Despite Bitcoin's bearish market conditions, with prices down over 20% from recent all-time highs, institutional and corporate accumulation continues to grow significantly. Data from market analyst CryptoQuant reveals that as of November 30, 2025, the top 100 public companies now hold 1,058,743 BTC, up from 1,000,019 BTC recorded on September 4, 2025.
Leading corporate holders include Strategy (formerly MicroStrategy) with 649,870 BTC worth approximately $48.3 billion, Tesla holding 11,509.3 BTC, and Metaplanet with 30,823 BTC. Other notable entities are Marathon Holdings Inc. (50,639 BTC) and Twenty-One Capital (43,514 BTC), highlighting a broad trend of balance sheet adoption.
In a parallel development, J.P. Morgan has built a substantial Bitcoin exposure through BlackRock's iShares Bitcoin Trust (IBIT), investing over $300 million, including $332.8 million in direct shares and additional options. This underscores institutional interest beyond crypto-native firms.
On-chain metrics from platforms like Coinbase show whale-sized orders (between $10,000 and $1 million) have been steady net buyers during recent price dips, absorbing supply while retail sentiment remains flat. This persistent accumulation indicates strong long-term confidence in Bitcoin's value amid short-term volatility.
Bitcoin is currently trading at $91,450.40, having declined 17.1% over the past month and 5.0% year-to-date. Analysts expect continued corporate entry into the market to drive upward price pressure as institutional holdings expand.
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