Corporate adoption of Bitcoin has reached a historic milestone, with over 1 million BTC now held on the balance sheets of public companies worldwide.
Market Leaders and New Entrants
According to BitcoinTreasuries.NET, corporate holdings of Bitcoin reached 1,003,426 BTC. A total of 186 companies worldwide now hold Bitcoin, underscoring institutional trust. Strategy leads the pack with 636,505 BTC, having made its first purchase in August 2020. Second place is held by MARA Holdings with 52,477 BTC, including 705 BTC mined in August. New entrants are emerging with ambitious treasury strategies, such as XXI led by Jack Mallers with 43,514 BTC and Bitcoin Standard Treasury Company with 30,021 BTC. Other significant holders include Bullish with 24,000 BTC and Japan's Metaplanet with 20,000 BTC.
Supply Impact and Global Strategies
Public company holdings now constitute 5.1% of Bitcoin's total capped supply. With fewer circulating coins left, scarcity pressures are increasing. Companies like Metaplanet and Semler Scientific aim to significantly increase their holdings to 210,000 BTC and 105,000 BTC, respectively, by 2027. Their strategies are largely based on equity and debt financing, allowing them to match shareholder value with Bitcoin exposure. Some firms, such as XXI and Bitcoin Standard Treasury Company, entered through Special Purpose Acquisition Companies (SPACs), providing faster access to public markets. Corporate adoption is global, with 64 companies based in the U.S., 34 in Canada, and 11 each in the UK and Japan.
Wider Holdings Beyond Companies
However, public companies are not the largest holders of Bitcoin. Exchanges and ETF issuers control 1.62 million BTC, more than any other group. Governments collectively hold 526,363 BTC, while private companies account for 295,015 BTC. Another 242,866 BTC remain locked in crypto protocols. The remaining Bitcoins are in the hands of individuals, requiring secure management of private keys. The trend toward corporate treasuries has gained momentum since the initial purchase by Strategy. Bitcoin's role as a treasury reserve asset now extends across technology, finance, and even media companies, each addition strengthening Bitcoin's position in corporate finance.
As corporate ownership of Bitcoin continues to rise, its influence on financial markets is growing, with companies seeking new opportunities to expand their assets and adapt to changing economic realities.
