Wall Street’s Newest Addiction: Corporations Gobble Up 100,000 BTC in April Alone
Bitcoin’s corporate custody spree hits ludicrous speed—nearly $6 billion worth of BTC absorbed by balance sheets this month. Guess those ’risk management’ seminars weren’t about diversification after all.
Who’s buying? Public companies, private whales, and even a few Fortune 500 stragglers finally admitting their FOMO. The 2024 halving supply crunch just got existential.
Meanwhile, gold ETFs bleed another $2.3 billion. Boomer asset managers still can’t decide if Bitcoin is a ’tulip’ or their next performance bonus.
Corporate Bitcoin Holdings (Source: Bitwise)
Data from Bitcoin Treasuries shows that Strategy (formerly MicroStrategy) contributed significantly to this surge, adding 25,370 BTC, which accounts for about 26.3% of the monthly total. Strategy is the largest public holder of Bitcoin with 553,555 BTC worth $52.64 billion.
Meanwhile, the trend of public companies acquiring BTC has intensified throughout the year. In January 2025, six new public firms added Bitcoin to their treasuries. Seven more joined in February, while March brought nine new additions.
By April, the number had jumped dramatically, with fifteen new companies integrating the flagship digital asset into their corporate reserves.
Andre Dragosch, Head of Research for Bitwise Europe, said the latest figures suggest that the corporate race for BTC is heating up faster than many expected.
He emphasized that more companies are competing to secure BTC for their balance sheets, highlighting a growing confidence among businesses about the top crypto’s role in the global economy.
