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Despite a notable price dip at the close of 2025, corporations have significantly expanded their Bitcoin holdings, pushing collective reserves to an impressive 1.13 million BTC. This accumulation, largely driven by strategies like Michael Saylor's, occurred even as Bitcoin underperformed traditional assets such as gold and silver.
Key Takeaways
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Corporate Bitcoin treasuries reached 1.13 million BTC in 2025.
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Holdings grew despite a 6.4% price decrease for Bitcoin in the same year.
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Companies are exploring alternative capital-raising methods like preferred stocks.
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Corporate holdings now represent 5.1% of the total Bitcoin supply.
Corporate Accumulation Strategy
According to data from Bitcoin For Corporations (BFC), corporate treasury firms continued to scale their Bitcoin holdings throughout 2025. While major buying activity slowed as the market experienced a deepening correction, these firms largely held onto their existing assets, leading to a steady increase in overall reserves. The report indicates that capital raising for Bitcoin acquisitions has shifted towards instruments like preferred stocks and "digital credit" offerings, which provide variable interest rates. For instance, Strategy has deployed preferred stocks that have outperformed its convertible debt offerings, thereby mitigating bankruptcy risk. Other companies like Metaplanet and Strive have also adopted similar capital-raising tactics.
Significant Share of Total Supply
These accumulating corporate treasuries now account for approximately 5.1% of the total Bitcoin supply, according to Bitbo data. MicroStrategy, under Michael Saylor's leadership, remains the largest corporate holder, representing two-thirds of these holdings with 709,715 BTC, or about 3.3% of the total supply. In comparison, Bitcoin ETFs currently control a larger share, holding 7.1% or nearly 1.5 million BTC as of early 2026, highlighting their dominant role in institutional Bitcoin demand.
Market Sensitivity and Demand Dynamics
The combined demand from both corporate treasuries and ETFs is closely monitored through metrics like the 30-day average Apparent Demand Growth (ADG). This metric has shown negative trends since December, suggesting that potential sell-offs from ETFs could still exert downward pressure on the market, even as corporate buying continues. Selling pressure from long-term Bitcoin holders has also eased, but the negative ADG indicates that steady ETF demand has yet to regain significant momentum. Historically, periods of positive ADG, such as the Q2 2025 bull run where Bitcoin surged from $74,000 to over $120,000, have coincided with strong price appreciation. The current negative ADG suggests that Bitcoin's price may remain subdued below the $100,000 mark until overall demand experiences a substantial improvement.
Sources
This article was created with support from AI-driven technology, drawing on multiple reputable sources. The final content has been thoroughly reviewed and edited by BlockzHub's editorial team to ensure accuracy, clarity, and coherence. Original reporting sources are credited whenever appropriate and as required. The opinions expressed in this article do not necessarily represent the official views or positions of BlockzHub. This article is intended for informational purposes only and should not be considered financial or professional advice. Investing involves risk, and you should consult a qualified financial advisor before making any investment decisions.