Start 7-day trial
All articles

Digital asset treasury companies: 14 firms, 7 on bitcoin

By NAUT Research · · 6 min read

14 Digital asset treasuries listed companies tagged DAT on NAUT, with the treasury asset each one carries. Logos: Strategy, Metaplanet, XXI, BitMine, Capital B, DeFi Dev Corp, Upexi, Sui Group Holdings, Solana Company, Eightco Holdings, IP Strategy, ZOOZ Power, Satsuma Technology, Vaultz Capital.

Digital asset treasury companies are listed companies that hold a crypto asset on their balance sheet as a reserve, and NAUT tracks 14 of them, from Strategy and Metaplanet to BitMine and Upexi. All 14 have a treasury asset on record, 7 of them on BTC, 3 on SOL and 1 each on SUI, WLD, $IP and ETH, and every company below links to its NAUT page with its team and its X handle.

How this list was built: NAUT's database held 21 company rows tagged DAT when it was read on 28 October 2026, after 3 more rows were set aside because the database marks them as merged records or as an investor firm rather than an operating company. Each of the 21 rows was then read against the title of this list, description first and the company's own site next, on 29 October 2026. 7 rows describe a different kind of business and are named lower down with the reason, which leaves 14. The treasury asset comes from NAUT's own data for 5 companies, and for 8 more from a company release, a dated news report or the company's own site, each cited inline. 1 company has no asset named here. Written by NAUT Research.

Which digital asset treasury companies does NAUT track?

These 14 companies are tagged DAT on NAUT and name a digital asset held on the balance sheet, either in NAUT's own data or on their own site and releases. The asset column names the asset only where NAUT's data or a dated source carries it.

Company NAUT's record Treasury asset
European bitcoin finance company (PA: ALCPB) BTC
Bitcoin native assets company, at xxi.money BTC
BTC reserve assets company (TYO: 3350) BTC, per its own site
Digital asset investment company (AQSE: V3TC) BTC, per its own site
Listed company (SATS.L) BTC, per its own site
Flywheel energy storage and fast charging corporation (Nasdaq: ZOOZ) BTC, 854 coins as of 6 October 2025
Digital asset financial platform (NASDAQ: DFDV) SOL
Neurotech company (Nasdaq: HSDT), renamed from Helius Medical Technologies SOL
Consumer data platform (Nasdaq: UPXI) SOL, 2,000,518 coins as of 5 August 2025
Non-bank lender (NASDAQ: SUIG), renamed from Mill City Ventures III SUI
Blockchain technology company (NASDAQ: OCTO) WLD
Craft brewing company (NASDAQ: IPST), renamed from Heritage Distilling $IP, 53.2M tokens as of 22 August 2025
Bitcoin mining company (NASDAQ: BMNR) ETH, 4,473,587 coins as of 1 March 2026
Analytics and business intelligence company (Nasdaq: MSTR) BTC, 818,334 coins as of 26 April 2026

2 rows carry a NAUT description that no longer matches what the company does. BitMine reads as a bitcoin mining company in NAUT's data, while bitminetech.io, read on 29 October 2026, puts an Ethereum treasury at the top of its home page and calls itself the largest corporate holder of Ethereum. Strategy reads as an analytics and business intelligence company with no digital asset anywhere in its NAUT record, while a CoinDesk report of 27 April 2026 quotes its chair putting its holding at 818,334 BTC as of 26 April 2026. Both descriptions are a gap in NAUT's record.

3 more of the 14 show how these balance sheets get built: the listed company was renamed for its new treasury and kept its old business description. IP Strategy, previously Heritage Distilling, still reads as a craft brewing company on NAUT, Solana Company, previously Helius Medical Technologies, as a neurotech company, and Sui Group Holdings, previously Mill City Ventures III, as a non-bank lender.

Which assets do these digital asset treasury companies hold?

All 14 have an asset on record: 7 on BTC, 3 on SOL, and 1 each on SUI, WLD, $IP and ETH. Here is where each one comes from.

  • BTC. Strategy held 818,334 BTC as of 26 April 2026, per its chair as quoted by CoinDesk on 27 April 2026. Capital B and XXI carry BTC in NAUT's own data, and both describe themselves on NAUT as bitcoin companies. Metaplanet titles its home page as a bitcoin treasury company and shows its BTC holdings there, Vaultz Capital says it holds a bitcoin treasury reserve alongside its operating activities, and Satsuma Technology says it maintains a significant bitcoin treasury, all 3 read on 29 October 2026. ZOOZ Power announced on 6 October 2025 that it "has now purchased 854 bitcoin", for an aggregate consideration of $100M.
  • SOL. DeFi Dev Corp and Solana Company carry SOL in NAUT's own data. Upexi reported on 5 August 2025 that it "held 2,000,518 SOL, up 172% from the 735,692 SOL at the end of June 2025."
  • SUI. Sui Group Holdings carries SUI in NAUT's own data, under the name it took from Mill City Ventures III.
  • WLD. Eightco Holdings closed a $270M private placement on 10 September 2025 "to acquire and hold Worldcoin (WLD) as its treasury reserve asset."
  • $IP. IP Strategy, then named Heritage Distilling, reported on 22 August 2025 that it held 53.2M $IP tokens on its balance sheet, worth more than $320M at the time.
  • ETH. BitMine names an Ethereum treasury on its own site, read on 29 October 2026, and a CoinDesk report of 2 March 2026 put its holding at 4,473,587 ETH, or 3.71% of supply, as of 1 March 2026.

7 of the 14 on BTC and 3 on SOL means bitcoin is still the largest group, with 4 single-asset outliers on SUI, WLD, $IP and ETH.

Which DAT-tagged companies are not digital asset treasury companies?

7 of the 21 rows tagged DAT on 28 October 2026 describe a different business once you read the row and its own site, so they sit outside the 14. The tag is a lead, and a list built on the tag alone would have carried all 21 names.

  • Hilbert Group is an institutional digital asset manager. Its site, read on 29 October 2026, sells basis strategies, lending and treasury solutions to other firms, and names no treasury of its own.
  • DeFi Technologies describes itself on its own site, read on 29 October 2026, as an infrastructure platform for institutions, with no balance sheet treasury strategy on the page.
  • Immutable Holdings calls itself a blockchain holding company on its site, read on 29 October 2026, and names no treasury asset or amount.
  • Phoenix Group is tagged a crypto miner on NAUT and leads with AI and digital infrastructure on its own site, read on 29 October 2026, with no treasury holding named.
  • Bit Digital is described on NAUT as a bitcoin mining company, and bit-digital.com returned HTTP 403 to NAUT's fetch on 29 October 2026, so no treasury program could be read there. It stays out until a holding can be sourced.
  • Catalyst is a decentralized science funding platform and RoboStrategy is a closed-end fund investing in private and public robotics and embodied AI companies. Neither is a listed company holding crypto as a reserve.

All 7 are still worth a look for a BD team, because a miner or an asset manager buys much of the same custody, execution and audit stack.

What this tells a BD team

A DAT balance sheet creates buyers for custody, execution, lending, audit, market making and investor relations, and these 14 rows are a short, named list of those buyers.

  • The 14 companies with a named asset tell you the venue and the custody question before the first call: 7 on BTC, 3 on SOL, and 1 each on SUI, WLD, $IP and ETH.
  • The 3 renamed companies that still carry an old business description, IP Strategy, Solana Company and Sui Group Holdings, are treasuries bolted onto an existing business, so their vendor stack is the least settled.
  • 4 of the 14 carry a non-US listing in their NAUT record, which decides the regulator you quote: Capital B on the Paris market as ALCPB, Metaplanet in Tokyo as 3350, Satsuma Technology in London as SATS.L and Vaultz Capital on AQSE as V3TC.
  • Every one of the 14 carries an X handle on its NAUT page, as of 28 October 2026, so a public account is always a route in.
How a BD team can work the DAT list
  1. Pick the asset7 of the 14 are on BTC, 3 on SOL, and 1 each on SUI, WLD, $IP and ETH.
  2. Target the new treasuriesThe 3 renamed companies, IP Strategy to Sui Group Holdings, are buying their vendor stack now.
  3. Find the personOpen the company's NAUT page and read its team list before you write.
  4. Open with the holdingName the asset and the figure the company published, as Upexi did with 2,000,518 SOL.

What this tells a founder raising or an investor sourcing

A DAT is a balance sheet that has to put its asset to work, which makes these 14 companies a distinct pool of capital and a distinct set of comparables.

  • A founder building on SOL has 3 listed treasuries on that asset: DeFi Dev Corp, Solana Company and Upexi. A founder on ETH has 1, BitMine.
  • An investor pricing a DAT trade has 14 named assets to work with and 5 dated holding figures, from 854 bitcoin at ZOOZ Power to 4,473,587 ETH at BitMine, so check each company's own filings for the current number before you model it.
  • Vaultz Capital runs its bitcoin treasury next to an operating business, which prices differently from a pure reserve vehicle such as XXI.
How an investor can source in this pool
  1. Start with the assetAll 14 have an asset on record.
  2. Read the original filingNAUT links each company's own site, where the holding figures are published.
  3. Check the rename history3 of the 14 kept the description of a prior business, such as IP Strategy.
  4. Ask for the introNAUT lists the team on each company page, so the request goes to a named person.

How do you reach the decision makers at a digital asset treasury company?

Each of the 14 companies has a NAUT page holding its description, its sector tags, its X handle and the people NAUT has on its team, so the path from this list to a named person is 2 clicks. The treasury decision at a listed company usually sits with the CEO or the CFO, and the operating detail with whoever runs the treasury, so read the team list for a title before you pick a name. Where NAUT has no team listed yet, the company's X account, linked from its NAUT page, is the next route, and all 14 carried a handle as of 28 October 2026.

Can you pull this data through the NAUT API?

Yes. Every company in this article is in NAUT's developer API as JSON, the same records the pages show. GET https://api.naut.so/v1/projects/strategy returns that company with its team, in the same shape as every other company named here, for 5 credits a call. A key with no credits gets clearly marked sample data, so you can build against it first. Plans start at $49 a month for 3,000 credits (pricing), and the API docs list every endpoint. Verified Telegram, email and LinkedIn for the people on NAUT unlock on any paid plan: start a 7-day trial.

Digital asset treasury companies FAQ

What is a digital asset treasury company?

A digital asset treasury company, often shortened to DAT, is a listed company that holds a crypto asset on its balance sheet as a reserve. NAUT tracks 14 of them as of 28 October 2026, including Strategy, Metaplanet, XXI, BitMine and Sui Group Holdings.

Which public companies hold crypto on their balance sheet?

As of 28 October 2026, NAUT lists 14 of them: Strategy, Metaplanet, XXI, BitMine, Capital B, DeFi Dev Corp, Solana Company, Upexi, Sui Group Holdings, Eightco Holdings, IP Strategy, ZOOZ Power, Satsuma Technology and Vaultz Capital.

Which digital asset treasury companies hold bitcoin?

7 of the 14 hold BTC: Strategy held 818,334 BTC as of 26 April 2026 per CoinDesk, Capital B and XXI carry it in NAUT's data, and Metaplanet, Vaultz Capital and Satsuma Technology each name a bitcoin treasury on their own site, read on 29 October 2026. ZOOZ Power published a holding of 854 bitcoin on 6 October 2025.

How many DAT companies does NAUT track?

NAUT held 21 company rows tagged DAT when the database was read on 28 October 2026. 14 of them describe a listed company holding digital assets, and the other 7 describe mining, asset management, holding-company or non-crypto fund businesses: Hilbert Group, DeFi Technologies, Immutable Holdings, Phoenix Group, Bit Digital, Catalyst and RoboStrategy.

How do I reach someone at a DAT company?

Open the company's NAUT page from this list and read its team for a title, then use the X handle on the page if no team is listed yet. All 14 companies carried an X handle on NAUT as of 28 October 2026, and NAUT can also route a warm introduction request through a shared connection.

Can I get this data through an API?

Yes. NAUT's developer API at api.naut.so/v1 returns the data behind this article as JSON: GET /v1/projects/strategy returns that company with its team, in the same shape as every other company named here. A call costs 5 credits, and a key with no credits returns marked sample data for free.

Sources

Browse all articles