Public companies significantly boosted their Bitcoin holdings in Q1 2025, according to a new report from Bitwise. Institutions acquired 95,431 BTC, valued at around $8.2 billion, between January and March.
By March 31, 79 firms controlled 688,000 BTC, worth approximately $57 billion. This represents a 16.1% increase compared to the same period last year. Clearly, institutional Bitcoin accumulation continues to grow.
Which Companies Are Leading the Way?
Three major firms drove most of this growth:
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MicroStrategy (Strategy)
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MARA Holdings
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Riot Platforms
Together, they accounted for 86% of all corporate BTC purchases during Q1. In fact, Strategy alone holds 80% of all corporate Bitcoin holdings today.
Price Drop Despite Strong Demand
Although institutions bought more Bitcoin, its price declined by 13% in Q1. This unexpected move raised questions in the crypto community.
Mati Greenspan, head of Quantum Economics, believes there’s a simple reason:
“Institutional buying no longer guarantees price growth,” he said. “Market dynamics have changed.”
Therefore, the link between demand and price is not as strong as it once was.
More Firms Are Joining the Trend
While only 12 new companies started buying BTC in Q1, this still shows a growing trend. If momentum continues, corporate Bitcoin holdings could reach 1 million BTC before this market cycle ends.
Moreover, this shift signals a deeper change in how companies view crypto.
Crypto Infrastructure Is Coming Together
Tiago Rudiger, director at Tanssi Foundation, described the shift in broader terms:
“Corporations are collecting Bitcoin. Governments are launching digital zones. Developers are linking these systems. We’re building the rails of a new financial world.”
His words highlight the growing synergy between enterprise, government, and blockchain developers.
