Bitcoin’s Corporate Treasury Dominance Wanes as Altcoins Gain Traction in 2025
- How Is the Corporate Bitcoin Treasury Landscape Changing in 2025?
- Why Are Corporations Diversifying Into Altcoins?
- What Long-Term Trends Are Emerging in Crypto Treasuries?
- FAQ: Corporate Crypto Treasury Trends 2025
The landscape of corporate crypto treasuries is undergoing a seismic shift in 2025, with Bitcoin's long-held supremacy gradually giving way to major altcoins like ethereum and Solana. While Michael Saylor's MicroStrategy continues to lead Bitcoin holdings, its market share has slipped from 75% to 60% this year as new players enter the space and diversify their portfolios. October saw the slowest monthly Bitcoin accumulation of 2025, with corporations adding just 14,447 BTC, while altcoin treasuries surged - Ethereum now represents 15% of corporate crypto holdings compared to just 2.5% in April. This transformation reflects maturing treasury strategies that increasingly incorporate staking rewards and on-chain yield opportunities.
How Is the Corporate Bitcoin Treasury Landscape Changing in 2025?
The corporate bitcoin holding ecosystem has become significantly more competitive and diversified throughout 2025. While MicroStrategy remains the undisputed leader with 640,808 BTC as of October 31st, its dominance has eroded from 75% earlier in the year to 60% currently. According to BitcoinTreasuries.NET, this shift comes as the number of corporate Bitcoin holders has more than doubled since January, reaching 353 entities by October's end - including 276 public and private companies.
October's accumulation patterns revealed several key trends:
- Metaplanet emerged as the month's top buyer, adding 5,268 BTC to reach 30,823 BTC total
- Coinbase purchased 2,772 BTC in Q3, bringing its treasury to 14,548 BTC
- The U.S. leads with 123 corporate holders, followed by Canada (43) and the UK (22)
Why Are Corporations Diversifying Into Altcoins?
The most striking development in 2025 has been corporations' rapid adoption of major altcoins, particularly Ethereum and Solana. Bitcoin's share of corporate crypto holdings has dropped from 94% in April to about 82% by October, while Ethereum surged to 15% and Solana captured 2-3%.
This diversification is driven by several factors:
- Staking rewards providing passive income streams
- On-chain yield opportunities beyond simple price appreciation
- Maturing infrastructure for institutional crypto management
Bitmine leads corporate ETH holdings with 3,505,723 ETH (nearly 3% of total supply), followed by SharpLink Gaming (859,400 ETH) and others. SharpLink made waves in October by moving $200 million worth of ETH to Consensys' Linea network to capture better on-chain yields - a strategy we're likely to see more corporations emulate.
What Long-Term Trends Are Emerging in Crypto Treasuries?
Fidelity Digital Assets reports that corporate Bitcoin holdings are becoming increasingly illiquid, with about 8.3 million BTC (42% of circulating supply) expected to be locked in long-term holdings by 2032. This reflects growing corporate confidence in crypto as a treasury asset rather than a speculative play.
Other notable trends include:
- More regional diversification beyond early adopter markets
- Increased share buyback programs among crypto-exposed firms
- Strategic shifts toward proof-of-stake assets for staking income
- Integration of crypto into broader treasury management strategies
As one BTCC analyst noted, "We're seeing corporations treat crypto less like a moonshot and more like a standard component of modern treasury management - complete with yield optimization strategies that would make any CFO proud."
FAQ: Corporate Crypto Treasury Trends 2025
How much Bitcoin does MicroStrategy currently hold?
As of October 31, 2025, MicroStrategy holds 640,808 BTC, representing about 60% of all corporate Bitcoin holdings.
Which altcoins are corporations buying besides Ethereum?
Solana (SOL) has emerged as the second most popular altcoin for corporate treasuries, currently representing 2-3% of holdings. Other proof-of-stake assets are gaining attention for their staking rewards.
What percentage of corporate crypto is now in altcoins?
Altcoins have grown from 6% of corporate crypto holdings in April 2025 to about 18% by October, with Ethereum accounting for 15% and solana 2-3%.
Are corporations actively trading their crypto holdings?
Data suggests most corporations are taking a long-term approach, with Fidelity estimating 42% of Bitcoin supply could become illiquid by 2032 as companies hold rather than trade.
