- Public companies now hold over 1M BTC worth $111B, marking 5.1% of Bitcoin’s total supply.
- Strategy leads with 636,505 BTC, while new entrants expand corporate treasury strategies.
- Corporate adoption spans 186 firms worldwide, fueling Bitcoin scarcity and market resilience.
Corporate Bitcoin adoption has reached a landmark moment. More than 1 million BTC are now held on the balance sheets of listed companies. The holdings represent more than $111 billion in value and about 5% of the total Bitcoin supply.
Strategy Leads, New Entrants Gain Ground
BitcoinTreasuries.NET reported Thursday that corporate holdings hit 1,003,426 BTC.
A total of 186 companies worldwide now hold Bitcoin, underscoring institutional trust. Strategy holds the first place with 636,505 BTC, with its first purchase in August 2020. Its accumulation remains large compared to all others.
MARA Holdings ranks second with 52,477 BTC, including 705 BTC mined in August. The company has consistently maintained its position. New entrants are emerging with ambitious treasury strategies. XXI, led by Jack Mallers, holds 43,514 BTC. Bitcoin Standard Treasury Company follows with 30,021 BTC. Other significant holders include Bullish with 24,000 BTC and Japan’s Metaplanet with 20,000 BTC. Both have expansion plans underway.
Riot Platforms, Trump Media & Technology Group Corp, CleanSpark, and Coinbase round out the top ten, each holding thousands of BTC. Together, these firms highlight the widening base of corporate adopters.
Supply Impact and Global Participation
Public company holdings now constitute 5.1% of the capped supply of Bitcoin. With fewer circulating coins left, scarcity pressures are increasing. Companies such as Metaplanet and Semler Scientific aim to increase holdings by a substantial margin by 2027. They have a target of 210,000 BTC and 105,000 BTC. The Bitcoin adoption plans are largely based on equity and debt financing. These resources make it possible to expand and match shareholder value to Bitcoin exposure.
Some firms, like XXI and Bitcoin Standard Treasury Company, entered through Special Purpose Acquisition Companies. These SPACs provided faster access to public markets. Corporate adoption is global. Sixty-four companies are based in the United States, while Canada hosts 34. The UK and Japan follow with 11 each, and Hong Kong has 9 public companies. Companies in other countries, such as Mexico and South Africa, have also started Bitcoin treasury programs. Such diversification demonstrates the reach of adoption.
Related: BRC2.0 Brings Smart Contracts to Bitcoin’s Blockchain
Beyond Companies: Wider Holdings
Public companies are not the largest Bitcoin-holding entities. Exchanges and ETF issuers control 1.62 million BTC, more than any other group. Governments collectively hold 526,363 BTC. 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, though this requires secure management of the private keys. The move towards corporate treasuries has gained momentum since the initial purchase of Strategy. Bitcoin’s role as a treasury reserve asset now extends across technology, finance, and even media companies. Each addition strengthens Bitcoin’s position in corporate finance.
