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Institutions / reference page 8

Public Bitcoin treasuriesCount the company’s coins without counting its customers’ coins.

Source-linked desk guide · AI-prepared · Reviewed against sources 2026-10-04. Independent human editorial review pending.

Layered cobalt bridges connect an open ledger across a paper landscape.
Open networks, shared possibility.Original AI-generated conceptual illustration · not a photograph or data chart
The visual briefLTC · Field notes
Conceptual illustration · not live data

Follow ownership through the balance sheet.

Coins held for customers are not automatically a company’s treasury.

  1. Coins

    Record the native asset and disclosed quantity.

  2. Entity

    Identify who owns it and who holds the keys.

  3. Claims

    Keep debt and shareholder rights beside the asset disclosure.

Before you concludeFind the issuer record, as-of date and any encumbrances.

This desk follows corporate Bitcoin disclosures, capital raises, dilution and the difference between gross reserves and the claim attached to a share. The reference’s tracker ranking is a research lead; it is not a current, reconciled register.

The notebook / 01

A treasury record

A company entry needs the entity and ticker, filing or issuer release, as-of date, asset quantity and ownership basis. Customer custody, fund holdings and corporate reserves must occupy different fields.

An acquisition announcement can change the reporting perimeter before a balance sheet consolidates it. Keep announcement, completion and financial reporting dates separate.

The notebook / 02

Shareholder context

Holding more BTC does not alone establish higher per-share value. Outstanding and potentially dilutive securities, senior claims and the company’s metric conventions affect comparisons. Strategy’s public notes illustrate why definitions travel with a reported KPI.

Strategy: metric definitions and limitations ↗

The latest published edition

The date is part
of the evidence.

October 5, 2026 · Open issue ↗

unavailable

Strategy · mNAV definitions

Collected: 2026-10-05T04:14:43.940Z
Source-effective: Not established

Reference availability only, or an unavailable source. No validated metric or headline is supplied.

Inspect the saved evidence ↗

Saved observations are dated records, not continuously live values. Software releases retain their original publication dates. Holdings do not establish fund flows; rates and market access require separate current checks.

From the original design / October 2, 2026

Keep the table.
Keep its date.

These are transcribed historical design tables. Their figures have not been revalidated. They do not update with the daily issue and must not be read as current balances, prices, rates or rankings.

Reported Bitcoin leaders: the 21 rows printed on page 8

Reference page 8 ↗

October 2, 2026 tracker snapshot; issuer reconciliation incomplete · Historical design reference · not revalidated

Reported Bitcoin leaders: the 21 rows printed on page 8 — historical reference
#CompanyTickerReported BTC
1StrategyMSTR847,666
2Twenty OneXXI43,514
3MetaplanetMPJPY43,000
4MARAMARA35,577
5StriveASST27,462
6BullishBLSH22,000
7CoinbaseCOIN17,311
8CleanSparkCLSK13,703
9Trump MediaDJT12,062
10TeslaTSLA11,509
11RiotRIOT11,380
12Hut 8HUT10,278
13BlockXYZ9,117
14American BitcoinABTC8,300
15GD CultureGDC7,500
16GalaxyGLXY6,894
17Next TechnologyNXTT5,833
18GeminiGEMI5,528
19SilviaSVIA5,130
20Boyaa0434.HK4,468
21Nakamoto IncNAKA4,467
  • The PDF headline says “Twenty reported Bitcoin leaders” but its visible table contains 21 rows. Page 27 explains the addition of Nakamoto Inc at 4,467 BTC. This transcription preserves all 21 rows and records the headline inconsistency.
  • Source S05. Reported, not audited. The reference excludes SpaceX pending independent listing confirmation and excludes unranked Bitcoin Standard Treasury.
  • Corporate identity, listing status and issuer balances were not independently reconciled here. A ticker is transcribed as shown, not certified as the current or primary listing.

Read the original 26-source notebook →

The source shelf

Primary records first
  1. 01

    Primary source

    Strategy: metric definitions and limitations ↗

    Read the original record and its own date.

  2. 02

    Primary source

    Strive: investor relations ↗

    Read the original record and its own date.

  3. 03

    Historical source reference

    Reference source: Bitcoin Treasuries tracker ↗

    Source named in the October 2 design. Linked for follow-up; current numerical/deployment claims are not validated by the daily collector.