Corporate interest in Bitcoin surges: Over 36 new public companies consider adopting cryptocurrency within the past 6 months, raising questions about whether the corporate crypto boom is just getting started.
In the ever-evolving world of finance, a significant shift is underway as more public companies embrace Bitcoin as a strategic treasury reserve. This trend, driven by various factors, has seen a surge in the number of companies holding Bitcoin, with over 278 entities globally now partaking in this digital gold rush.
The increased adoption of Bitcoin by public companies is primarily fueled by several key factors. Companies are seeking alternatives to traditional fiat currencies, viewing Bitcoin's fixed supply as an effective hedge against inflation risks. The legitimacy of Bitcoin as a strategic financial asset has been bolstered by regulatory support, most notably an executive order from President Trump in early 2025.
Moreover, Bitcoin is increasingly being seen not as a risk but as a long-term financial plan, signaling technological leadership and diversifying reserves beyond cash. This shift in corporate treasury strategy is further propelled by the broader acceptance supported by institutional adoption of spot ETFs and a wider distribution of Bitcoin purchases among public companies.
As of mid-2025, 35 publicly traded companies hold at least 1,000 Bitcoin each, marking a 46% surge from 24 companies at the start of the year. The U.S. leads the pack with 94 public companies holding Bitcoin, followed by Canada with 40 and the U.K. with 19. By the end of 2026, given the current growth trajectory and increased institutional interest, the number of public companies holding Bitcoin is expected to continue rising significantly, potentially surpassing several hundred companies.
One of the largest public stashes of Bitcoin belongs to MicroStrategy, which holds 597,325 BTC. Q2 2025 saw a record high of 159,107 BTC enter corporate treasuries, according to Bitwise Asset Management. This imbalance is expected to persist until at least the 2028 halving.
The Realized Cap of Bitcoin currently stands at $959 billion, implying a potential market cap of $2.58 trillion and a Bitcoin price of approximately $125,000. The Market Cap to Realized Cap Ratio (MVRV) during previous surges in Q1 and Q4 2024 peaked at around 2.7. Blockware offers three end-of-year scenarios for BTC pricing: Bear case ($110,000), Base case ($125,000), and Bull case ($150,000).
Bitcoin miners are thriving, with the hashprice, a measure of mining profitability, climbing roughly 23% year-over-year. At this rate, corporate demand could soon match the mining issuance in total, especially after the halving. Miners benefit from an environment where Bitcoin price appreciation outpaces difficulty adjustments, thanks in part to limited global infrastructure scaling.
In conclusion, the driving factors for this surge in Bitcoin adoption among public companies are macroeconomic pressures, legitimization through policy, diversification needs, and broad institutional momentum. The number of public companies holding sizable Bitcoin treasuries is rapidly increasing, with 35 large holders already confirmed by mid-2025 and a global total exceeding 278 entities, likely to grow further by the end of 2026.
- Amidst the ongoing evolution of finance, the increased volatility in traditional markets is driving companies to explore alternatives like crypto.
- The surge in Bitcoin adoption by public companies is a result of its fixed supply, considered an effective hedge against inflation risks.
- Regulatory support, such as President Trump's early 2025 executive order, has helped legitimize Bitcoin as a strategic financial asset.
- Instead of viewing Bitcoin as a risk, companies are starting to see it as a long-term financial plan, signaling technological leadership.
- The trend of companies holding Bitcoin has been encouraged by institutional adoption of spot ETFs and a wider distribution of Bitcoin purchases among public companies.
- As more public companies hodl Bitcoin, the yield for investors may increase due to the anticipated surge in the number of companies participating in this digital gold rush.
- With the increasing adoption of Bitcoin, crypto exchanges are expected to witness a significant increase in trading volume, especially after the halving in 2028.
