Corporate Bitcoin Whales Multiply: 50% Surge in Public Companies Holding 1,000+ BTC by 2025, Says Fidelity

Wall Street’s new status symbol? Stacking Satoshis.

Public companies are gobbling up Bitcoin like it’s a tax loophole—Fidelity reports a 50% jump in firms holding 1,000+ BTC since last year. Guess those boardroom PowerPoints finally convinced them ‘digital gold’ beats yacht shares.

Who needs dividends when you’ve got volatility porn?

Distributed acquisitions

Kuiper argued that, in addition to the increase in companies, the pattern of buying also showed a significant change.

In the first quarter, companies acquired just under 100,000 Bitcoins. One firm dominated that flow, leaving other slices of the pie chart thin. 

By the second quarter, purchasing had climbed to more than 154,000 BTC, representing a 35% increase from the previous quarter. More importantly, the acquisitions were shared across a far broader set of treasuries. 

The second pie chart bristles with new slices, signalling that bitcoin is no longer the preserve of a handful of balance‑sheet pioneers.

Rising demand

Aside from the Bitcoin acquisition by heavyweights, broad corporate adoption also increased this year.

In the first six months of 2025,, more than double the 118,424 BTC created for spot exchange‑traded funds over the same stretch. 

That haul is a 375 % leap from the 51,653 BTC corporates picked up in the comparable 2024 period, while exchange-traded fund (ETF) demand plunged 56 % year‑over‑year after last year’s launch‑driven burst. 

Strategy still led the pack with 135,600 BTC, representing nearly 55% of the total, but its share has declined from 72%, indicating that buying has broadened beyond a single bellwether. 

Boards now purchase roughly 2.1 BTC for every ETF coin minted, framing Bitcoin less as a speculative punt and more as working capital or a reserve asset.