Corporate Bitcoin Holdings Double ETF Acquisitions in 2025

Publicly listed companies have significantly increased their Bitcoin holdings, with acquisitions doubling those made by exchange-traded funds (ETFs) in the first half of 2025. This shift underscores a growing trend where Bitcoin is increasingly viewed as a strategic financial asset rather than a speculative tool. According to the data, publicly listed companies acquired 245,510 BTC in the first half of 2025, surpassing the volume bought by ETFs during the same period.

This trend is largely driven by Michael Saylor's strategy, which has led a wave of Bitcoin treasury acquisitions. Saylor's company, Strategy, has amassed over 553,000 BTC, making it one of the largest corporate holders of Bitcoin. Other companies across various sectors are following suit, integrating Bitcoin as a key financial asset. This strategic shift is reflected in the actions of other listed companies, who are prioritizing inflation hedging, brand alignment, and cross-border liquidity through their Bitcoin holdings.

The increased acquisition of Bitcoin by corporations highlights a growing institutional confidence in the cryptocurrency. Michael Saylor has emphasized Bitcoin's strategic value, stating that "Bitcoin is hope." Dylan LeClair describes the corporate embrace of Bitcoin as "a one-way train," suggesting that more companies are likely to follow this trend. This sentiment is echoed by Andre Dragosch, Head of Research, who notes that the corporate race for BTC is heating up faster than many expected.

The current market dynamics reflect a more favorable regulatory environment for cryptocurrencies. An executive order establishing a national Bitcoin reserve has been seen as a decisive step in recognizing Bitcoin’s legitimacy within the broader financial ecosystem. This governmental measure may enhance corporate confidence in accumulating Bitcoin, further driving the trend of corporate Bitcoin holdings.

Public companies now control around 855,000 BTC, accounting for roughly 4% of Bitcoin's total supply. This is significant when compared to ETFs, which collectively hold more than 1.4 million BTC, or about 6.8% of the cryptocurrency’s fixed supply. Several prominent companies have recently adopted the treasury Bitcoin strategy, including GameStop, KindlyMD, and ProCap Acquisition Corp. These companies are leveraging Bitcoin as a strategic reserve to strengthen their financial positions, demonstrating a broader acceptance among major corporations.

Strategy, formerly known as MicroStrategy, stands as the largest corporate holder of Bitcoin, with approximately 597,000 BTC in its treasury. Bitcoin mining company Mara Holdings is not far behind, boasting close to 50,000 BTC. This places significant emphasis on the strategic uses of Bitcoin beyond mere speculation. As more companies recognize the potential of Bitcoin as a treasury asset, the dialogue surrounding its role in corporate financial management is becoming increasingly relevant.

Experts suggest that the number of companies adopting this strategy may reduce over time as Bitcoin becomes more mainstream. However, companies that accumulate Bitcoin can leverage capital markets effectively to amass additional Bitcoin, offering a distinctive edge to investors. Those looking to engage with smaller companies in this sector may find promising opportunities during these early growth phases. The trend of corporate Bitcoin holdings is poised to play an integral role in corporate financial management moving forward, as more companies recognize its potential as a strategic financial asset.