{ "boundaries": { "complete_market_ranking_published": false, "external_action": false, "market_price_fetched": false, "read_only": true, "runtime_state_exposed": false, "selected_set": true, "verified_only": true }, "calculation": { "ordering": "Companies are ordered by disclosed BTC amount from largest to smallest, with alphabetical tie-breaking; no complete-market rank is assigned.", "total": "Sum the latest active verified BTC observation for each selected entity using exact decimal arithmetic." }, "companies": [ { "as_of_date": "2026-09-27", "btc_amount": "847666", "capital": { "basic_share_change": "1,469,165 Class A shares sold through the ATM during September 21-27 and none during September 14-20; the filings do not restate a period-end common-share denominator for a Gazette BTC-per-share calculation.", "funding_path": "Two weekly 8-Ks cover the change. Strategy's September 21 8-K (accession 0001193125-26-396093) reports 950 BTC bought during September 14-20 with $75.7 million of USD Cash and no ATM sales. Its September 28 8-K (accession 0001193125-26-403417) reports 1,665 BTC bought during September 21-27 with $142.7 million of the $246.2 million net raised by selling 1,469,165 MSTR shares through its ATM; the other $103.5 million funded STRC repurchases. The filings state whole bitcoin and do not reconcile to the unit: the two purchases sum to 2,615 BTC, while the filed aggregates, 845,050 as of September 13 (its September 14 8-K, accession 0001193125-26-389858) and 847,666 as of September 27, differ by 2,616." }, "change": { "btc_delta": "2616", "period_end": "2026-09-27", "period_start": "2026-09-14", "previous_btc": "845050" }, "confidence": "high", "control": { "note": "Issuer-reported consolidated holdings; custody addresses, wallet control, and any asset-level encumbrance are not established by this filing." }, "entity_type": "public_company", "evidence_type": "regulatory_filing", "exchange": "NASDAQ", "jurisdiction": "United States", "limitation": "This is an issuer-reported consolidated holding. SG has not independently verified custodian balances or wallet control. The same filing reports common-share issuance, preferred-stock repurchases, dividend payments, and use of the USD Reserve and USD Cash; the BTC figure should not be read without that financing context.", "name": "Strategy Inc", "source": { "locator": "Item 8.01; BTC Update table; Aggregate BTC Holdings as of September 27, 2026", "published_on": "2026-09-28", "title": "Strategy Inc Current Report on Form 8-K dated September 28, 2026", "url": "https://www.sec.gov/Archives/edgar/data/1050446/000119312526403417/mstr-20260914.htm" }, "ticker": "MSTR" }, { "as_of_date": "2026-06-30", "btc_amount": "43514", "confidence": "high", "control": { "note": "The filing says approximately 16,116 BTC were pledged as collateral and unavailable for liquidity.", "restricted_btc": "16116" }, "entity_type": "public_company", "evidence_type": "regulatory_filing", "exchange": "NYSE", "jurisdiction": "United States", "limitation": "Approximately 16,116 BTC were pledged as collateral and unavailable for liquidity; custody is with Anchorage and wallet control was not independently verified; the filing reports a material weakness related in part to technical accounting for the PIPE Bitcoin Sale; later changes are possible.", "name": "Twenty One Capital, Inc.", "source": { "locator": "Part I, Item 1, Note 6 - Digital Assets, pages 15-16; Bitcoin units and outstanding balance at June 30, 2026", "published_on": "2026-08-11", "title": "Twenty One Capital, Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026", "url": "https://www.sec.gov/Archives/edgar/data/2070457/000121390026087471/ea0299640-10q_twentyone.htm" }, "ticker": "XXI" }, { "as_of_date": "2026-06-30", "btc_amount": "43000", "confidence": "high", "entity_type": "public_company", "evidence_type": "company_disclosure", "exchange": "TSE", "jurisdiction": "Japan", "limitation": "The disclosure is an issuer-reported consolidated holding. Metaplanet uses Bitcoin and cash as collateral and had drawn a Bitcoin-collateralized credit facility, but this source does not quantify how many of the 43,000 BTC were pledged. The company also states that on-chain information alone cannot establish address ownership, custodial control, or liens. SG has not independently verified those matters, and later transactions may change holdings after June 30, 2026.", "name": "Metaplanet Inc.", "source": { "locator": "Page 4, Overview of Operating Results; Bitcoin holdings totaled 43,000 BTC as of June 30, 2026", "published_on": "2026-08-13", "title": "Metaplanet Inc. Consolidated Financial Results for the Six Months Ended June 30, 2026 (Interim) (Under Japanese GAAP)", "url": "https://contents.xj-storage.jp/xcontents/33500/ccef5126/8cc0/4501/b779/01892d97a274/140120260813519694.pdf" }, "ticker": "3350" }, { "as_of_date": "2026-06-30", "btc_amount": "35577", "confidence": "high", "control": { "loaned_btc": "4742", "note": "The filing reports 4,528 BTC pledged as collateral and 4,742 BTC loaned to third parties; 26,307 BTC were unrestricted.", "restricted_btc": "4528" }, "entity_type": "public_company", "evidence_type": "regulatory_filing", "exchange": "NASDAQ", "jurisdiction": "United States", "limitation": "The disclosed total includes 4,742 BTC loaned to third parties and 4,528 BTC pledged as collateral; only 26,307 BTC were unrestricted. It excludes 44 BTC held by an equity-method investee pending distribution. SG has not independently verified wallets, custody, counterparties, or collateral control, and MARA states that it sells bitcoin on an ongoing basis, so this is not a claim about holdings after June 30, 2026.", "name": "MARA Holdings, Inc.", "source": { "locator": "Part I, Item 1, Note 5 - Digital Assets, page F-16; Total bitcoin holdings as of June 30, 2026", "published_on": "2026-08-06", "title": "MARA Holdings, Inc. Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026", "url": "https://www.sec.gov/Archives/edgar/data/1507605/000150760526000022/mara-20260630.htm" }, "ticker": "MARA" }, { "as_of_date": "2026-08-28", "btc_amount": "23156", "capital": { "basic_share_change": "Effective common shares increased by 3,579,147, from 89,683,423 to 93,262,570.", "btc_per_share_change": "Gazette calculation using effective common shares: about 23,813 to 24,829 sats per share, up 4.27%.", "diluted_share_change": "Assumed fully diluted shares increased by 3,574,125, from 92,949,226 to 96,523,351.", "funding_path": "The filing records the BTC purchase and period balances but does not assign a specific funding source to the purchase." }, "change": { "btc_delta": "1800", "period_end": "2026-08-28", "period_start": "2026-08-24", "previous_btc": "21356" }, "confidence": "high", "control": { "note": "The August 31 filing does not state an asset-level pledge or custody split for the 23,156 BTC position." }, "entity_type": "public_company", "evidence_type": "regulatory_filing", "exchange": "NASDAQ", "jurisdiction": "United States", "limitation": "This is an issuer-reported holding. SG has not independently verified custody or wallet control. The filing reports both a BTC increase and a larger common-share base, so the acquisition should not be presented as a holding change alone.", "name": "Strive, Inc.", "source": { "locator": "Item 8.01; balance and shares-outstanding table comparing August 21 with August 28, 2026", "published_on": "2026-08-31", "title": "Strive, Inc. Current Report on Form 8-K dated August 31, 2026", "url": "https://www.sec.gov/Archives/edgar/data/1920406/000162828026059468/asst-20260831.htm" }, "ticker": "ASST" }, { "as_of_date": "2026-06-30", "btc_amount": "12205", "confidence": "high", "entity_type": "public_company", "evidence_type": "regulatory_filing", "exchange": "NASDAQ", "jurisdiction": "United States", "limitation": "This amount excludes a separate receivable relating to 1,719 BTC posted to derivative counterparties after control transferred; those counterparties served as custodians of the collateral. Wallet control was not independently verified and later changes are possible.", "name": "CleanSpark, Inc.", "source": { "locator": "Part I, Item 1, Note 4 - Bitcoin, pages F-13 to F-14; number of Bitcoin held at June 30, 2026", "published_on": "2026-08-06", "title": "CleanSpark, Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026", "url": "https://www.sec.gov/Archives/edgar/data/827876/000119312526338382/clsk-20260630.htm" }, "ticker": "CLSK" }, { "as_of_date": "2026-06-30", "btc_amount": "11380", "confidence": "high", "control": { "note": "The filing reports 5,821 BTC restricted as collateral and 5,559 BTC unrestricted.", "restricted_btc": "5821" }, "entity_type": "public_company", "evidence_type": "regulatory_filing", "exchange": "NASDAQ", "jurisdiction": "United States", "limitation": "Of the total, 5,821 BTC were restricted as collateral for the company's credit facility and 5,559 BTC were unrestricted; custody addresses and control were not independently verified; later mining, sales, or collateral changes are possible.", "name": "Riot Platforms, Inc.", "source": { "locator": "Part I, Item 1, Note 5 - Bitcoin, page 12; balance and restricted-Bitcoin reconciliation at June 30, 2026", "published_on": "2026-08-10", "title": "Riot Platforms, Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026", "url": "https://www.sec.gov/Archives/edgar/data/1167419/000110465926093448/riot-20260630x10q.htm" }, "ticker": "RIOT" }, { "as_of_date": "2026-06-30", "btc_amount": "9314", "confidence": "high", "control": { "note": "The entity-level amount excludes American Bitcoin to prevent double counting; 4,850 BTC were pledged as collateral.", "restricted_btc": "4850" }, "entity_type": "public_company", "evidence_type": "regulatory_filing", "exchange": "NASDAQ", "jurisdiction": "United States", "limitation": "This entity-level amount intentionally excludes American Bitcoin's 8,002 BTC to prevent double-counting when that separately listed company is recorded; Hut 8 controls American Bitcoin and its consolidated filing reports 17,316 BTC. Of Hut 8's attributed amount, 4,850 BTC were pledged as collateral. Third-party custody and wallet control were not independently verified.", "name": "Hut 8 Corp.", "source": { "locator": "Part I, Item 3 - Market Price Risk of Bitcoin, page 59; 17,316 consolidated BTC split between 9,314 held by Hut 8 and 8,002 held by American Bitcoin", "published_on": "2026-08-04", "title": "Hut 8 Corp. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026", "url": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm" }, "ticker": "HUT" }, { "as_of_date": "2026-06-30", "btc_amount": "9117", "confidence": "high", "entity_type": "public_company", "evidence_type": "regulatory_filing", "exchange": "NYSE", "jurisdiction": "United States", "limitation": "The amount excludes 299 BTC held briefly for Cash App operating purposes and excludes all customer and trading-partner Bitcoin; custody keys or addresses were not independently verified and later changes are possible.", "name": "Block, Inc.", "source": { "locator": "Part I, Item 1, Note 11 - Bitcoin, page 24; Bitcoin investment balance at June 30, 2026", "published_on": "2026-08-05", "title": "Block, Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026", "url": "https://www.sec.gov/Archives/edgar/data/1512673/000162828026053368/xyz-20260630.htm" }, "ticker": "XYZ" }, { "as_of_date": "2026-06-30", "btc_amount": "8002", "confidence": "high", "control": { "note": "The filing reports 3,090 BTC pledged to Bitmain for miner purchases and 4,912 BTC held in custody.", "restricted_btc": "3090" }, "entity_type": "public_company", "evidence_type": "regulatory_filing", "exchange": "NASDAQ", "jurisdiction": "United States", "limitation": "Of the total, 3,090 BTC were pledged to Bitmain for miner purchases and restricted, while 4,912 BTC were held in custody. Hut 8 controls American Bitcoin; Hut 8's separate ledger amount excludes these coins to prevent double-counting. Wallet control was not independently verified and later changes are possible.", "name": "American Bitcoin Corp.", "source": { "locator": "Part I, Item 1, Note 5 - Digital assets, pages 14-15; standalone reserve and custody/pledge split at June 30, 2026", "published_on": "2026-08-03", "title": "American Bitcoin Corp. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026", "url": "https://www.sec.gov/Archives/edgar/data/1755953/000119312526329472/abtc-20260630.htm" }, "ticker": "ABTC" }, { "as_of_date": "2026-06-30", "btc_amount": "1056", "confidence": "high", "entity_type": "public_company", "evidence_type": "company_disclosure", "exchange": "NYSE", "jurisdiction": "Cayman Islands", "limitation": "Unaudited results release rather than audited financial statements. The disclosure does not establish custody addresses, restrictions or encumbrances, and Cango's mining and treasury activity may have changed after June 30, 2026; the company's later 6-K filings this period concern an NYSE listing matter and carry no bitcoin figures.", "name": "Cango Inc.", "source": { "locator": "Second Quarter 2026 Financial and Operational Highlights; digital asset reserves held at quarter-end", "published_on": "2026-08-31", "title": "Cango Inc. Reports Second Quarter 2026 Unaudited Financial Results", "url": "https://www.sec.gov/Archives/edgar/data/1725123/000149315226040816/ex99-1.htm" }, "ticker": "CANG" } ], "input_sha256": "00e4847e826d20d8a9d3983c91b5cd37a7554414f85a8d9ef35308fc095df535", "methodology_version": "sg_bitcoin_treasury_methodology.v2", "schema_version": "sg_bitcoin_treasury_public_snapshot.v2", "scope": { "description": "A selected evidence set of directly disclosed corporate Bitcoin holdings; not a complete global market ranking.", "excludes": [ "ETFs, funds, trusts, custodians, exchanges, and client assets", "governments and sovereign reserves", "wallet-attribution estimates and secondary-source-only claims", "synthetic or tokenized Bitcoin exposure" ] }, "summary": { "earliest_as_of_date": "2026-06-30", "latest_as_of_date": "2026-09-27", "selected_total_btc": "1043987", "selected_verified_entities": 11 } }