FameEX Hot Topics | Public Companies Now Hold 1 Million Bitcoin, Representing 5.1% of Total Supply

Public companies’ Bitcoin holdings have surpassed 1 million BTC, marking a historic milestone in corporate adoption of the cryptocurrency. According to BitcoinTreasuries.NET, listed firms now hold 1,000,698 BTC, valued at over $111 billion. This surge in treasury accumulation underscores the growing acceptance of Bitcoin as a balance sheet asset, with 184 public companies now confirmed holders. The move represents a sharp shift from early days when miners were the primary accumulators, to today, where large corporates and financial institutions drive demand.

Leading the pack by a wide margin is Michael Saylor’s Strategy, which pioneered Bitcoin treasury allocation in August 2020. The company now holds 636,505 BTC, cementing its dominance in corporate adoption. Marathon Digital (MARA Holdings) ranks second with 52,477 BTC, followed by newer entrants such as Jack Mallers’ XXI with 43,514 BTC and the Bitcoin Standard Treasury Company at 30,021 BTC. Other notable players include Metaplanet (20,000 BTC), and major firms like Riot Platforms, Trump Media & Technology Group, CleanSpark, all of which round out the top 10 holders.

The accelerated pace of corporate and ETF-driven Bitcoin buying has introduced a demand shock this cycle, widely regarded as a key factor behind Bitcoin’s record-breaking rally to $124,450 last month. Analysts warn that with just 5.2% of Bitcoin’s fixed supply yet to be mined, further adoption could trigger significant supply-side pressures in the years ahead. Companies such as Metaplanet and Semler Scientific have announced ambitious targets of 210,000 BTC and 105,000 BTC, respectively, by 2027—more than 10 and 20 times their current reserves.

Saylor’s Strategy, often criticized for its “wild experiment,” endured the 2022 bear market when miners offloaded nearly 60,000 BTC amid collapsing prices and the fallout of FTX’s implosion. Unlike many peers, the company maintained its position, with Saylor vowing to hold Bitcoin even to zero. Its resilience is credited with inspiring a second wave of adoption, as firms such as Metaplanet and Semler Scientific embraced Bitcoin to rejuvenate otherwise stagnant business models, often financing purchases through equity sales, debt offerings, or SPAC structures.

Today, corporate adoption spans globally, with 64 companies based in the U.S., 34 in Canada, 11 in the UK and Hong Kong, and others spread across Mexico, South Africa, and Bahrain. Still, public companies’ 1 million BTC remain behind the 1.62 million BTC held by crypto exchanges and ETFs. Governments collectively hold 526,363 BTC, private companies own 295,015 BTC, and crypto protocols lock in 242,866 BTC. The rest—about 16.2 million BTC—remains with individuals, underscoring how institutional adoption is rapidly reshaping Bitcoin’s ownership landscape.

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