Corporate Bitcoin Holdings Surge to 688,000 BTC

Corporate interest in Bitcoin has surged in early 2025, with companies collectively holding around 688,000 BTC, according to Bitwise.
This marks a 16% increase from the previous quarter and now accounts for over 3% of Bitcoin’s fixed supply. The total value of these holdings reached $57 billion by the end of March.
Bitwise noted a notable uptick in adoption, with 12 more publicly traded firms adding Bitcoin to their balance sheets in Q1. MicroStrategy continues to dominate the list, expanding its already massive stash with a fresh $285 million purchase, bringing its total to over 531,000 BTC—more than any other public company by far.
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Among the newer entrants, GameStop made waves by adopting Bitcoin as a reserve asset in late March, reportedly using a debt-financing strategy similar to MicroStrategy’s to make a $1.3 billion acquisition. Meanwhile, Japan’s Metaplanet revealed plans to accumulate up to 10,000 BTC by year-end, signaling another bold move into crypto reserves.
The recent momentum is partly attributed to new accounting rules from the Financial Accounting Standards Board (FASB), which now allow corporations to report Bitcoin at fair market value, making it a more appealing asset to hold on the books.
Bitwise CEO Hunter Horsley summed up the trend simply: “People want Bitcoin—corporations do too.” Over 95,000 BTC was added to company treasuries in just the first three months of 2025, and signs suggest this trend is just getting started.