Public companies’ Bitcoin holdings surpassed 1 million BTC, with Michael Saylor’s Strategy maintaining a massive lead amid a wave of entrants.

Corporate Bitcoin treasury adoption has hit a huge milestone, reaching 1 million Bitcoin as more companies tout Bitcoin’s potential to bolster their balance sheets.

BitcoinTreasuries.NET confirmed the feat on Thursday, with a few additional purchases pushing the tally to 1,000,698 Bitcoin, worth over $111 billion.

While Bitcoin miners like MARA Holdings were the OG Bitcoin accumulators, Michael Saylor’s Strategy was the first public company to adopt a Bitcoin 

BTC

$111,320

 strategy in August 2020 — paving the way for many of the 184 listed companies that hold Bitcoin today.

Saylor’s company holds by far the most Bitcoin at 636,505 BTC, while MARA Holdings has held steady in second position with 52,477 BTC after mining 705 BTC in August.

However, a few new Bitcoin treasury companies are closing in, including Jack Mallers-led XXI and Bitcoin Standard Treasury Company, which now hold 43,514 BTC and 30,021 BTC, respectively.

Crypto exchange Bullish and Japanese investment firm Metaplanet hold 24,000 BTC and 20,000 BTC, respectively, while Riot Platforms, Trump Media & Technology Group Corp, CleanSpark and Coinbase round out the top 10.