FameEX Hot Topics | Public Firms Accumulate 1 Million Bitcoin, Controlling 5.1% of BTC Supply

Publicly listed companies have crossed a major milestone in Bitcoin adoption, with total holdings surpassing 1 million BTC. Data from BitcoinTreasuries.NET confirmed that as of this week, public firms collectively own 1,000,698 BTC, valued at over $111 billion. This achievement highlights the accelerating pace of corporate treasury adoption, with 184 companies now actively holding Bitcoin as part of their balance sheet strategies. What began with miners stockpiling block rewards has evolved into a global movement where major corporations are directly shaping supply dynamics.

Leading this charge is Michael Saylor’s Strategy, widely regarded as the pioneer of Bitcoin treasury investing. Since first adopting the asset in August 2020, the firm has amassed 636,505 BTC, by far the largest corporate stash. Marathon Digital Holdings (MARA) sits in second place with 52,477 BTC, following its August mining haul of 705 BTC. New challengers, however, are catching up quickly. Jack Mallers’ XXI has accumulated 43,514 BTC, while the Bitcoin Standard Treasury Company has built a reserve of 30,021 BTC. Other significant holders include Metaplanet with 20,000 BTC, and firms such as Riot Platforms, Trump Media & Technology Group, CleanSpark.

The surge in corporate accumulation has had immediate effects on market dynamics. Analysts attribute much of Bitcoin’s rally to an all-time high of $124,450 last month to what they call a “demand shock” driven by public companies and ETFs. With just 5.2% of Bitcoin’s 21 million capped supply yet to be mined, any sustained increase in demand could exacerbate future supply squeezes. Ambitious targets from Metaplanet and Semler Scientific—aiming to reach 210,000 BTC and 105,000 BTC by 2027—underline this growing trend.

Strategy’s role has been especially influential. Despite heavy criticism during the 2022 bear market—when miners liquidated nearly 60,000 BTC and the collapse of FTX pushed prices down to $15,740—Saylor refused to sell, declaring he would hold even if Bitcoin went to zero. That conviction has since inspired a new wave of adoption, with companies financing Bitcoin purchases through equity issuance, convertible debt, and SPAC structures to increase shareholder value measured in Bitcoin-per-share.

Corporate Bitcoin adoption is now a global phenomenon. Of the 184 companies holding BTC, 64 are based in the U.S., 34 in Canada, 11 spread across the UK and Hong Kong, with others located in markets like Mexico, South Africa, and Bahrain. Public companies now collectively own more Bitcoin than governments or private firms, though still less than the 1.62 million BTC held by exchanges and ETFs. This reshaping of ownership suggests that corporate treasuries will remain a key driver of Bitcoin’s supply and price dynamics in the years ahead.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.