Bitcoin is no longer just an experiment for enthusiasts or retail investors. It has gone corporate.

As of mid-2025, more than 35 publicly traded companies hold at least 1,000 bitcoin (BTC) on their balance sheets. This is a big deal. Corporate bitcoin treasuries are increasing as companies look to manage their financial reserves and embrace bitcoin as part of their long-term strategy.

According to Fidelity Digital Assets, this number is up from 24 companies at the end of Q1 2025, so it’s not just a few big buyers.

“Bitcoin purchases became more widely distributed across public companies rather than concentrated among a few large buyers,” said Chris Kuiper, Fidelity’s VP of research.

A graph of public companies holding 1,000 BTC or more

This growth could in part be triggered by an executive order from President Trump in early 2025 that gave legitimacy to bitcoin as a strategic financial asset. Many firms are rethinking how they manage their treasury funds.

“Not only did the total purchases increase from Q1 to Q2 of 2025 […], but there are a lot more companies doing the buying,” Kuiper said.

For many companies, bitcoin is a hedge against inflation, a diversification from traditional fiat currencies, and a way to signal technological leadership.

With inflation fears still high and President Trump pushing for rate cuts, bitcoin’s fixed supply is becoming more attractive to companies looking for alternatives to cash.

It is becoming an institutional asset. Its low correlation with other investments helps companies reduce risk.

Leading the way are companies like Strategy, Marathon Digital and even GameStop, which recently announced the use of convertible debt to fund bitcoin purchases.

Bitcoin treasuries are becoming a popular strategy as companies look for ways to increase their BTC holdings without impacting operations.

Unlike retail traders or even traditional institutional investors, corporate treasuries are becoming long-term holders of bitcoin. They are not entities looking to flip their holdings for quick profits. They are treating bitcoin like digital gold — an asset to hold for years, not weeks.

Jeff Park, Head of Alpha Strategies at Bitwise, calls this a big deal. He says there is a “wall of money” coming from corporate treasury departments. Park thinks bitcoin could hit $200,000 as more companies put capital to work.

He estimates that more than $15 billion in corporate bitcoin purchases are planned in the near future, more than all bitcoin ETF inflows in early 2024 combined.

Along with spot buying, the bitcoin derivatives market is also hot. Open interest in bitcoin futures recently hit $45 billion, just shy of the all-time high—that’s a lot of institutional interest.

The CME, a regulated exchange favored by traditional institutions, now has $16.5 billion in open interest, more than some digital-asset-native exchanges like Binance. That’s traditional finance getting comfortable with bitcoin.

The corporate adoption of bitcoin treasuries comes as companies are no longer viewing BTC as a risk but as a part of their financial plan. According to BitcoinTreasuries, 160 public companies now hold bitcoin. The U.S. has 53 firms, Canada has 32 and the UK has 10.

Graph of entities holding bitcoin — BitcoinTreasuries

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Filed under: Altcoins - @ July 26, 2025 11:27 am