Quick Breakdown:
- Public companies holding Bitcoin surged 38% in Q3 2025, reaching a total of 172 firms.
- Combined corporate Bitcoin holdings climbed to $117 billion, crossing 1 million BTC in total.
- MicroStrategy leads with 640,250 BTC, maintaining its dominant position among corporate holders.
The number of publicly traded companies holding Bitcoin surged 38% between July and September, underscoring a powerful resurgence of institutional confidence in the flagship cryptocurrency.
According to Bitwise Asset Management’s Q3 Corporate Bitcoin Adoption Report, a total of 172 public firms now include Bitcoin in their treasuries — up from 124 in the previous quarter. The report highlights that 48 new corporate entrants joined the space in just three months, marking one of the strongest quarters for corporate Bitcoin adoption on record.
$117 billion in bitcoin held by corporates
Data from BitcoinTreasuries.NET estimates total corporate Bitcoin reserves at $117 billion, a 28% quarter-over-quarter increase. Collectively, these holdings represent over one million BTC, accounting for roughly 4.9% of Bitcoin’s circulating supply.
Bitwise CEO Hunter Horsley called the growth “absolutely remarkable,” noting that “institutions and individuals alike are increasingly turning to Bitcoin as a long-term store of value and inflation hedge.”
Leading the charge is MicroStrategy, helmed by Michael Saylor, which remains the undisputed corporate Bitcoin heavyweight. Following its latest acquisition on October 6, MicroStrategy now holds 640,250 BTC, far exceeding any other company.
Meanwhile, crypto mining giant MARA Holdings follows with 53,250 BTC, after bolstering its balance sheet earlier this week.
Corporate demand outpaces bitcoin supply
The report highlights a striking dynamic: corporate Bitcoin demand now exceeds new supply by nearly 2x. With miners producing around 900 BTC per day, companies are collectively acquiring approximately 1,755 BTC daily, according to data from financial services firm River.
In a related move, Bitwise has filed a Form S-1 with the U.S. SEC for the proposed Bitwise Hyperliquid ETF, which would directly hold HYPE tokens — the native asset used for trading and fee payments on the Hyperliquid decentralized exchange (DEX). The filing signals Bitwise’s intent to expand its footprint in the broader decentralized finance ecosystem.
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