Publicly traded firms now collectively hold 917,114 BTC, representing more than 4% of Bitcoin’s total supply. This marks a historic milestone in institutional adoption of digital assets.
The movement was largely ignited by Michael Saylor, chairman of Strategy Inc. (formerly MicroStrategy), whose bold and sustained Bitcoin accumulation strategy has transformed his firm into a de facto Bitcoin treasury. Strategy alone holds over 601,000 BTC, valued at more than $71 billion, acquired through a mix of stock offerings and convertible debt.
Corporate Demand Accelerates
More than 130 public companies currently list Bitcoin on their balance sheets. Among the most notable:
- Tesla: ~11,500 BTC
- Block (formerly Square): ~8,300 BTC
- Coinbase, Marathon, Galaxy Digital, and Riot also maintain significant holdings.
This wave of adoption reflects a shift in how corporations view Bitcoin not just as a speculative asset, but as a strategic reserve in response to concerns over inflation, debt, and fiat currency risks.
Market Impact and Risks
The institutional buying spree has contributed significantly to Bitcoin’s recent price surge, with the asset trading above $120,000 in July. At the same time, analysts warn that excessive exposure to crypto volatility and leverage especially in firms like Strategy could pose future balance sheet risks if the market turns bearish.
Still, the trend shows no sign of slowing, with more firms reportedly preparing to add BTC to their portfolios as regulation around corporate crypto holdings becomes clearer.
Sources: Financial Times, Investopedia, CoinDesk, Fortune
