Corporate Bitcoin Holdings Surge 135% in 2025 Exceeding Annual Supply

2025 marks a pivotal year for Bitcoin in terms of institutional adoption, strategic reserves, and supply absorption. Corporate holdings—both public and private—have not only surged in quantity but have also surpassed the projected annual Bitcoin issuance of 164,250 BTC. This shift is attributed to increasing regulatory clarity, the rising perception of Bitcoin as a hedge against inflation, and the growing demand for decentralized financial assets.

Public companies hold over 725,000 BTC, more than a 135% increase from 2024. Private companies are estimated to hold over 300,000 BTC, though transparency remains limited. Total corporate holdings likely exceed 1 million BTC, rivaling sovereign holdings. This implies that corporate demand alone is absorbing over 6 years’ worth of new Bitcoin issuance, indicating extreme institutional confidence in BTC’s long-term value.

In 2024, only 64 public companies held Bitcoin on their balance sheets. As of June 2025, 151 public firms have integrated Bitcoin into their treasury strategies. This growth is influenced by a U.S. policy shift recognizing Bitcoin as a strategic asset, institutional frameworks and clearer taxation laws globally, and public endorsements from high-profile business leaders and political figures.

Strategy Inc. (formerly MicroStrategy) leads with 576,230–592,345 BTC, valued at over $60 billion, using BTC as a primary treasury asset. Mara Digital Holdings follows with 46,374–49,678 BTC, valued at $4.8 billion, through mining and direct purchases. Metaplanet (Japan) holds 11,111 BTC, valued at $1.15 billion, as part of a national strategic reserve model. Tesla holds 11,509 BTC, valued at $1.96 billion, as a treasury asset and supports crypto payments. Galaxy Digital holds 15,449 BTC, valued at $1.69 billion, as a long-term holding since 2013. Hut 8 Mining Corp. holds 10,237 BTC, valued at $1.43 billion, mined and held. Coinbase Global Inc. holds 6,885 BTC, valued at approximately $900 million, through strategic reserve purchases. Block Inc. (formerly Square) holds 8,485 BTC, valued at over $800 million, through dollar-cost averaging since 2020.

Private company holdings remain partially unverifiable due to the lack of reporting obligations. However, industry sources and historical data suggest that Block.one claims 140,000 BTC, valued at $14.2 billion, originated from EOS ICO. Tether Holdings claims 100,521 BTC, valued at over $10 billion, used as a reserve asset for stablecoin backing. Xapo Bank claims 38,931 BTC, valued at $3.44 billion, as an early adopter and custodian-based accumulation. Stone Ridge claims 10,889 BTC, valued at $1.1 billion, though not verified in 2025 reports. SpaceX claims 8,285 BTC, valued at $841 million, with a 2021 purchase confirmed but no updates since.

Several emerging companies have begun adopting Bitcoin as a reserve asset, inspired by favorable U.S. policy changes and global inflationary risks. These include Davis Commodities, SolarBank, River Financial, Worksport, and Mercurity Fintech. Though holdings remain undisclosed, public filings and announcements confirm their strategic interest in Bitcoin.

Satoshi Nakamoto remains the largest Bitcoin holder with approximately 1.1 million BTC, valued at over $100 billion. BlackRock holds 662,871 BTC, valued at $71.3 billion. Binance holds 611,520 BTC, valued at $65.8 billion. Fidelity holds 349,396 BTC, valued at $37.6 billion. Grayscale holds 233,591 BTC, valued at $25.1 billion. The US Government holds 198,012 BTC, valued at $21.3 billion. The China Government holds 194,000 BTC, valued at $20.8 billion. Bitfinex holds 149,720 BTC, valued at $16.1 billion. These entities collectively hold over 3 million BTC, reflecting long-term belief in Bitcoin as a sovereign and institutional asset.

The corporate accumulation of Bitcoin in 2025 marks a turning point in global finance. With public firms now holding more Bitcoin than the annual supply and private firms quietly amassing large reserves, Bitcoin is no longer a fringe asset—it’s a mainstream corporate treasury standard. While price volatility remains, the adoption curve indicates that strategic Bitcoin reserves are becoming the norm, not the exception. The trend is expected to continue as more companies—particularly in Asia, the Middle East, and North America—announce their Bitcoin treasury models.