Public companies haven’t cornered Bitcoin – not even close. While corporate holdings recently hit 688,000 BTC (about 3.28% of total supply), that’s hardly a monopoly. Sure, Strategy (formerly MicroStrategy) leads the pack with 531,644 BTC, and 79 public companies now hold Bitcoin. The accumulation trend is accelerating, with firms snatching up 95,900 BTC in Q1 2025 alone. But who’s really controlling the other 96.72%? That’s where things get interesting.
While crypto skeptics keep claiming Bitcoin is just digital fairy dust, public companies are voting with their wallets – and those wallets are getting heavy. Public companies now hold over 688,000 BTC, worth a staggering $57 billion at current prices. That’s 3.28% of Bitcoin’s entire fixed supply. Not exactly pocket change.
The corporate Bitcoin shopping spree accelerated in Q1 2025, with holdings jumping 16.11%. Twelve new companies jumped on the bandwagon, bringing the total number of public companies holding Bitcoin to 79. Strategy (formerly MicroStrategy) leads the pack with a mind-boggling 531,644 BTC after dropping $7.7 billion on more Bitcoin this quarter. With a cost basis of $37.89 billion, MicroStrategy maintains its position as the largest corporate Bitcoin holder. Talk about going all in.
What’s driving this corporate crypto craze? For starters, new FASB accounting rules let companies report Bitcoin at fair market value. No more headaches from outdated accounting practices. Companies like GameStop are joining the trend with $1.5 billion earmarked for Bitcoin investments. The OCC’s crypto approval for 1,200 U.S. banks has further legitimized digital assets in the corporate world.
Companies can finally treat Bitcoin like a normal asset, thanks to updated FASB rules simplifying crypto accounting practices.
Plus, companies are finally getting comfortable with the idea that Bitcoin isn’t just magic internet money. Even traditional firms are diversifying their treasuries with it.
Here’s where it gets interesting: Public companies, private businesses, and Bitcoin ETF issuers are now buying more Bitcoin than miners can produce. Simple supply and demand, folks. When demand outstrips supply, something’s got to give.
Ming Shing, a Hong Kong construction firm, just scooped up 833 BTC through its subsidiary. Video platform Rumble added 188 BTC to its stash. Mining companies and financial firms are piling in too. The trend is clear: Bitcoin is becoming a legitimate financial asset in corporate eyes.
But have they cornered the market? Not quite. While 3.28% of Bitcoin’s supply is significant, it’s hardly a monopoly.
Still, the rapid pace of accumulation raises eyebrows. With over 95,900 BTC purchased by public companies in Q1 2025 alone, the race for Bitcoin isn’t slowing down. And with $57 billion already invested, these corporations aren’t just dipping their toes – they’re diving in headfirst.
