The cohort of publicly traded firms with holdings of at the very least 1,000 Bitcoin (BTC) has surged from 24 on the finish of the primary quarter to 35 as of July 25, representing an almost 50% improve.
Based on new figures launched by Chris Kuiper, vp of analysis at Constancy Digital Belongings, the expansion pushes the group’s mixed stash to virtually 900,000 BTC, edging it towards the symbolic 1 million BTC mark.
The chart reveals that after hitting a plateau in 2023, the variety of heavyweight company holders started to speed up late final 12 months and has continued to rise.
Distributed acquisitions
Kuiper argued that, along with the rise in firms, the sample of shopping for additionally confirmed a major change.
Within the first quarter, firms acquired just below 100,000 Bitcoins. One agency dominated that circulate, leaving different slices of the pie chart skinny.
By the second quarter, buying had climbed to greater than 154,000 BTC, representing a 35% improve from the earlier quarter. Extra importantly, the acquisitions had been shared throughout a far broader set of treasuries.
The second pie chart bristles with new slices, signalling that Bitcoin is not the protect of a handful of steadiness‑sheet pioneers.
Rising demand
Other than the Bitcoin acquisition by heavyweights, broad company adoption additionally elevated this 12 months.
Within the first six months of 2025, public firms absorbed 245,510 BTC, greater than double the 118,424 BTC created for spot trade‑traded funds over the identical stretch.
That haul is a 375 % leap from the 51,653 BTC corporates picked up within the comparable 2024 interval, whereas exchange-traded fund (ETF) demand plunged 56 % 12 months‑over‑12 months after final 12 months’s launch‑pushed burst.
Technique nonetheless led the pack with 135,600 BTC, representing practically 55% of the overall, however its share has declined from 72%, indicating that purchasing has broadened past a single bellwether.
Boards now buy roughly 2.1 BTC for each ETF coin minted, framing Bitcoin much less as a speculative punt and extra as working capital or a reserve asset.
