Key Takeaways
- Corporations added a record 159,107 BTC to treasuries in Q2 2025.
- Strategy, led by Michael Saylor, remains the largest holder with 597,325 BTC.
- New entrants like Metaplanet and GameStop are rapidly accumulating bitcoin.
Corporate interest in bitcoin surged in the second quarter of 2025, with companies adding a record 159,107 BTC to their balance sheets.
At current prices, this represents over $17.6 billion in new bitcoin holdings.
The increase marks a 23% rise from the previous quarter, bringing total corporate bitcoin holdings to 847,000 BTC—about 4% of the capped 21 million supply, according to data from Bitwise Asset Management.
By the end of Q2, the total value of these holdings reached $91 billion, based on bitcoin’s closing price of $107,754, which was up nearly 61% from the prior quarter. Since quarter close, bitcoin has continued its rally, reaching new all-time highs above $112,000.
Public companies
The number of public companies holding bitcoin also increased sharply.
Forty-six new firms joined in Q2, bringing the total to 125, a 58% quarter-on-quarter jump.
Saylor’s strategy leads accumulation
Strategy, led by Michael Saylor, remains the largest corporate holder, with a bitcoin stash of 597,325 coins.
The company has aggressively raised capital through convertible notes and equity offerings to fund its bitcoin purchases.
This accumulation has fueled strong stock performance, with shares up 43% year-to-date, far outpacing the S&P 500’s 6.4% gain over the same period.
Bitcoin miner Marathon Digital (MARA) is the second-largest corporate holder, with 49,940 BTC.
New entrants such as Twenty One and Japan’s Metaplanet have also made significant moves, with Metaplanet now holding 13,350 BTC and dominating Tokyo’s trading volumes.
GameStop notably added 4,710 BTC to its balance sheet, while Trump Media filed to raise $2.5 billion for further bitcoin accumulation.
