Multiplexing technologies can be used as a platform for low-cost, high-performance, and large-capacity holographic displays and data storage systems. In this paper, a polarization multiplexed method is proposed to realize two different information channels under orthogonally linear-polarized incidences utilizing the coding metasurface. Based on the modified weighted Gerchberg–Saxton (GSW) algorithm, a two-bit coding metasurface is designed with a set of double-layer cross-type meta-atoms to encode the holographic phase information, which can reflect two independent holographic images with respect to different incident polarization. The experimental results agree well with the numerical simulations and the theoretical predictions, which make the proposed multiplexed two-bit coding meta-hologram a great potential in numerous applications such as data storage and information processing.