Corporate interest in Bitcoin surged to new highs during the second quarter of 2025, with companies accumulating a record 159,107 BTC, valued at over $17.6 billion based on current prices.

This total represents a 23.13% increase quarter-on-quarter, pushing overall corporate Bitcoin (BTC) holdings to 847,000 BTC—or approximately 4% of the cryptocurrency’s capped 21 million supply—according to data compiled by Bitwise Asset Management.

The total market value of corporate Bitcoin holdings climbed to $91 billion by the end of Q2, calculated using BTC’s $107,754 closing price—a 60.93% jump from the previous quarter. Since then, Bitcoin prices have continued their upward trajectory, surpassing $112,000—a new all-time high—and contributing to a renewed market rally.

Additionally, the number of publicly listed companies holding Bitcoin saw a significant uptick, increasing by 58.23% quarter-on-quarter to reach 125 firms, with 46 new corporate entities entering the market during this period.

Leading Players and New Entrants

Leading the charge is **Strategy**, currently holding the largest Bitcoin stash by a significant margin—597,325 coins. The company, founded by Bitcoin advocate Michael Saylor, has notably expanded its holdings through the consistent issuance of convertible notes and at-the-market (ATM) equity offerings.

Strategy’s aggressive accumulation strategy has also positively impacted its stock performance. Its shares have climbed 43% year-to-date (YTD), dramatically outperforming the S&P 500’s modest 6.4% gain over the same timeframe. Recent performance highlights include a more than 6% increase over the last month and approximately a 9% rise in the past week, as per Google Finance data.

The second-largest corporate holder is **MARA Holdings**, with a Bitcoin reserve of 49,940 BTC. The company’s stock has risen more than 10% YTD.

New entrants have also strengthened the corporate Bitcoin landscape. **21** initially raised $685 million in capital and committed over $450 million to Bitcoin purchases. In Japan, **Metaplanet** has emerged as a prominent player, surpassing established consumer brands like Toyota and Sony in Tokyo trading volume while accumulating 13,350 BTC.

The trend extends to companies historically outside the crypto sphere, such as **GameStop**, which recently made headlines for its first-ever Bitcoin purchase (4,710 BTC). Similarly, **Trump Media** has signaled intent to enter the market substantially, filing for a $2.5 billion raise specifically earmarked for Bitcoin accumulation.

Secondary Market Activity and Share Performance

Further demonstrating the institutional interest, **London BTC Company** (previously Vinanz) successfully raised $2 million following the issuance of shares, specifically to support additional Bitcoin purchases. This London-listed firm maintains active mining operations in the U.S. and Canada. However, despite its correlation with the soaring crypto market, its stock—which is down over 42% YTD—experienced a further 7% decline in the preceding 24 hours.