Michael Saylor’s Strategy leads the charge as corporate Bitcoin adoption accelerates
Publicly traded companies have crossed a historic milestone in Bitcoin accumulation, now holding more than 1 million BTC, equal to roughly 5.1% of the cryptocurrency’s fixed supply. According to data from BitcoinTreasuries.net, corporate holdings have reached 1,000,698 BTC, valued at more than $111 billion at current prices.
Leading the pack is Michael Saylor’s Strategy, which continues to dominate corporate Bitcoin treasuries with 636,505 BTC. Since adopting its Bitcoin-first strategy in 2020, the firm has become the largest institutional holder by a wide margin.
Close behind, MARA Holdings has accumulated 52,477 BTC, with new entrants like Jack Mallers’ XXI and the Bitcoin Standard Treasury Company building positions of 43,514 BTC and 30,021 BTC, respectively. Other significant holders include Bullish (24,000 BTC), Metaplanet (20,000 BTC), and long-standing mining firms such as Riot Platforms and CleanSpark.
“The growing list of public companies integrating Bitcoin into their treasuries shows how corporate balance sheet strategies are evolving in response to monetary policy and investor demand,” said a Tokyo-based digital asset analyst.
Demand shock drives prices
The surge in corporate Bitcoin adoption has coincided with one of the most aggressive price rallies in history. Bitcoin reached an all-time high of $124,450 last month, a move analysts attribute to the combined buying pressure from public companies and spot Bitcoin ETFs.
With just 5.2% of Bitcoin’s total supply yet to be mined, observers warn that continued institutional adoption could create a supply-side shock, tightening availability for retail investors.
From skepticism to conviction
During the 2022 bear market, many firms abandoned their Bitcoin strategies, but Strategy stood firm, even as critics questioned its approach. That conviction appears to have paved the way for a new wave of adoption. Both Metaplanet and Semler Scientific have since announced plans to expand their holdings dramatically, targeting 210,000 BTC and 105,000 BTC by 2027.
“What looked like a gamble in 2022 has turned into a competitive advantage,” noted a European fund manager.
Global adoption broadens
Of the 184 listed companies holding Bitcoin, 64 are based in the US, with others spread across Canada, the UK, Hong Kong, Mexico, South Africa, and Bahrain.
While public companies now command a significant share, exchanges and ETF issuers still lead with 1.62 million BTC, reinforcing the narrative that institutional players are cementing Bitcoin’s role as a core asset class.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.