Digital TechnologiesHIVE	₿2201	$263M	—	$790M	0.00000992	—	—	—	0.010%
33	Exodus Movement, IncEXOD	₿2116	$244M	—	$771M	0.00007068	—	1.0x	—	0.010%
34	Bitdeer Technologies GroupBTDR	₿1966	$173M	—	$3,000M	0.00000735	—	1.1x	—	0.010%
35	BITFUFUFUFU	₿1899	$204M	—	$706M	0.00001042	—	1.0x	—	0.010%
36	NEXON Co., Ltd.3659	₿1717	$205M	—	$14,000M	0.00000206	$100M	1.9x	—	0.010%
37	Core ScientificCORZ	₿1612	$117M	—	$6,000M	0.00000311	—	—	—	0.010%
38	Canaan Inc.CAN	₿1547	$175M	—	$6,000M	0.000004	—	1.0x	—	0.010%
39	Fold Holdings Inc.FLD	₿1492	$178M	—	$246M	0.00003185	—	—	—	0.010%
40	Cipher MiningCIFR	₿1414	$127M	—	$5,000M	0.00000286	—	1.0x	—	0.010%
41	Remixpoint3825	₿1350	$126M	—	$257M	0.00000761	—	1.1x	—	0.010%
42	Bitfarms Ltd.BITF	₿1166	$139M	—	$1,000M	0.00000209	—	—	—	0.010%
43	Satsuma TechnologySATS	₿1149	—	—	$-64M	—	—	1.0x	—	0.010%
44	Treasury$TRSR	₿1111	—	—	—	—	—	1.0x	—	0.010%
45	Anap Holdings Inc.3189	₿1102	$22M	—	$92M	0.00000912	—	1.1x	—	0.010%
46	DDC Enterprise LimitedDDC	₿1058	$44M	—	$99M	0.00005416	$33.4M	1.0x	—	0.010%
47	H100 GroupH100	₿1046	$44M	—	—	—	—	1.0x	—	0.000%
48	KULR Technology GroupKULR	₿1021	$122M	—	$156M	0.00002673	—	—	—	0.000%
49	Nano LabsNA	₿1000	$120M	—	$-30M	0.00004242	—	—	—	0.000%
50	USBC, Inc.USBC	₿1000	—	—	$14M	—	—	—	—	0.000%
51	Ming Shing GroupMSW	₿833	$100M	—	$44M	0.0000642	$74.3M	1.2x	—	0.000%
52	AirNet Technology IncANTE	₿819	—	—	$17M	—	—	—	—	0.000%
53	SOS LimitedSOS	₿803	$96M	—	$2,000M	0.00026818	—	—	—	0.000%
54	Bitcoin Treasury CorpBTCT	₿771	$92M	—	$95M	—	$83.1M	1.0x	—	0.000%
55	Figma IncFIG	₿767	—	—	$25,000M	—	—	0.9x	—	0.000%
56	Aker ASAAKER	₿754	$90M	—	$9,000M	0.00001004	$40.7M	2.0x	—	0.000%
57	MéliuzCASH3	₿605	$71M	—	$72M	0.00000528	$61.2M	1.1x	—	0.000%
58	MercadoLibre, Inc.MELI	₿570	$68M	—	$130,000M	0.00001125	$22M	2.8x	—	0.000%
59	bitmax377030	₿551	$48M	—	$123M	0.00001066	—	—	—	0.000%
60	Alliance Resource Partners, L.P.ARLP	₿541	$58M	—	$4,000M	0.00000375	—	2.4x	—	0.000%
61	Samara Asset GroupSRAG	₿525	$63M	—	—	0.00000566	—	—	—	0.000%
62	Convano Inc6574	₿520	—	—	$624M	—	—	0.9x	—	0.000%
63	Phoenix Group PLCPHX	₿514	$16M	—	—	—	—	—	—	0.000%
64	Jasmine International PCLJAS	₿506	$61M	—	$464M	6	$37.8M	1.5x	—	0.000%
65	DigitalXDCC	₿502	$51M	—	$51M	2.6	—	149.4x	—	0.000%
66	CIMG IncIMG	₿500	—	—	$47M	—	—	1.0x	—	0.000%
67	Bit Digital, Inc.BTBT	₿418	$50M	—	$819M	0.00000147	—	—	—	0.000%
68	Virtu Financial, Inc.VIRT	₿410	$28M	—	$-4,817M	0.00000152	$19.4M	1.2x	—	0.000%
69	Neptune Digital AssetsNDA	₿401	$48M	—	$95M	0.00000318	—	3.5x	—	0.000%
70	3U Holding AGUUU	₿363	—	—	$6M	—	—	—	—	0.000%
71	Net Holding A.S.NTHOL	₿352	$42M	—	$707M	7.5	—	—	—	0.000%
72	DMG Blockchain Solutions Inc.DMGI	₿341	$41M	—	$50M	0.00000168	—	—	—	0.000%
73	Consensus Mining & Seigniorage CorporationCMSG	₿334	—	—	—	—	—	2.3x	—	0.000%
74	LM Funding AmericaLMFA	₿311	$19M	—	$11M	0.00003019	—	0.9x	—	0.000%
75	POP Culture Group Co., Ltd.CPOP	₿300	—	—	$62M	—	—	1.0x	—	0.000%
76	The9 LimitedNCTY	₿285	$34M	—	$43,000M	0.00005081	—	—	—	0.000%
77	Phoenix Digital AssetsPNIX	₿247	$30M	—	$27M	—	—	—	—	0.000%
78	Advanced Bitcoin Technologies AGABT	₿242	$29M	—	$5M	0.00001095	$2.1M	12.3x	—	0.000%
79	LQWD Technologies Corp.LQWD	₿239	$29M	—	$33M	0.00000972	$18M	1.4x	—	0.000%
80	Coinshares International LimitedCS	₿236	$28M	—	$930M	0.00000356	—	—	—	0.000%
81	PreneticsPRE	₿228	$22M	—	$133M	0.00001376	$20M	1.0x	—	0.000%
82	WEMADE112040	₿223	$27M	—	—	—	$21M	1.2x	—	0.000%
83	Rumble Inc.RUM	₿211	$25M	—	$2,000M	6.2	—	—	—	0.000%
84	DeFi TechnologiesDEFI	₿204	$24M	—	$614M	6	—	—	—	0.000%
85	Genius GroupGNS	₿200	$22M	—	$65M	0.00000182	—	10.2x	—	0.000%
86	BitMineBMNR	₿192	$18M	—	$218M	0.00000299	$16.3M	—	—	0.000%
87	Bitcoin Treasury CapitalBTCB	₿187	$18M	—	—	—	—	1.0x	—	0.000%
88	CoinsiliumCOIN	₿182	$13M	—	$10M	5.3	$11.3M	1.0x	—	0.000%
89	FRMO Corp.FRMO	₿159	$8M	—	$231M	0.00000143	—	4.4x	—	0.000%
90	Sixty-Six Capital IncSIX	₿145	$17M	—	$5M	9.3	—	—	—	0.000%
91	K33 ABK33	₿141	$14M	—	$52M	1	$14.1M	0.9x	—	0.000%
92	Banxa Holdings Inc.BNXAF	₿136	$16M	—	$50M	0.00000291	—	—	—	0.000%
93	Vaultz CapitalV3TC	₿135	$6M	—	$1M	—	$5.4M	1.5x	—	0.000%
94	Horizon Kinetics Holding CorpHKHC	₿131	$16M	—	$2,000M	0.00000703	$1.7M	8.4x	—	0.000%
95	Neowiz holdings042420	₿123	$15M	—	$132M	0.00001869	$7.1M	1.9x	—	0.000%
96	The Brooker GroupBTC	₿122	$15M	—	$112M	1	—	—	—	0.000%
97	Mac House7603	₿107	—	—	$25M	—	—	1.0x	—	0.000%
98	BIGG Digital Assets Inc.BIGG	₿100	$12M	—	$23M	2.8	—	—	—	0.000%
99	Bitcoin DepotBTM	₿100	$12M	—	$267M	0.00000433	—	—	—	0.000%
100	Vanadi Coffee, SAVANA	₿100	$9M	—	—	—	—	0.9x	—	0.000%
101	K Wave MediaKWM	₿88	$11M	—	$-3M	0.00000139	—	—	—	0.000%
102	London Bitcoin Company (formerly Vinanz)BTC	₿86	$8M	—	$17M	1.1	$6.4M	1.1x	—	0.000%
103	Belgravia Hartford Capital Inc.BLGV	₿83	$2M	—	$6M	1.8	$767.8K	1.0x	—	0.000%
104	Winland Holdings CorporationWELX	₿79	—	—	$14M	—	—	1.9x	—	0.000%
105	YUXING8005	₿78	$9M	—	$35M	3	$6.3M	1.4x	—	0.000%
106	SBC Medical Group Holdings IncSBC	₿66	$8M	—	$303M	6.4	—	—	—	0.000%
107	ATAI Life Sciences N.V.ATAI	₿58	$7M	—	$1,000M	2.7	$5M	1.3x	—	0.000%
108	RSXYZ PCLXYZ	₿53	—	—	$62M	—	—	51.2x	—	0.000%
109	Cathedra Bitcoin Inc.CBIT	₿53	$6M	—	$34M	2.1	—	—	—	0.000%
110	MicroAlgo IncMLGO	₿50	$6M	—	$-2,118M	0.00000207	$100K	54.7x	—	0.000%
111	Mogo Inc.MOGO	₿50	$6M	—	$117M	0.00000204	—	—	—	0.000%
112	Parataxis Korea288330	₿50	—	—	$85M	—	—	1.0x	—	0.000%
113	Linekong Interactive Group Co., Ltd8267	₿44	$5M	—	$17M	1.2	$28.1K	172.2x	—	0.000%
114	Robin EnergyRBNE	₿44	—	—	—	—	—	1.0x	—	0.000%
115	WonderFiWNDR	₿40	$5M	—	$141M	6	—	—	—	0.000%
116	SATO Technologies CorpSATO	₿36	$4M	—	$12M	4.9	—	—	—	0.000%
117	LiveOne IncLVO	₿34	—	—	$83M	—	—	0.9x	—	0.000%
118	S-Science5721	₿31	—	—	$171M	—	—	0.2x	—	0.000%
119	Value Creation Co., Ltd.9238	₿30	$4M	—	$25M	0.00001315	—	—	—	0.000%
120	HK Asia Holdings1723	₿29	$3M	—	$85M	6	$2.5M	1.2x	—	0.000%
121	Planet Ventures Inc.PXI	₿29	$3M	—	$-1M	—	$2.7M	8.6x	—	0.000%
122	BD MultimediaALBDM	₿25	$2M	—	$19M	0.00000566	$1.4M	1.8x	—	0.000%
123	Goodfood Market CorpFOOD	₿25	$3M	—	$45M	2.5	—	—	—	0.000%
124	AI Fusion Capital Group Corp.254A	₿25	$3M	—	$38M	0.00000273	—	—	—	0.000%
125	Kontrol TechnologiesKNR	₿24	$3M	—	$-0M	4.4	$2.2M	1.2x	—	0.000%
126	Cypherpunk Holdings Inc.HODL	₿23	$3M	—	$148M	1.4	$648.4K	3.9x	—	0.000%
127	Sphere 3DANY	₿23	$3M	—	$12M	8.6	—	—	—	0.000%
128	Jetking Infotrain Ltd.JETKINGQ	₿21	$3M	—	$17M	0.00000333	$1.6M	1.4x	—	0.000%
129	Murano Global Investments PlcMRNO	₿21	$3M	—	$13,000M	2.6	—	—	—	0.000%
130	Investview, Inc.INVU	₿20	$2M	—	$28M	1	$1.9M	1.2x	—	0.000%
131	Hamak GoldHAMA	₿20	—	—	$6M	—	—	0.9x	—	0.000%
132	Hyperscale DataGPUS	₿20	—	—	$105M	—	—	0.9x	—	0.000%
133	Thumzup Media CorporationTZUP	₿19	$2M	—	$86M	0.00000192	—	—	—	0.000%
134	BIT Mining LimitedBTCM	₿19	$2M	—	$4,000M	0.00000125	$1.5M	1.4x	—	0.000%
135	Athena Bitcoin GlobalABIT	₿17	$2M	—	$87M	—	—	—	—	0.000%
136	Digihost Technology Inc.DGHI	₿17	$2M	—	—	—	—	—	—	0.000%
137	Norwegian Block ExchangeNBX	₿16	$1M	—	$9M	2	—	—	—	0.000%
138	Globant S.A.GLOB	₿15	$2M	—	$3,000M	3.3	$500K	3.3x	—	0.000%
139	TeraWulfWULF	₿15	$2M	—	$5,000M	4	—	—	—	0.000%
140	Intchains Group LimitedICG	₿13	$2M	—	$-292M	2.1	$946.9K	1.5x	—	0.000%
141	Locate TechnologiesLOC	₿12	$1M	—	$11M	4	$1M	1.0x	—	0.000%
142	Goobit GroupBTCX	₿12	—	—	—	—	—	1.0x	—	0.000%
143	Intesa SanpaoloISP	₿11	$1M	—	$258,000M	—	—	—	—	0.000%
144	Bitcoin Well IncBTCW	₿11	$1M	—	$48M	5	$1.1M	1.1x	—	0.000%
145	Digital Commodities Capital Corp.DIGI	₿11	$0M	—	$4M	1	$202.7K	1.0x	—	0.000%
146	Lixte Biotechnology Holdings IncLIXT	₿11	—	—	$22M	—	—	1.0x	—	0.000%
147	OneMedNet Corp.ONMD	₿10	$1M	—	$49M	2.1	$657K	1.7x	—	0.000%
148	Walnut Capital Ltd.0905	₿10	$1M	—	$229M	1	—	—	—	0.000%
149	BitStrat Holdings Ltd6113	₿10	—	—	$262M	—	—	1.0x	—	0.000%
150	AutrisAUTR	₿9	$1M	—	$26M	3	—	—	—	0.000%
151	GSTechnologies LtdGST	₿9	$0M	—	$14M	—	$108.7K	1.0x	—	0.000%
152	CDT Equity IncCDT	₿9	—	—	$1M	—	—	0.9x	—	0.000%
153	Where Food Comes From, INCWFCF	₿7	$1M	—	$70M	0.00000134	$178K	4.3x	—	0.000%
154	Al Abraaj Resturant GroupABRAAJ	₿7	$1M	—	—	—	$684.2K	1.1x	—	0.000%
155	Refine GroupREFINE	₿7	—	—	$2M	—	—	0.9x	—	0.000%
156	GreenMerc ABL5L	₿6	$1M	—	$-2M	3.1	$668.5K	1.0x	—	0.000%
157	BlackRock, Inc.BLK	₿6	$1M	—	$185,000M	4	$360K	1.9x	—	0.000%
158	Unitronix CorpUTRX	₿6	—	—	$4M	—	—	1.0x	—	0.000%
159	NameSilo Technologies CorpURL	₿5	$1M	—	$91M	6	—	—	—	0.000%
160	Fintech Select Ltd.FTEC	₿5	$1M	—	$2M	5	—	—	—	0.000%
161	Tap GlobalTAP	₿5	$1M	—	$22M	—	—	—	—	0.000%
162	Agile Media Network (AMN)6573.T	₿5	—	—	$24M	—	—	1.3x	—	0.000%
163	Safello GroupSFL	₿4	$0M	—	$10M	1.9	—	—	—	0.000%
164	Blockmint Technologies Inc.BKMT	₿4	$0M	—	$1M	7	$61.8K	7.1x	—	0.000%
165	Coin CitadelCCTL	₿4	$0M	—	$7M	—	—	—	—	0.000%
166	Green Minerals ASGEM	₿4	$0M	—	$4M	1.5	$420.1K	1.0x	—	0.000%
167	Vault Ventures PlcVULT	₿4	$0M	—	$0M	—	$228.5K	—	—	0.000%
168	Leef Brands IncLEEEF	₿4	$0M	—	$59M	2	—	—	—	0.000%
169	Crypto Blockchain IndustriesALCBI	₿4	$0M	—	$65M	1	—	—	—	0.000%
170	AgriFORCE Growing Systems Ltd.AGRI	₿3	$0M	—	$13M	0.00000115	—	—	—	0.000%
171	FRNT Financial IncFRNT	₿3	—	—	—	—	—	0.9x	—	0.000%
172	Argo Blockchain PLCARBK	₿3	$0M	—	$217M	5	—	—	—	0.000%
173	CryptoStar Corp.CSTR	₿3	$0M	—	$5M	—	—	—	—	0.000%
174	333DT3D	₿2	—	—	—	—	—	0.9x	—	0.000%
175	Africa Bitcoin CorporationABC	₿1	$0M	—	$13M	3	$98.2K	1.1x	—	0.000%
176	Panther Metals PLCPALM	₿1	$0M	—	$4M	1.6	—	—	—	0.000%
177	Phunware IncPHUN	₿1	—	—	$-50M	—	—	—	—	0.000%
178	ATIF Holdings LtdZBAI	₿0	$0M	—	$1M	1	—	—	—	0.000%
179	ABR Wealth FundABR	₿0	—	—	$13,000M	—	—	0.9x	—	0.000%
180	Basel Medical Group Ltd.BMGL	₿—	—	—	$23M	—	—	—	—	0.000%
181	BTCS Inc.BTCS	₿—	—	—	$229M	—	—	—	—	0.000%
182	Meitu, Inc.1357	₿—	—	—	$5,000M	—	—	—	—	0.000%
183	R8 Capital Investments PLCMODE	₿—	—	—	$4M	—	—	—	—	0.000%
184	Reddit Inc.RDDT	₿—	—	—	$43,000M	—	—	—	—	0.000%
185	Nakiki SEWDL1	₿—	—	—	$0M	—	—	—	—	0.000%
186	SharpLink GamingSBET	₿—	—	—	$3,000M	—	—	—	—	0.000%
187	Torrent Capital Ltd.TORR	₿—	—	—	$2M	—	—	—	—	0.000%
188	Classover Holdings Inc.KIDZ	₿—	—	—	$35M	—	—	—	—	0.000%
189	DeFi Development Corp. (Formerly Janover)DFDV	₿—	—	—	$341M	—	—	—	—	0.000%
190	Upexi Inc.UPXI	₿—	—	—	$312M	—	—	—	—	0.000%
191	Two Hands CorporationTWOH	₿—	—	—	$12M	—	—	—	—	0.000%
192	Top Win InternationalSORA	₿—	—	—	$121M	—	—	—	—	0.000%