Remember when Strategy’s Bitcoin strategy was met with skepticism by the business world? Well, it’s safe to say that plan has paid off handsomely. The software firm is now swimming in profits thanks to the latest Bitcoin surge. Their stock price even soared to a record high in November, and their Bitcoin holdings? They’ve ballooned to over $42 billion at the time of this writing.

And guess what? Their success is catching on! More and more companies are taking note and following suit. While Strategy—you might remember them as MicroStrategy—founder Michael Saylor is likely thrilled. He’s been championing this corporate Bitcoin adoption for ages.

Over the past few months, we’ve seen a growing wave of publicly traded companies giving the green light to Bitcoin as a key part of their treasury reserves. Even companies that were already in the Bitcoin game are now doubling down, increasing their crypto stashes.

In fact, over 70 companies have jumped into the deep end of the crypto pool, embracing Strategy’s Bitcoin-first approach. This comes as Bitcoin is absolutely taking off! Just imagine: President-elect Donald Trump signing an executive order for a national Bitcoin reserve, and Bitcoin itself hitting a sky-high $108,000 in January!

Even though Bitcoin has settled a bit to around $85,000 lately, companies are *still* piling in. New players are joining the Bitcoin treasury trend, and those already holding are bulking up their reserves.

So, who else is following in Strategy’s footsteps and loading up on Bitcoin? Here are 11 more publicly traded companies that are getting into the Bitcoin game.

Tesla 

First up, we have Tesla. Yes, Elon Musk’s electric car giant, with its CEO who’s famously fond of Dogecoin. Tesla’s been holding Bitcoin for a solid four years now. And despite recently moving their crypto to different wallets last fall, all signs point to them still being HODLers. They haven’t signaled any plans to sell off their BTC.

Tesla and Bitcoin? It’s a story with some history. Back in February 2021, the company made headlines when they announced a whopping $1.5 billion investment in Bitcoin! They even talked about accepting it for car payments.

They later pumped the brakes on the payment plan, with Musk citing environmental concerns around Bitcoin mining. They did sell off some of their holdings, but they’re still sitting on a significant pile. Recent reports still show them holding strong with 11,509 Bitcoin, currently valued around $978 million.

Block

Next up is Block, the financial powerhouse behind the Square payments platform. This company is holding serious Bitcoin—over 8,000 BTC to be precise. That stash is worth at least $758 million as of today, according to one estimate. 

Block, founded by Jack Dorsey, was quick to jump on the Bitcoin train, not long after MicroStrategy paved the way. They made their first big Bitcoin buy in October 2020, grabbing over 4,700 BTC.

Rumble

Moving on, we have Rumble. This video streaming platform made waves in November when they joined the ranks of public companies adopting a Bitcoin treasury strategy. Rumble’s Bitcoin plan involves investing up to $20 million in Bitcoin, as outlined in a company announcement. 

But Rumble’s crypto ambitions go beyond just holding Bitcoin. They’re aiming to become *the* platform for the crypto community. To help achieve this ambitious goal, they’ve even secured a massive $775 million investment from Tether, the stablecoin giant.

And on March 15th, Rumble put their Bitcoin plan into action, using $17.1 million of their initial $20 million commitment to purchase approximately 188 Bitcoin.

LEEF Brands

Let’s talk cannabis and crypto! LEEF Brands, a cannabis company, announced in December that they’re also diving into Bitcoin as a treasury reserve asset.

This Canadian company plans to fund their Bitcoin investment through a $5 million Bitcoin-backed debenture offering, according to their official statement. Currently, they’re holding 3.9 BTC in cold storage, but details on further Bitcoin purchases are still under wraps as of March 2025.

Semler Scientific

In the medical tech world, Semler Scientific is making moves in crypto. Last May, they started purchasing Bitcoin, the king cryptocurrency, with the announcement of their Bitcoin treasury reserve strategy. 

Since then, they’ve been actively buying Bitcoin, especially ramping up their purchases in the latter half of last year.

“We plan to keep buying bitcoin using our operating cash and proceeds from our ATM program,” Semler Scientific CEO Eric Semler stated in November. He further added, “We’re also looking into other financing options to potentially acquire even *more* bitcoin.”

As of February 4th, Semler Scientific’s Bitcoin holdings stood at 3,192, which was valued at nearly $268 million at the time of writing.

Banzai

Let’s switch gears to marketing tech. Banzai, a marketing technology solutions company, announced in November that they’re allocating up to 10% of their corporate treasury to Bitcoin. According to Banzai CEO Joe Davy, said in a statement last year, adding Bitcoin to their financial reserves will diversify their assets and allow them to potentially profit from Bitcoin’s long-term growth.

Fold

Next on our list is Fold, a company specializing in Bitcoin services. They recently boosted their Bitcoin treasury by adding 475 more coins, now holding over 1,485 Bitcoin in total. That’s roughly $126 million worth at today’s prices.

While Fold is no stranger to Bitcoin, their status as a publicly traded company is new—they started trading on the Nasdaq under the ticker FLD in February 2025.

Company CEO Will Reeves explained their Bitcoin strategy after their latest purchase: “Fold’s Bitcoin treasury serves a double purpose: it provides value to investors who want Bitcoin exposure, while also acting as a strategic corporate reserve to support our expanding range of Bitcoin-focused financial products.”

Interestingly, Fold rewards users of their financial services with Bitcoin. They’ve already given out over $20 million in BTC rewards as of early March 2025.

Worksport

Let’s move into the automotive sector again, but this time for truck covers. Worksport, a truck cover manufacturer, announced in December 2024 their plan to create a treasury holding both Bitcoin and XRP. Just a month later, they made their initial “six-figure purchase” of these cryptocurrencies as a way to hedge against inflation.

CEO Steven Rossi explained, “Our business is growing rapidly, with increasing revenues and improving profit margins. We see our strategic treasury plan as a low-risk way to protect against inflation and potentially benefit from greater regulatory clarity in the crypto space.”

Rossi also mentioned that Worksport is taking a long-term investment approach to both Bitcoin and XRP.

Fathom Holdings

Now, let’s look at real estate tech. Fathom Holdings, a real estate technologies firm, announced in January their plan to put up to 50% of their extra cash into creating a Bitcoin treasury.

However, this Bitcoin announcement didn’t seem to wow traditional stock investors. Shares of Fathom—trading on Nasdaq as FTHM—have actually dropped nearly 35% so far this year.

Despite the stock market reaction, CFO Joanne Zach remains optimistic about their Bitcoin strategy. She told investors that it diversifies Fathom’s treasury and “positions Fathom at the cutting edge of digital currency transactions in today’s real estate market.”

To kick things off, Fathom committed to buying up to $500,000 worth of Bitcoin or Bitcoin ETFs in the final weeks of January.

Nuvve

Last but not least, we have Nuvve, an electric vehicle technologies company. They joined the growing list of public companies creating Bitcoin treasuries at the end of January.

Nuvve, which trades on the Nasdaq as NVVE, announced they’d be using up to 30% of their cash reserves to purchase Bitcoin, depending on market conditions.

While their stock price saw a small bump on the day of the announcement, overall, they’ve had a tough year, with stock prices dropping over 55% year-to-date. Besides buying Bitcoin as a treasury asset, Nuvve also plans to accept BTC as payment. Company CEO and founder Gregory Poilasne explained that “accepting BTC will offer more payment options for customers and suppliers, potentially with less friction compared to traditional digital currencies.”

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.