Hebbia analyzed thousands of filings to find hidden Bitcoin exposure in public companies, not just MicroStrategy. • 135 companies now hold ~657k BTC (~3.3% of all Bitcoin) • MicroStrategy leads with ~423k BTC • Many lesser-known firms hold BTC through treasuries, ETFs, or debt • Average BTC-beta is 0.62; 12 companies have a beta over 1 This isn’t just crypto hype, it’s real balance sheet exposure.
140,55K