A recent report from MicroStrategist highlights a growing global trend: corporations are aggressively accumulating Bitcoin for their treasuries. While MicroStrategy leads, there is also rapid accumulation among smaller companies.
MicroStrategy's Leading Role in Accumulations
MicroStrategy remains the undisputed leader among corporate Bitcoin holders, boasting 582,000 BTC. This constitutes 2.771% of Bitcoin's total supply, significantly surpassing Marathon Digital Holdings, which holds 49,179 BTC (0.234% of total supply). However, MicroStrategy's substantial lead comes with heightened expectations. The company's ability to expand its Bitcoin reserves depends on continued access to bond funding.
Bitcoin Market Trends
Bitcoin is currently trading above its long-term power law trendline, indicating strong upward momentum. According to projections, the median Bitcoin prices are expected to be: * **$336,000 by 2030** * **$998,000 by 2035** In the past year, Bitcoin's price surged by over 61.3%, and in the last 30 days, it climbed 3.4% to reach $107,036. Despite a pause in the global M2 money supply, the report highlights that Bitcoin typically lags liquidity by 12 weeks, suggesting potential for further growth in the coming months.
Agile Accumulators: Smaller Firms Make Big Moves
The report emphasizes that smaller companies are exhibiting the fastest Bitcoin accumulation per share, often seeing their share prices rise in tandem with their increasing 'stacking speed.' Here are some notable smaller players: * **Semler Scientific:** Holds 3,808 BTC and acquired over 1,424 BTC in 2025 alone, which could enhance its valuation if ongoing legal issues are resolved. * **ALTBG:** Possesses approximately 620 BTC, valued at $66,098,274, and is reportedly preparing for substantial Bitcoin acquisitions. * **MetaPlanet:** Owns 8,888 BTC, valued at around $947,550,746, but investors are advised to exercise caution regarding its price valuation. * **Smarter Web (SWC):** Holds about 10.6 BTC, valued at $1,130,067, and features a high daily BTC yield of 9.6%, though the report cautions about potential reversals.
In conclusion, the analysis warns that companies with high market Net Asset Value (mNAV) and high days to close (DTC) may be overhyped. A slowdown in Bitcoin stacking by these firms could lead to sharp declines in their share prices. Investors are advised to seek out companies that balance rapid Bitcoin accumulation with sustainable growth.
