Private Bitcoin Holdings Total $281.8B Surpassing H&M Market Cap

Private companies holding Bitcoin have reached a new milestone. It collectively owns BTC worth $281.8 billion. A figure that now exceeds the market capitalization of fashion giant H&M, according to the latest data from BitcoinTreasuries.net. The finding underscores Bitcoin’s growing dominance as a corporate asset, rivaling major traditional businesses in value.

Private Bitcoin Treasuries Outpace H&M

According to BitcoinTreasuries.net, the top 10 private Bitcoin treasury holders now control 281,804 BTC. It’s collectively valued at over $281.8 billion. This combined value surpasses H&M market cap of ₹2.7 trillion (approximately $35 billion USD). H&M, one of the world’s largest fashion retailers, currently ranks as the 752nd most valuable company by market cap. The Swedish brand’s stock performance has been relatively steady this year, marking a 44.86% increase in 2025 after a decline in 2024. 

Yet, despite the rebound. Its valuation is still dwarfed by the scale of private Bitcoin holdings, a striking comparison between the digital asset world and legacy retail. This crossover signals how rapidly Bitcoin perceived store-of-value status is translating into real financial power. Corporate Bitcoin adoption continues to expand. Especially among companies looking for alternative reserves against inflation and currency depreciation.

Strategy Leads the Pack with Over 640K BTC

At the top of the Bitcoin treasury leaderboard stands Strategy (MSTR). It holds a staggering 640,031 BTC, far ahead of all other firms. The company aggressive Bitcoin acquisition strategy has positioned it as a global leader in crypto based treasury management. Following Strategy are MARA Holdings, Inc. (MARA) with 52,850 BTC, and XXI (CEP) holding 43,514 BTC. Metaplanet Inc. (MTPLF) of Japan takes the fourth spot with 30,823 BTC. It reflects Asia’s growing interest in corporate Bitcoin reserves.

Other notable names on the list include the Bitcoin Standard Treasury Company (30,021 BTC), Bullish (24,300 BTC), and Riot Platforms (19,287 BTC). Even non-crypto-native companies like Trump Media & Technology Group (15,000 BTC) and CleanSpark (13,011 BTC) feature prominently. While Coinbase Global (11,776 BTC) rounds out the top ten. Together, these companies represent a wide mix of industries, from technology and finance to energy and media. All converging around Bitcoin as a core treasury asset.

Bitcoin as a Balance Sheet Power Move

The surge in Bitcoin holdings by private corporations reflects a deeper shift in financial strategy. As fiat currencies continue to face inflationary pressure. Businesses are looking for assets that can retain long term value. Bitcoin fixed supply and decentralized nature make it an appealing hedge against traditional market instability.

Analysts note that institutional confidence has grown significantly since early adopters like Strategy . It has demonstrated the profitability of long term Bitcoin accumulation. Many firms now view BTC not just as a speculative investment. But as a strategic balance sheet reserve capable of enhancing shareholder value. This movement is also supported by transparent public disclosures. Companies openly report their holdings to signal stability and innovation to investors.

A Symbolic Shift in Global Value

The fact that private Bitcoin holdings now outweigh H&M entire market value represents more than just a numbers game. It’s a reflection of changing economic priorities. Digital assets are steadily gaining legitimacy in the corporate world. Traditional companies face tighter margins and slower growth cycles.

As 2025 heads into its final quarter. The comparison between decentralized digital value and centralized corporate worth offers a snapshot of how global finance is evolving. Bitcoin rise on corporate balance sheets continues to challenge long held assumptions. About what defines value, stability and long term growth. Simply put, the future of money is no longer confined to bank accounts or stock markets. It’s on the blockchain.