Public companies have accumulated $94 billion worth of bitcoins on their balance sheets

Companies added a record 159 107 coins to their balance sheets during the reporting period

Corporate bitcoin accumulations reached 847 000 BTC in the second quarter

10.07.2025 - 13:55

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4 min

What’s new? Corporate interest in bitcoin hit new highs in Q2 2025, with companies adding a record 159 107 coins to their balance sheets worth more than $17,6 billion at current exchange rates, according to data from investment firm Bitwise.

Source: X.com

What else is known? Companies bought 23,13% more coins in the reporting period than in the previous quarter, bringing the total corporate accumulation to 847 000 BTC or about 4% of the total bitcoin supply, programmatically capped at 21 million coins.

The total value of corporate bitcoin holdings reached $91 billion by the end of the quarter, based on a closing price of $107 754, a 60,93% increase from Q1.

After that, bitcoin’s rise continued and the asset hit a new all-time high above $112 000 on July 9.

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The number of public companies investing in bitcoin also increased sharply, with 46 more in Q2 and the total number rising to 125, up 58,23% from the previous quarter.

The segment leader is Michael Saylor’s analytics software company Strategy with a stock of 597 325 coins. The company has been following a bitcoin accumulation strategy since 2020, issuing convertible bonds and shares to fund regular purchases.

The company’s stock, under the ticker MSTR, is up 43% since the beginning of the year, far outperforming the S&P 500 index’s modest 6,4% gain over the same period.

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The largest miner, Marathon, with a capitalization of $6,49 billion, is the second-largest corporate bitcoin holder with a balance of 49 940 BTC. Its MARA stock is up more than 10% since the beginning of the year.

New entrants in the corporate bitcoin investor segment include Twenty One, which raised $685 million and invested more than $450 million of that in BTC. In Japan, the market leader was Metaplanet with a balance of 13 350 BTC, its shares dominate the local market in terms of trading volume, overtaking such well-known companies as Toyota and Sony.

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GameStop also started investing in the first cryptocurrency, accumulating 4710 BTC on its balance sheet and cementing the trend of non-crypto companies entering this market. Trump Media has also joined the race, filing to raise $2,5 billion for bitcoin investments.

This week, miner London BTC Company (formerly Vinanz) raised 1,5 million pounds sterling ($2 million) by issuing 11,5 million common shares to further accumulate cryptocurrency. So far, this strategy has not had a positive impact on the value of its securities: since the beginning of the year, they have fallen by more than 42%, and over the last day, by more than 7%.

The largest holder of bitcoin remains the creator of the asset, Satoshi Nakamoto, with a balance of 1 123 500 coins. He is followed by the world’s largest investment company BlackRock with a balance of over 700 000 coins. The company purchases these bitcoins on behalf of investors for its spot exchange-traded fund IBIT, which will be launched in January 2024. Strategy sits in third place on the overall list.

Bloomberg analyst Eric Balchunas estimated that at the current pace of purchases, BlackRock’s IBIT could become the largest holder by May 2026.

Source: X.com