Corporate Bitcoin Treasuries Smash 1 Million BTC Milestone as Holdings Surge
Institutions just crossed the seven-figure Bitcoin threshold—and they're not slowing down.
The Corporate Gold Rush
Forget treasury bonds. Companies worldwide now hold over 1,000,000 BTC collectively, making corporate balance sheets the largest non-exchange crypto vaults on Earth. MicroStrategy’s relentless accumulation strategy sparked the trend, but recent quarters show Fortune 500 companies and offshore funds quietly building positions that dwarf early adopters.
Why They’re Stacking Sats
Hedge against quantitative easing? Check. Portfolio diversification away from traditional equities? Double-check. The move signals growing institutional conviction that digital scarcity trumps monetary inflation—even if traditional finance desks still call it ‘speculative.’
Market Impact & The Liquidity Squeeze
This monumental withdrawal of coins from circulating supply creates a structural bullish setup. With ETFs hoovering up daily issuance and corporations locking away coins for years, available liquidity shrinks faster than a trader’s patience during a 20% pullback.
Wall Street’s Ironic FOMO
The same firms that once dismissed Bitcoin as ‘rat poison’ now face client demands for exposure. Nothing brings out institutional conviction like fearing they’ll miss the next asset class that actually performs—unlike their carefully crafted financial products that somehow always profit the house first.
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 be
pic.twitter.com/LVGGYbGBfQ
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.
