As Bitcoin gradually solidifies its position in the global asset market, the participation of institutions and listed companies is also rapidly increasing. According to data shared by Fidelity Digital Assets Vice President Chris Kuiper, by the third quarter of 2025, the number of listed companies holding more than 1,000 BTC has increased to 35, a significant growth of about 46% from 24 in the first quarter.
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Data reveals that institutional interest continues to heat up.
According to analyst Zack Wainwright's tracking, these high-holding companies collectively hold nearly 900,000 BTC, accounting for about 4.3% of Bitcoin's total supply. This not only signifies the increasingly important position of Bitcoin in corporate financial strategies but also symbolizes its gradual transformation from a speculative asset to a part of corporate asset allocation.
And from the quarterly data:
Q1 (First quarter of 2025): Added 99,857 BTC.
Q2 (Second quarter of 2025): Added 134,456 BTC, a quarterly increase of 35%.
This indicates that despite the severe market fluctuations, the pace of institutional accumulation is increasing rather than decreasing.
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Purchasing behavior is more decentralized, and risks are more robust.
It is worth noting that the report emphasizes that this wave of purchasing has no longer been concentrated among individual whales. Compared to the past, dominated by a few tech giants or crypto-native companies, more small and medium-sized enterprises are also beginning to enter the market, adopting a steady and phased approach to building their positions.
This trend of diversification helps reduce risk concentration, making the overall market healthier and more sustainable.
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Why do they choose Bitcoin?
These companies are not simply engaging in speculation, but are based on the following long-term logic:
1. Anti-inflation and hedging asset characteristics.
2. Global liquidity, transferable at any time.
3. Assets decoupled from the USD as a hedge.
4. Enhancing the value-added potential of corporate treasury.
Companies no longer see Bitcoin as a speculative product but as a reserve asset similar to digital gold, especially in the current uncertain global economic situation; Bitcoin has evidently become an alternative choice.
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Market observation: This is just the beginning.
Looking back at past institutional entries, each has had a profound impact on price and market confidence. Now, from the United States to Europe, from technology companies to marketing firms, Bitcoin is quietly entering the financial reports and balance sheets of more and more companies.
This is not just a price boost; it is a clear indication of the gradual 'normalization' and 'financialization' of the entire cryptocurrency industry.
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The era of Bitcoin for enterprises has already begun.
From MicroStrategy firing the first shot in 2020 to 35 listed companies heavily investing in Bitcoin by 2025, Bitcoin's role is no longer just a speculative tool for investors, but a strategic asset for enterprises.
If this path continues to extend, the next entrants may not only be listed companies but also national sovereign funds, the insurance industry, and pension systems.
