Public Companies Embrace Bitcoin With Over 688K BTC Holdings, Setting New Records
Bitcoin adoption among public companies has surged to unprecedented levels, as revealed in the latest report from Bitwise. In the first quarter of 2025, publicly traded firms collectively hold an impressive 688,000 BTC, marking a significant 16.11% increase from the previous quarter. This accumulation now represents 3.28% of Bitcoin’s fixed supply of 21 million.
The total value of this corporate Bitcoin treasure trove stands at a remarkable $57 billion, calculated at a Bitcoin price of $82,445. This reflects a 2.15% increase in value compared to the previous quarter. The number of public companies now holding Bitcoin on their balance sheets has also grown to 79, marking a notable 17.91% quarterly rise, with 12 new companies joining the list.
Bitwise attributes this surge in adoption to key developments, particularly the Financial Accounting Standards Board (FASB) rule allowing companies to report Bitcoin at fair market value. This accounting change has removed a significant barrier for CFOs and boards, making it easier for more companies to adopt BTC as a reserve asset.
Leading the pack is MicroStrategy, now known as Strategy, which acquired $7.7 billion worth of Bitcoin in Q1, boosting its total holdings to 531,644 BTC following an additional purchase of 3,459 BTC worth $285.8 million earlier in the week.
Other prominent holders of Bitcoin include MARA Holdings (47,531 BTC), Riot Platforms (19,223 BTC), CleanSpark (11,869 BTC), and Tesla (11,509 BTC).
Japanese company Metaplanet has announced plans to acquire 10,000 BTC by the end of 2025, while Semler Scientific has added over 1,100 BTC to its balance sheet and recently filed to raise $500 million for further purchases. Chairman Eric Semler expressed his enthusiasm, stating, “We have reached a settlement in principle, EXCITED TO BUY MORE BTC!”
Meanwhile, GameStop is holding $1.5 billion in newly raised funds under the project name Project Rocket, earmarked for Bitcoin investments in addition to its existing $4.75 billion cash reserves. Although the funds have not yet been deployed, their involvement could further drive corporate demand in the upcoming quarters.
With a staggering 95,431 BTC purchased in Q1 alone, the report indicates that this momentum is only gaining strength.