BitcoinTreasuries.net shows what companies report and locks advanced data behind a login wall. Bitcoin Companies shows both claimed AND on-chain verified BTC with a % match, plus an interactive world map. Different tools, different trust models.
Strategy says it holds 672,497 BTC.
BitcoinTreasuries.net publishes that number because Strategy filed it with the SEC. Bitcoin Companies publishes it too, but also shows how much of it is confirmed on-chain, with a verification percentage.
Same claim. Different levels of proof.
At a Glance
| BitcoinTreasuries.net | Bitcoin Companies | |
|---|---|---|
| Founded | 2020 (by NVK) | 2025 |
| Data shown | Self-reported only | Claimed + on-chain verified (% match) |
| Verification | Editorial (team reviews filings) | Dual: claims sourced + blockchain matched via Arkham |
| Entities | 194+ | Growing |
| Financial metrics | mNAV, BTC Yield | Verification %, tier rankings |
| Interactive map | No | Yes (global BTC flows) |
| Mobile-first | No | Yes |
| Historical data | Login wall | No login required |
| Pricing | Undisclosed premium | Free, no login |
| Newsletter | Yes (Pete Rizzo) | No |
The Login Wall Problem
Want to see BitcoinTreasuries.net’s historical metrics? Advanced data? Similar entities?
“Log in or create an account to see historical metrics.”
They don’t publish pricing. They gate the most useful data. And when a data platform is free but requires your email to access features, you should ask what the actual product is.
On Bitcoin Companies, everything is accessible. No login. No paywall. Open data.
The Verification Difference
BitcoinTreasuries.net: One number, one source
A company files a 10-K saying they hold 50,000 BTC. BitcoinTreasuries.net publishes 50,000 BTC. End of story.
For public companies with audited financials, this is reasonably reliable. For private companies and governments? Pure trust.
Bitcoin Companies: Two numbers, two sources
Bitcoin Companies shows both layers:
- Claimed: What the company reports (SEC filings, press releases, tweets). Every claim links to its original source so you can verify it yourself.
- On-chain verified: What’s confirmed at blockchain addresses via Arkham Intelligence entity matching and address monitoring.
- % Verified: The match between claimed and on-chain. 100% = every claimed satoshi found on-chain.
Both numbers are independently verifiable. Click through to the SEC filing. Click through to the Arkham entity page. Check the blockchain explorer. The data is open, not gated.
Twenty One Capital showed the gold standard:
The Map: Macro View of Bitcoin Flows
BitcoinTreasuries.net is a table. A good table, but a table.
Bitcoin Companies has an interactive world map showing the global distribution of Bitcoin treasury holdings. Countries colored by BTC concentration. Tier markers (Leviathan, Whale, Dolphin) showing which companies are where. Pinch-to-zoom on mobile, pan across continents, click any country for details.
Not just “who holds how much” but “where is Bitcoin flowing?”
Where Bitcoin Companies Wins
Dual verification
No other tracker shows both claimed AND on-chain verified data side by side with a percentage match. This is the fundamental difference.
Open data, no wall
Everything accessible. No login, no gated features, no undisclosed pricing.
Mobile-first + interactive map
Built for phones. Bottom sheets, touch navigation, responsive map. BitcoinTreasuries.net is desktop-first.
Rich profiles
Hero stories, cover images, gamified tier system. Category pages for miners, ETFs, exchanges. Country and region pages optimized for search.
Where BitcoinTreasuries.net Wins
Brand recognition
Four years of citations in NYT, CNBC, CoinDesk, Yahoo Finance. When a journalist needs a Bitcoin treasury number, this is where they go. That’s real.
Financial metrics
mNAV, BTC Yield, BTC Yield Discount. Metrics they invented that became industry standard. Valuable for stock investors.
Editorial depth
Pete Rizzo (ex-CoinDesk, ex-Bitcoin Magazine) as CEO. Newsletter, podcast, intelligence reports.
When to Use Each
| You need… | Use this |
|---|---|
| The industry standard citation | BitcoinTreasuries.net |
| mNAV and stock analysis metrics | BitcoinTreasuries.net |
| Verification that BTC exists on-chain | Bitcoin Companies |
| Data without a login wall | Bitcoin Companies |
| A map of global Bitcoin flows | Bitcoin Companies |
| Both reference data AND verification | Use both |
Built BitcoinCompanies so my kids can learn Bitcoin on a map full of 🐉 🐋 🐳 🦈 🐬 🐙 🐠 🦀 🦐.
Turns out adults like it too.