Bitcoin News Today: Bitcoin's Corporate Takeover: 1M BTC Held as Reserve Asset

Publicly traded companies now collectively hold more than 1 million Bitcoin (BTC), with a total value of approximately $110 billion at current prices, according to BTC Treasuries. This milestone marks a significant increase in corporate adoption of Bitcoin as a reserve asset, reflecting growing confidence in its role as a long-term store of value and hedge against macroeconomic uncertainty. Strategy, the company led by Michael Saylor, dominates the landscape with 636,505 BTC, accounting for nearly two-thirds of the total corporate holdings. The top 10 firms collectively hold 863,397 BTC, or 86% of the total, underscoring the concentration of Bitcoin accumulation among a small number of firms.

The trend began in earnest in 2020 with Strategy’s initial accumulation of Bitcoin and has since expanded to include firms like Metaplanet, MARA Holdings, and the Bitcoin Standard Treasury Company. Notably, XXI, founded by Strike CEO Jack Mallers, has amassed 43,514 BTC, while Bullish holds 24,000 BTC and Metaplanet maintains 20,000 BTC. Other major players include Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase, each holding varying amounts of Bitcoin as part of broader corporate treasury strategies. This wave of accumulation has been supported by diverse funding mechanisms, including convertible debt offerings, equity raises, and SPACs.

New entrants are gaining ground, with firms like the Bitcoin Standard Treasury Company and XXI expanding their holdings rapidly. These companies were established with the explicit goal of building Bitcoin treasuries and offering equity-linked exposure to investors. Their strategies reflect a shift in corporate finance, where Bitcoin is increasingly being treated as a core component of diversified balance sheets. In addition to U.S.-based firms, 120 publicly traded companies outside the U.S. also hold Bitcoin, with ownership expanding in countries such as Canada, the UK, China Hong Kong, Mexico, South Africa, and Bahrain. This global trend highlights Bitcoin's role as a cross-border digital reserve asset.

The accumulation of Bitcoin by corporations is occurring at a time when only 5.2% of the cryptocurrency’s total supply remains to be mined. This limited supply has raised concerns about a potential supply shock as corporate demand continues to rise. The impact of these strategies is already evident in Bitcoin’s price action, which reached an all-time high of $124,450 in July 2025. Analysts attribute this movement to a combination of institutional buying, ETF inflows, and balance sheet expansion by firms seeking to allocate capital in alternative assets. However, Bitcoin has since retreated to below $110,000, with Strategy’s stock price down nearly 30% from its mid-July peak and Metaplanet shedding about two-thirds of its value since its high in late May.

The corporate accumulation of Bitcoin has not been without controversy. During the 2022 bear market, such strategies faced intense criticism, particularly after the collapse of FTX and a subsequent price drop to $15,740. Strategy’s refusal to sell its holdings during the downturn was widely regarded as reckless by financial media. However, the firm’s subsequent rebound has inspired a new wave of adopters, with companies like Metaplanet and Semler Scientific setting ambitious accumulation targets. Metaplanet, for example, aims to hold 210,000 BTC by 2027, while Semler Scientific targets 105,000 BTC by the same year—ten to twenty times their current holdings. These aspirations reflect a broader trend of firms treating Bitcoin as a strategic investment with long-term appreciation potential.

The growing number of corporate Bitcoin holders is reshaping market dynamics, with implications for liquidity, price volatility, and institutional demand. As more companies enter the space and scale their holdings, the balance of power in the Bitcoin market is shifting from retail investors to institutional players. This transition may accelerate if regulatory clarity improves and more firms adopt Bitcoin as part of their treasury management strategies. While challenges remain—including market volatility, regulatory scrutiny, and execution risk—corporate accumulation continues to demonstrate resilience and long-term value, cementing Bitcoin’s position as a mainstream asset class.

Source:

[1] Public Firm Bitcoin Holdings Top 1 Million BTC (https://www.coindesk.com/markets/2025/09/04/public-firms-bitcoin-holdings-top-1-million-btc)

[2] Bitcoin Treasuries Top 1 Million BTC as Firms Boost Holdings (https://finance.yahoo.com/news/bitcoin-treasuries-top-1-million-045500397.html)

[3] Trump family's American Bitcoin makes stock market debut (https://www.nbcnews.com/business/business-news/trump-american-bitcoin-crypto-venture-raises-conflict-interest-alarms-rcna228837)