Treasury Qualification
Treasury classificationBitcoin Miner with Strategic Holdings
Qualification tierCore Directory
Directory statusIncluded
Ownership statusCompany-owned; partially loaned and pledged
Strategic intent
The company retains a material portion of mined and acquired Bitcoin as a strategic corporate reserve while operating a Bitcoin-mining business.
Bitcoin Treasury
BTC counted in directory35,303 BTC
Estimated value$2,251,378,219BTC price retrieved: July 28, 2026 at 19:58 UTC
Holdings as ofMarch 31, 2026
Average purchase priceNot disclosed
Ownership and Restrictions
Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.
Total BTC reported35,303
Unencumbered / unrestricted25,308
Pledged as collateral4,253
Loaned to third parties5,742
Subsidiary-owned0
Other restricted / receivable0
Latest Financial Results
Reporting period: Three months ended March 31, 2026
Revenue$174,614,000
Operating income/loss$-1,061,496,000
Net income/loss$-1,262,397,000
Cash$513,653,000
Management
- Chief executive officer
- Fred Thiel
- Chief financial officer
- Salman Khan
- Executive chair
- Fred Thiel (Chairman of the Board)