BitcoinTreasuries.net is the most cited treasury tracker, but it locks data behind a login wall and only shows self-reported numbers. Here are 5 alternatives: Bitcoin Companies (dual verification with % match), BitcoinQuant (financial metrics), Bitbo (252 entities), Arkham (wallet forensics), and CoinGecko (quick reference).
Public companies now hold over 1 million Bitcoin.
That milestone matters. But here’s the problem: every tracker reporting that number is trusting what companies say, not what the blockchain shows.
And if you want to dig deeper on BitcoinTreasuries.net? Historical metrics, advanced data, similar entities? Login wall.
If it’s free, you’re the product.
The Quick Comparison
| Verification | Entities | Best For | Free? | |
|---|---|---|---|---|
| Bitcoin Companies | Claims + on-chain % match | Growing | Verified data + macro map view | Yes, no login |
| BitcoinTreasuries.net | SEC filings only | 194+ | Industry reference | Login wall for advanced data |
| BitcoinQuant | SEC filings | 100+ | Stock analysis | Yes, no login |
| Bitbo | Disclosures | 252 | Broadest dataset | Yes, no login |
| Arkham | AI wallet clustering | 150K+ | Wallet forensics | Freemium |
| CoinGecko | Disclosures | Major | Quick lookup | Yes |
1. Bitcoin Companies (Dual Verification + Interactive Map)
The only tracker that shows both claimed AND on-chain verified BTC side by side.
Most trackers show one number: what companies report. Bitcoin Companies shows two: what they claim (SEC filings, press releases, Twitter announcements) AND what’s verified on-chain, with a percentage match.
Every company profile has a proof-of-reserves page showing:
- Claimed BTC: Sourced from SEC filings, press releases, earnings reports. Every claim links to its source so you can verify yourself.
- Verified BTC: Matched against blockchain data via Arkham Intelligence entity tracking and address monitoring.
- % Verified: How much of the claimed BTC is confirmed on-chain. 100% means every claimed satoshi has been found at verified addresses.
Jack Mallers showed what full transparency looks like:
That’s the direction. Companies proving their holdings on-chain, auditable by anyone.
See it in action:
What else makes it different:
- Interactive world map: See Bitcoin flows globally. Countries colored by BTC holdings, tier markers showing which companies are where. Mobile-optimized with pinch-to-zoom.
- Mobile-first design: Built for phones first, not desktop-then-squeeze. Bottom sheets, touch-friendly navigation, responsive map.
- No login wall, no paywall: Everything is accessible. No “sign up to see historical data.”
- Gamified tiers: Sovereign, Leviathan, Whale, Shark, Dolphin, Fish, Octopus, Crab, Shrimp. Companies earn their rank.
- Rich profiles: Hero stories, cover images, category pages (miners, ETFs, exchanges), country and region pages.
The trade-off: Newer platform, still growing entity count. No mNAV or stock-focused metrics yet.
2. BitcoinQuant (Financial Analytics)
The Bloomberg Terminal for Bitcoin Treasuries. Actually free.
BitcoinQuant tracks 100+ public companies with 30+ metrics each. Options data, implied volatility, short interest, debt-to-BTC ratios, per-purchase acquisition history. Completely free, no login.
If you’re evaluating whether to buy MSTR stock or Metaplanet shares, this is the tool.
Standout features:
| Metric | Available? |
|---|---|
| mNAV (premium/discount) | Yes |
| Options implied volatility | Yes (unique) |
| Put-call ratio | Yes (unique) |
| Short interest | Yes (unique) |
| Per-purchase acquisition history | Yes |
The trade-off: Public companies only. No private companies, no governments, no ETFs. No on-chain verification.
3. Bitbo Treasuries (Broadest Coverage)
252 entities. 3.77 million BTC. The biggest dataset.
Bitbo Treasuries (also BitcoinTreasuries.com) covers six categories: ETFs, countries, public companies, private companies, miners, and DeFi protocols. More entities than anyone.
What stands out:
- Daily ETF inflow/outflow tracking (12 US spot ETFs)
- “Latest Changes” feed showing same-day BTC movements
- Historical total chart from 2018 to present
- Free with no login
The trade-off: No on-chain verification. Companies can’t register or claim profiles. No verification percentage. Generic table UI.
4. Arkham Intelligence (Forensic Wallet Tracking)
They found $54.5 billion of MicroStrategy’s Bitcoin. Without asking.
Arkham Intelligence isn’t a treasury tracker. It’s a blockchain forensics platform. But when it comes to finding who holds what on-chain, nobody does it better.
800 million address labels. 150,000+ entities. 20+ blockchains. Bitcoin Companies actually uses Arkham’s entity data as one of our on-chain verification sources.
When to use it:
- Tracing fund flows between wallets
- Investigating undisclosed holdings
- Compliance and AML research
The trade-off: Steep learning curve. No ranked leaderboard. No category pages. Account required. The “deanonymizing the blockchain” mission isn’t for everyone.
5. CoinGecko Treasuries (Quick Reference)
Need a number in 3 seconds? Go here.
CoinGecko’s Bitcoin Treasuries page is the simplest option. Clean table, institutional holdings, acquisition cost, unrealized P&L.
No mNAV. No company pages. No on-chain verification. But for a quick answer, it works.
Which One Should You Use?
| You need… | Use this |
|---|---|
| Verified data with % on-chain match | Bitcoin Companies |
| A macro map of global BTC flows | Bitcoin Companies |
| Stock analysis metrics (mNAV, options) | BitcoinQuant |
| The broadest dataset for research | Bitbo Treasuries |
| Forensic wallet investigation | Arkham Intelligence |
| A quick reference number | CoinGecko |
| The industry standard citation | BitcoinTreasuries.net |
The real question isn’t which tracker has the most companies. It’s which one lets you verify the data yourself.
Built BitcoinCompanies so my kids can learn Bitcoin on a map full of 🐉 🐋 🐳 🦈 🐬 🐙 🐠 🦀 🦐.
Turns out adults like it too.