Public Companies Push Bitcoin Holdings Past 5.2% Of Total Supply

The world’s largest public companies are intensifying their long-term commitment to Bitcoin, pushing their collective holdings to an unprecedented level.

According to newly published data, the top 100 public corporations holding Bitcoin now control 1,105,236 BTC, a figure representing 5.26% of Bitcoin’s total supply and 5.5% of the currently circulating supply. The scale of accumulation demonstrates how aggressively corporate institutions are moving to secure Bitcoin as a strategic reserve asset.

This rapid increase in Bitcoin exposure comes at a time when institutional confidence is rising, supply growth is slowing, and long-term holders are strengthening their positions. The trend has not only reshaped corporate treasury strategies but also amplified Bitcoin’s scarcity narrative.

Major Corporations Accelerate Accumulation

Among the top 100 companies holding Bitcoin, one entity stands far ahead of the rest. MicroStrategy, under the leadership of Michael Saylor, pioneered the public-company Bitcoin strategy in 2020 and continues to dominate the category. The firm currently holds 687,410 BTC, valued at more than $66 billion at today’s market price. Saylor’s unwavering conviction has influenced dozens of other companies to follow suit, setting the foundation for a new phase of corporate balance-sheet diversification.

Other major participants include Marathon Digital, Twenty One Capital, Metaplanet, and the Bitcoin Standard Treasury Company, which collectively hold 161,887 BTC. Their positions, while smaller than MicroStrategy’s enormous stash, add significant weight to the overall corporate footprint in Bitcoin.

Importantly, the figure of 1.105 million BTC accounts solely for the top 100 companies. BitcoinTreasuries data shows that all publicly listed corporations currently hold 1,107,841 BTC in total, reflecting the full scale of institutional adoption.

This level of concentrated corporate accumulation has far-reaching implications. With Bitcoin’s fixed supply capped at 21 million, more aggressive treasury strategies naturally reduce available liquidity. As more corporations adopt Bitcoin as a reserve asset, its long-term scarcity becomes more evident, amplifying upward pressure on price and making supply shocks increasingly likely.

Public Companies Outpace ETFs In Early 2025

One of the most striking findings in the latest data is the comparative growth between public company acquisitions and spot Bitcoin ETF flows. In the first half of 2025, public companies purchased $47.3 billion worth of Bitcoin, surpassing the $31.7 billion in net inflows recorded by U.S. Bitcoin ETFs during the same period.

Although ETFs regained momentum later in the year and ultimately overtook public companies on a full-year basis, the early lead demonstrates how aggressively corporations embraced Bitcoin ahead of traditional institutional products. This shift underscores a base-level trend: corporations are no longer waiting for ETFs or traditional financial intermediaries to lead the way, they are making direct, long-term strategic acquisitions.

Most of these public companies follow a long-term accumulation strategy, meaning they do not actively trade or cycle out of their Bitcoin holdings. As a result, over 5.5% of Bitcoin’s circulating supply remains effectively locked away, unavailable to traders and retail investors.

This structural lockup, combined with ETF accumulation and increasing retail demand, points to a tightening supply environment that could shape market dynamics for years to come.

On-Chain Indicators Show Whales Accumulating Strongly

On-chain analytics further reinforce the narrative of a tightening supply. According to data from Santiment, wallets categorized as whales and sharks, those holding between 10 BTC and 10,000 BTC, have accumulated an additional 32,693 BTC since January 10. This represents a 0.24% increase in their combined holdings.

These wallet classes are traditionally considered “smart money” due to their historical tendency to buy during periods of market uncertainty and accumulate heavily during early bull-market phases.

In sharp contrast, shrimp wallets, addresses holding less than 0.01 BTC, have collectively sold 149 BTC, a decrease of 0.30% in their aggregate holdings over the same period. This divergence between retail selling and whale accumulation suggests a classic early-cycle setup: large investors buy quietly while smaller holders sell prematurely due to short-term market hesitation.

Santiment interprets the current structure as a “Very Bullish” environment, noting that whale accumulation is steady and consistent. According to analysts, how long the setup remains favorable depends largely on how long retail investors remain skeptical of the developing rally.

Corporate Holdings Surge 260K BTC In Six Months

Further emphasizing the rapid pace of institutional expansion, new figures from Glassnode show a dramatic increase in corporate Bitcoin holdings over the past six months. According to the data, public and private companies have grown their combined Bitcoin treasuries from approximately 854,000 BTC to 1.11 million BTC, marking an increase of 260,000 BTC.

This translates to an average monthly increase of roughly 43,000 BTC, reflecting the most aggressive six-month accumulation phase ever recorded by corporate entities.

Glassnode notes that this sustained growth highlights a fundamental shift in how corporations view Bitcoin, not as a speculative asset, but as a strategic, long-term reserve instrument similar to gold or sovereign bonds. However, unlike traditional assets, Bitcoin’s fixed supply and predictable issuance schedule make it more sensitive to large-scale accumulation.

As more companies add Bitcoin to their holdings, the available supply on exchanges continues to shrink. With ETFs now holding 1,496,957 BTC, and corporate treasuries accelerating their acquisitions, an increasingly large percentage of Bitcoin’s liquid supply is moving into long-term storage.

Bitcoin’s Future Supply Tightens As Institutional Demand Rises

Taken together, the latest data paints a clear picture: institutional adoption is entering a new phase, driven by public companies, ETFs, whales, and high-value private entities. As corporate balance-sheet exposure grows, Bitcoin’s float diminishes, supply tightens, and scarcity strengthens.

With more than 1.1 million BTC held by public companies alone, and whales accumulating aggressively despite market uncertainty, Bitcoin’s supply is increasingly locked away in long-term storage.

The combination of shrinking liquid supply, long-term corporate conviction, and strong on-chain signals points toward a structurally bullish environment, one that continues to evolve as new institutional participants enter the market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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