According to a Q3 Corporate Bitcoin Adoption report from crypto asset manager Bitwise, the number of public companies holding Bitcoin (BTC) increased by 38% between July and September 2025, with 48 new entities entering the space. This brings the total to 172 companies now holding Bitcoin, a clear sign that large players are doubling down, not backing away from the digital asset.
The total value of corporate Bitcoin holdings rose to $117 billion, up over 28% quarter-over-quarter, while the number of coins held surpassed one million, representing 4.87% of Bitcoin's total supply. Bitwise CEO Hunter Horsley described the figures as absolutely remarkable, emphasizing that People want to own Bitcoin. Companies do too.
MicroStrategy remains the largest corporate holder with 640,250 BTC, following a recent purchase on October 6, while crypto miner MARA Holdings is the second-largest with 53,250 BTC. Analysts, including Rachael Lucas from BTC Markets, noted that this accumulation reflects deepening institutional adoption, with corporations making long-term treasury decisions rather than chasing short-term gains.
Lucas highlighted that corporations often buy Bitcoin over-the-counter to avoid market volatility, but the growing demand—businesses acquire an average of 1,755 BTC daily in 2025, compared to roughly 900 BTC mined daily—could create a supply-demand imbalance. Edward Carroll of MHC Digital Group expects this to exert upward price pressure in the medium to long term, potentially decoupling Bitcoin from risk sentiment correlations.
Additionally, U.S. spot Bitcoin ETFs saw $2.71 billion in weekly inflows, further driving institutional interest and market maturity. Lucas concluded that this trend legitimizes crypto as a mainstream asset class, paving the way for financial innovations like Bitcoin-backed loans and derivatives.
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