Corporations hold $57 billion in Bitcoin

Publicly traded companies have significantly increased their Bitcoin (CRYPTO:BTC) holdings in the first quarter of 2025, with total holdings reaching 688,000 BTC, valued at approximately $57 billion.

This represents a 16.1% increase from the previous quarter, according to Bitwise data.

The surge in corporate Bitcoin adoption was driven by 12 new public companies purchasing Bitcoin for the first time in Q1.

Notable first-time buyers include Hong Kong's Ming Shing, which acquired 833 BTC, and Rumble, a YouTube alternative, which bought 188 BTC.

Metaplanet, a Japanese investment firm, also expanded its Bitcoin holdings by purchasing an additional 319 BTC, bringing its total to 4,525 BTC.

This move positions Metaplanet among the top public companies holding Bitcoin globally.

The growth in corporate Bitcoin holdings reflects increasing institutional confidence in the cryptocurrency.

Factors contributing to this trend include regulatory clarity and the adoption of new accounting rules, such as the FASB rule allowing companies to report Bitcoin at fair market value.

Strategy remains the largest corporate Bitcoin holder, with over 531,000 BTC, following its recent $285 million purchase.

GameStop also made headlines by adopting Bitcoin as a treasury reserve asset, using a debt-for-Bitcoin strategy similar to Strategy's.

At the time of reporting, the Bitcoin price was $85,273.35.