The year 2025 has seen the rise of Bitcoin treasury firms, with more and more businesses turning to BTC as a strategic reserve asset. According to new data from CryptoQuant, the total value of corporate holdings has surpassed $92.77 billion, equivalent to 848,902.2 BTC, marking a major milestone for Bitcoin's popularity in corporate finance.
Top 51 Companies 9 of which hold more than 10,000 BTC
There are currently 51 publicly listed companies that have integrated Bitcoin into their balance sheets. However, the distribution of BTC remains highly concentrated, with only 9 companies owning more than 10,000 BTC, showing the absolute dominance of the big players.
MicroStrategy (MSTR) continues to hold the top spot, with 597,325 BTC, representing nearly 70% of all Bitcoin held by companies. The company’s steady, consistent accumulation strategy has become a model for other institutions considering Bitcoin as part of their long-term financial reserve strategy.
Rising Newcomers: Twenty One & Metaplanet
Notably, two post-2023 startups Twenty One and Metaplanet (Japan) have quickly risen to the top, holding 37,230 BTC and 12,897 BTC, respectively. Metaplanet has made 21 consecutive purchases in the first half of 2025 alone, demonstrating its strong belief and systematic accumulation strategy.
The rapid rise of these companies not only reinforces the new corporate finance trend, but also shows the growing global appeal of Bitcoin as a “digital gold”.
Shares of BTC Treasury Companies Reflect Bitcoin Price
According to market analysis, the stock prices of companies with large Bitcoin holdings, especially MicroStrategy, Metaplanet, and Twenty One, show a clear positive correlation with BTC prices.
This creates a new hybrid asset class: stocks representing Bitcoin that allow traditional investors to access BTC indirectly through the stock market, instead of having to store it themselves or buy it directly on a cryptocurrency exchange.
Why is this strategic?
The increase in Bitcoin holdings by public companies is not only a sign of confidence, but also a sign that Bitcoin is getting closer to being recognized as a strategic asset, similar to gold.
Corporate BTC accumulation is reshaping capital management, treasury reserves, and financial hedging strategies in an uncertain global economic environment.
The combination of blockchain technology's power and the need for non-governmental assets is ushering in the next wave of institutionalization of the cryptocurrency market.
Conclusion: Bitcoin is no longer a fringe option
As more and more large corporations place their trust in Bitcoin as an integral part of their financial architecture, investors cannot ignore this trend. Bitcoin treasuries are no longer an experiment, they are becoming the new standard for value preservation and long-term investment strategies.