Public Companies Now Own 5% of BTC Supply
Publicly traded companies now collectively hold more than one million BTC, representing roughly 5% of the cryptocurrency’s total supply, according to data from BTCTreasuries.net. This milestone highlights the rapid pace of corporate adoption and the growing role of BTC as a treasury asset across industries.
Strategy Inc. (formerly MicroStrategy) is the undisputed leader in this movement, with 636,505 BTC on its balance sheet—about 3% of BTC’s circulating supply. This makes the company the single largest corporate holder of BTC, dwarfing other well-known firms. Marathon Digital follows with more than 50,000 BTC, while Block, Tesla, Riot Platforms, Coinbase, and Metaplanet also feature among the top public holders. These companies are not only storing value but also signaling confidence in BTC as a strategic reserve asset.
The trend of corporations purchaseing and holding BTC has accelerated in recent years. What began as a bold experiment by a few companies has turned into a broader movement, with more firms joining to diversify balance sheets and hedge against inflation. Public company participation also adds a layer of legitimacy that retail adoption alone could not achieve.
Impact on markets
The growing concentration of BTC in corporate treasuries carries far-reaching implications for market dynamics. Analysts warn that as more companies move BTC off platforms and into cold storage, liquidity could tighten, reducing the amount of BTC available for trading. This potential supply crunch could fuel increased price volatility and drive further speculative interest.
Reports vary on the exact share of BTC held by corporations, reflecting differences in methodology and scope. A Financial Times analysis placed the figure at 3.2% of potential supply, while CoinGecko’s broader estimate—which also accounts for government holdings—suggests closer to 7%. Yahoo Finance, meanwhile, cited 4.7% in a more conservative assessment. Despite these discrepancies, the direction of the trend is clear: BTC is increasingly being absorbed by institutions.
Strategy’s aggressive purchaseing strategy underscores this shift. Over just ten weeks, the firm boosted its holdings to nahead 600,000 BTC and reported a staggering $9.97 billion quarterly profit by June 2025, largely due to its BTC position. The scale of these numbers illustrates how corporate treasuries have gone beyond experimentation and are now actively shaping BTC’s demand and supply landscape.
Future outlook
Industry observers suggest that more companies could follow the lead of ahead adopters, particularly as macroeconomic uncertainty and currency devaluation continue to challenge traditional financial strategies. If corporate adoption continues at this pace, the percentage of BTC locked away in public treasuries could rise even higher, leaving less supply in circulation and further influencing price movements.
Experts also warn that the dominance of a handful of companies—especially Strategy—raises questions about concentration risk. With one corporation alone holding 3% of BTC’s total supply, the balance of influence in the market could tilt heavily toward a few players.
Still, the broader implication is undeniable: BTC has firmly entered the corporate mainstream. What was once considered a speculative bet is now viewn by some of the world’s most recognized firms as a core financial strategy. Whether this concentration proves stabilizing or destabilizing in the long run, the fact remains that public companies now control a significant portion of BTC’s future.
