Publicly traded companies now collectively hold more than 1 million BTC (1,000,632 BTC) worth around $110 billion, according to BTC Treasuries, underscoring the growing role of corporate adoption in the bitcoin market.

Strategy (MSTR) dominates the landscape with 636,505 BTC, accounting for about 63.6% of the total, while the top 10 companies combined hold 863,397 BTC, nearly 86%. Among other significant holders:

MARA Holdings (MARA, US) – 50,639 BTC
XXI (CEP, US) – 43,514 BTC
Bitcoin Standard Treasury (BSTR, US) – 30,021 BTC
Bullish (BLSH, US) – 24,000 BTC
Metaplanet Inc. (MTPLF, Japan) – 20,000 BTC
Riot Platforms (RIOT, US) – 19,239 BTC
Trump Media & Technology Group (DJT, US) – 15,000 BTC
CleanSpark (CLSK, US) – 12,703 BTC
Coinbase Global (COIN, US) – 11,776 BTC

The corporate accumulation trend began in earnest with Strategy in 2020, followed by Metaplanet in 2024, and appears to have hit a frenzied inflection point in 2025.

Things have cooled since, with bitcoin dominance easing to just above 58% and bitcoin retreating to below $110,000 after hitting a record high above $124,000.

Down another 2% on Thursday, Strategy is now lower by about 30% since hitting its 2025 peak in mid-July. Lower by another 8% today, Metaplanet has now shed about two-thirds of its value since its late-May high.

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