Corporate Bitcoin Surges
Bitcoin has evolved beyond niche experiments. As of mid-2025, more than 35 publicly traded companies hold at least 1,000 Bitcoin on their balance sheets.
The Treasuries Are Piling In
This represents a significant escalation compared to the prior quarter’s 24 companies holding such large quantities. Fidelity Digital Assets highlights this trend, indicating a broadening base among public company purchases.
Executive Summary
“Bitcoin purchases became more widely distributed across public companies rather than concentrated among a few large buyers,” said Chris Kuiper, Fidelity’s VP of research.
A graph illustrating this growth would provide further detail.
Graph of Public Companies Holding 1,000 BTC or More
Growth drivers include an executive order from President Trump in early 2025, lending legitimacy to Bitcoin as a strategic asset, and ongoing concerns about inflation, which Bitcoin’s fixed supply helps mitigate.
BECOME ‘DIGITAL GOLD’
Companies utilize Bitcoin for treasury management, diversification away from traditional currencies, and signalling technological leadership. The focus appears to be long-term holding, akin to physical gold, rather than speculative trading.
Planned Institutional Spillover
Jeff Park, Head of Alpha Strategies at Bitwise, refers to the planned corporate inflows as a “wall of money“. He predicts potential price increases, possibly reaching $200,000, noting that near-future corporate purchases could exceed peak ETF inflows seen in early 2024.
Park estimates more than $15 billion in corporate Bitcoin purchases are planned, highlighting substantial institutional capital movement.
Institutional Appetite Hot
The Bitcoin derivatives market is also experiencing a surge, particularly futures. Open interest recently climbed to an all-time high near $45 billion. More significantly, on the traditional finance stage, regulated exchanges like the CME now feature substantial $16.5 billion in open interest – a sign of traditional finance getting comfortable.
This corporate adoption coincides with companies increasingly integrating Bitcoin into their financial planning, moving beyond viewing it as purely speculative towards treating it as a core asset.
Total participation maps indicate a growing landscape.
Graph of Entities Holding Bitcoin — BitcoinTreasuries
According to BitcoinTreasuries data, 160 public companies now hold Bitcoin, with significant concentrations in the U.S., Canada and the UK.
