Fourteen publicly traded companies have sold an estimated 108,247 Bitcoin, valued at approximately $8.08 billion, so far in 2026, with MARA Holdings and Riot Platforms accounting for more than half of the reported total. The figures were shared by Wu Blockchain, which attributed the underlying data to onchain analytics from Lookonchain.

Wu Blockchain, a widely followed cryptocurrency news account, highlighted the totals in a post on X, citing Lookonchain, an analytics service that tracks movements of Bitcoin and other digital assets on blockchains. Tracking of this kind is possible because every Bitcoin transfer is recorded on a public ledger, allowing analytics firms to measure wallet activity linked to large holders such as listed companies.

MARA Holdings, which rebranded from Marathon Digital Holdings in 2024 and trades on Nasdaq under the ticker MARA, led the reported sales with 40,581 BTC. Riot Platforms, a fellow Bitcoin miner listed on the NYSE as RIOT, ranked second with 20,264 BTC. Combined, the two companies accounted for approximately 56.2% of the 108,247 BTC total, making them the largest contributors among the 14 publicly traded companies included in the figures.

MARA and Riot Account for More Than Half of Reported Sales

The figures show a substantial concentration of reported Bitcoin disposals among the two leading companies. MARA's estimated 40,581 BTC represented the largest individual amount in the dataset, while Riot Platforms' 20,264 BTC ranked second. Together, the pair accounts for approximately 56.2% of the aggregate, meaning the remaining twelve companies represent less than half of the reported total. Given this concentration, the headline total is closely tied to the reported activity of the two leading firms. The sectoral makeup of the list adds context: both leaders are Bitcoin miners, a business model in which companies receive Bitcoin directly as revenue from their mining operations, placing sizable coin reserves under corporate control whose movements are observable onchain.

Bitdeer, Cango and CleanSpark Follow the Leaders

Other companies also recorded significant amounts. Bitdeer, a crypto mining and cloud hashrate services firm, was associated with 10,553 BTC, while Cango, an automotive services company that expanded into Bitcoin mining in late 2024, recorded 7,001 BTC. CleanSpark, another Nasdaq-listed Bitcoin miner, followed with 5,715 BTC, placing all three among the companies with the largest reported Bitcoin sales after MARA and Riot.

These figures form part of an estimated aggregate of 108,247 BTC across the 14 publicly traded companies. At the reported valuation, the total represents approximately $8.08 billion in Bitcoin. Because the underlying data is drawn from onchain observation, the aggregate reflects Bitcoin movements recorded on the blockchain during the period.

Figures Include Estimated Outflows and Options Deliveries

The methodology behind the reported total carries an important qualification. According to the information shared by Wu Blockchain, the figures include some estimated onchain outflows and options-related deliveries. They therefore do not represent exclusively confirmed spot-market sales. In other words, the shared figures blend confirmed sales with amounts inferred from blockchain activity and options settlements, a construction that shapes how each company-level number should be interpreted.

This distinction matters when interpreting the numbers. Onchain outflows and options-related deliveries may be included in estimates of Bitcoin disposals, but their presence does not establish that every reported BTC amount was sold through a direct spot-market transaction. Options deliveries in particular settle derivative positions and do not by themselves demonstrate that the associated Bitcoin was exchanged for cash in a spot transaction. The company-level totals should accordingly be read as estimates that combine observed onchain movements and options-related deliveries, rather than as a verified ledger of executed spot-market orders.

Lookonchain was identified as the source of the underlying figures, while Wu Blockchain shared the reported findings. The available information does not provide a complete breakdown of the remaining nine companies, nor does it specify the individual transaction details behind every estimated amount. On the basis of the published data, company-level comparisons are limited to the five firms whose totals were explicitly named. More granular figures would depend on follow-up publications from Lookonchain or Wu Blockchain, or on treasury disclosures the companies themselves make in periodic public filings, and because the total covers activity only through the reporting date, the year-to-date aggregate could still change before the end of 2026.

The figures were reported by Hokanews on November 10, 2026, in an article by technology and blockchain writer Victoria Hale. The original article is available at Hokanews.