Public companies now hold over 1 million Bitcoin, marking a major milestone in corporate adoption of the digital asset as a reserve currency.
Key Takeaways:
- Public companies now hold over 1 million BTC, led by Strategy with 636,505 Bitcoin.
- Newcomers like XXI and Bitcoin Standard Treasury are quickly expanding their holdings.
- With only 5.2% of Bitcoin left to be mined, growing corporate demand may trigger a supply shock.
According to data from BitcoinTreasuries.NET, firms collectively own 1,000,698 BTC, valued at more than $111 billion at current prices.
The surge in corporate Bitcoin strategies has been led by Strategy, the company helmed by Michael Saylor, which began accumulating BTC in August 2020.
Strategy Tops Corporate Bitcoin Holdings with 636,505 BTC
Strategy now holds 636,505 BTC, making it the largest corporate holder by a wide margin.
Bitcoin mining firm MARA Holdings remains in second with 52,477 BTC, after adding 705 BTC in August.
But new entrants are gaining ground. XXI, founded by Strike CEO Jack Mallers, has amassed 43,514 BTC, while the Bitcoin Standard Treasury Company holds 30,021 BTC.
Other major players include crypto exchange Bullish (24,000 BTC), Metaplanet (20,000 BTC), and publicly listed names like Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase.
This wave of accumulation has fueled speculation around a supply shock. With just 5.2% of Bitcoin’s fixed 21 million supply left to be mined, continued corporate demand could drive prices even higher.
Bitcoin hit an all-time high of $124,450 last month, a move many attributed to ETF inflows and balance sheet buys.
Some firms are aiming much higher. Japan’s Metaplanet and U.S.-based Semler Scientific have set targets of 210,000 BTC and 105,000 BTC by 2027—ten to twenty times their current holdings.
BREAKING: Total #Bitcoin held by publicly traded companies globally just passed 1,000,000 BTC.
Nearly 5% of all the BTC that will ever bepic.twitter.com/LVGGYbGBfQ
— BitcoinTreasuries.NET (@BTCtreasuries) September 4, 2025
During the 2022 bear market, corporate Bitcoin strategies faced harsh criticism.
Strategy, which refused to sell, was called reckless by financial media, especially after the collapse of FTX and a price drop to $15,740. But the firm’s rebound appears to have inspired a new wave of adopters.
To finance their Bitcoin bets, firms have turned to convertible debt offerings, equity raises, and SPACs.
This includes XXI and the Bitcoin Standard Treasury Company, which launched with the sole aim of building Bitcoin treasuries and offering investors equity-linked exposure to BTC.
Global Bitcoin Treasuries Grow as 120 Public Firms Hold BTC Outside US
Outside the US, 120 public companies now hold Bitcoin. Canada, the UK, Hong Kong, Mexico, South Africa, and Bahrain are among the countries where corporate BTC ownership is growing.
Despite the rise in public company holdings, they trail behind crypto exchanges and ETFs, which collectively hold 1.62 million BTC.
Governments and private firms hold 526,363 BTC and 295,015 BTC, respectively, while another 242,866 BTC is locked in protocols.
The rest, around 16.2 million BTC, remains in individual hands, assuming the private keys haven’t been lost.
Meanwhile, skepticism around the sustainability of the Bitcoin treasury trend is growing.
In July, Glassnode lead analyst James Check raised concerns over the longevity of the corporate Bitcoin treasury strategy, arguing the easy gains might already be gone for new entrants as the market matures.
The warning echoes recent comments from Matthew Sigel, head of digital asset research at VanEck, who has voiced concerns over the Bitcoin treasury strategies adopted by some publicly traded firms.
The post Bitcoin Treasuries Top 1 Million BTC as Firms Boost Holdings appeared first on Cryptonews.
