The cryptocurrency wave is sweeping through global capital markets!
From trading giants like Coinbase to "corporate Bitcoin buyers" such as Meitu and MicroStrategy, and hybrid "mining + on-chain finance" entities like Galaxy and Marathon — more publicly traded companies are leveraging crypto assets and blockchain technology as a new narrative engine to fuel stock price surges.
What capital logic and evolutionary trends underlie this frenzy? To demystify the landscape, Odaily Planet Daily conducted an in-depth scan of 44 representative global public companies, categorizing them into five key sectors based on their core crypto business attributes:
- Crypto Trading Platforms: The market's central hubs
- Stablecoin Issuers: Bridges between traditional and crypto finance
- Heavyweight Crypto Asset Holders: "Digital gold" on balance sheets
- Blockchain Tech & DeFi Pioneers: Building tomorrow's financial infrastructure
- Crypto Miners: Guardians of hashpower and value foundations
This article deconstructs each sector's key players and core strategies, helping investors identify the next wave of crypto capital market opportunities.
Crypto Trading Platforms: The Market's Central Hubs
Coinbase Global (NASDAQ: COIN)
Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase is a US-regulated crypto exchange offering secure trading, custody, and institutional services. As of Q1 2025, Coinbase co-created USDC stablecoin and holds 9,267 BTC + 137,334 ETH.
Bakkt (NYSE: BKKT)
Launched by ICE in 2018, Bakkt provides institutional-grade digital asset custody and trading infrastructure. In June 2025, it revised its $1B fundraising policy to include strategic Bitcoin allocations.
Robinhood (NASDAQ: HOOD)
Known for commission-free trading, Robinhood expanded into crypto and acquired Bitstamp for $200M in June 2025, gaining 50+ licenses and institutional clientele.
Other Notable Platforms:
- OSL Group (HKEX: 0863): Hong Kong's licensed digital asset platform
- Guotai Junan International (HKEX: 1788): First Chinese broker approved for crypto trading in Hong Kong
- OKLink (HKEX: 1499): Blockchain analytics and compliance tools
Stablecoin Issuers: Bridging Traditional and Crypto Finance
Circle Internet Group (NASDAQ: CRCL)
Creator of USDC, Circle raised $1.05B in its 2025 IPO, with the stablecoin becoming a dominant cross-chain settlement layer.
Emerging Players:
- JD CoinChain Tech (HKEX: 9618): Testing HK/USD-pegged stablecoins
- Hero Technologies (HKEX: 1647): Exploring stablecoin infrastructure
Heavyweight Crypto Asset Holders
MicroStrategy (NASDAQ: MSTR)
Holds ~580K BTC ($58B+), with stock soaring 4,315% since its first Bitcoin purchase in 2020.
Tesla (NASDAQ: TSLA)
Pioneered corporate BTC adoption in 2021, though later sold most holdings.
Other Strategic Holders:
- GameStop (NYSE: GME): NFT marketplace + BTC treasury
- Meitu (HKEX: 1357): Early ETH/BTC investor
- Trump Media (NASDAQ: DJT): $2.3B crypto allocation plan
Blockchain Tech & DeFi Pioneers
Galaxy Digital (NASDAQ: GLXY)
Mike Novogratz's crypto investment firm holding 12,830 BTC ($1.37B) and expanding regulated services.
Emerging Innovators:
- DeFi Technologies (NASDAQ: DEFT): ETH staking + institutional ETPs
- BTCS Inc. (NASDAQ: BTCS): Multi-chain staking services
Crypto Miners: Hashpower Guardians
Marathon Digital (NASDAQ: MARA)
Produces 950 BTC/month with 49,179 BTC reserves ($5B+).
Other Major Miners:
- Bitdeer (NASDAQ: BTDR): 1.6 GW capacity expansion
- CleanSpark (NASDAQ: CLSK): 50 EH/s sustainable mining
Conclusion
From MicroStrategy’s "Bitcoin treasury" model to SharpLink’s "ETH battleship" pivot, public companies are fundamentally rewriting valuation playbooks through crypto adoption. This isn’t just a bull market—it’s a historic recalibration of corporate balance sheets and investment theses.
👉 Explore crypto investment opportunities with leading platforms.
FAQ
Q: Which public company holds the most Bitcoin?
A: MicroStrategy leads with ~580,000 BTC ($58B+).
Q: Are stablecoin issuers profitable?
A: Circle (USDC) saw 168% IPO pop, showing strong market demand.
Q: How do crypto miners hedge volatility?
A: Many hold mined coins (e.g., Marathon’s 49K BTC reserve) or use futures contracts.
👉 Start trading crypto today on regulated exchanges.
Disclaimer: This content is for informational purposes only. Cryptocurrency investments involve high risk.
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