• Over 135 public companies now hold Bitcoin (BTC) as a treasury reserve, led by Strategy’s aggressive acquisition strategy.

  • Strategy (MSTR) raises $2.5B via IPO to acquire 21,021 BTC, pushing its holdings to 628,791 BTC.

  • Coinbase adds 2,509 BTC in Q2, re-entering the top 10 public company Bitcoin treasuries.

  • White House releases crypto policy report, lacking details on a strategic Bitcoin reserve.

The Bitcoin treasury trend continues to surge, with over 135 public companies, including Strategy (MSTR) and Coinbase, allocating significant capital to Bitcoin (BTC) as a reserve asset, capitalizing on a crypto-friendly regulatory shift. Strategy’s recent $2.5 billion IPO and Coinbase’s Q2 acquisition highlight the growing institutional adoption, while the White House’s crypto report leaves investors awaiting clarity on a national Bitcoin reserve.

As of July 2025, 135 public companies globally hold approximately 855,000 BTC, representing 4% of Bitcoin’s 21 million fixed supply. Strategy, a pioneer since 2020, now holds 628,791 BTC, acquired at an average price of $73,227 per coin, valued at over $70 billion. This follows a $2.521 billion IPO of its STRC preferred stock, used to purchase 21,021 BTC at $117,256 per coin, marking the largest U.S. IPO of 2025.

Coinbase bitcoin holding update (as of June 30):→ Increase in Q2: 2,509 BTC→ Total holding: 11,776 BTC→ Total cost basis: $740M→ Market value: $1.26B

— Coinbase (@coinbase) July 31, 2025

Coinbase, a leading crypto exchange, boosted its Bitcoin holdings by 2,509 BTC in Q2 2025, bringing its total to 11,776 BTC, valued at $1.26 billion with a cost basis of $740 million. This acquisition positions Coinbase ahead of Tesla (11,509 BTC) among public company treasuries, reflecting its strategic pivot to deepen crypto exposure.

The Bitcoin treasury trend, driven by firms like Coinbase and Strategy, has outperformed traditional markets, with MSTR’s stock soaring 257% in the past year compared to the S&P 500’s 6%. However, analysts warn of risks, with Charles Schwab noting that a Bitcoin price drop below $90,000 could leave half of corporate treasuries underwater, potentially triggering liquidity crises. “As always, there will be big winners and losers in this mania,” said Ravi Doshi of FalconX.

White House Crypto Report

The White House released its anticipated digital assets policy report on July 30, 2025, but disappointed some investors by omitting specifics on a strategic Bitcoin reserve, despite earlier indications of progress. The report emphasized regulatory clarity for stablecoins and anti-money-laundering measures, aligning with the recently signed GENIUS Act, which mandates full-reserve backing for stablecoins.

– Banks can custody Bitcoin– ETF in-kind redemption/creation on the way.– U.S. Strategic Bitcoin Reserve coming Global markets pouring money into Bitcoin Treasury companies. We said it would all happen. It’s happening. Are you winning son?

— Bitcoin Archive (@BTC_Archive) July 24, 2025

Posts on X reflect enthusiasm, with @BTC_Archive stating, “Global markets are pouring money into Bitcoin treasury companies. It’s happening.” However, skepticism persists about over-leveraged firms, with critics like Jim Chanos shorting MSTR, citing its complex debt structure.

The Bitcoin treasury trend underscores growing corporate confidence in Bitcoin (BTC) as a hedge against inflation and a value driver, with Strategy and Coinbase leading the charge. While regulatory advancements like the GENIUS Act bolster the sector, the lack of clarity on a U.S. Bitcoin reserve and potential market volatility remain key concerns for investors to monitor.

Disclaimer: This article is for informational purposes only and does not constitute legal, tax, investment, or financial advice. Readers should conduct their own research before making investment decisions. We use AI to help us research and enhance the text, which is then edited by our team.

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