Top 100 Public Companies Holding Bitcoin Accumulate 5.2% of Supply

The top 100 public companies that have adopted Bitcoin as a strategic reserve have accumulated over a million BTC tokens.

Specifically, BitcoinTreasuries data shows that these top Bitcoin treasury companies have bought 1,105,236 BTC, accounting for 5.26% of the cryptocurrency’s total supply. Notably, this also translates to 5.5% of the current Bitcoin circulating supply of 19.97 million.

Key Points

• The top 100 public companies that have adopted Bitcoin as a strategic reserve have accumulated 1.105 million BTC, accounting for 5.26% of its total supply.
• Strategy pioneered this trend among public companies and continues to lead the way, holding 687,410 BTC.
• Marathon Digital, Twenty One Capital, Metaplanet, and the Bitcoin Standard Treasury Company made up the top five BTC-holding public companies, with a cumulative total of 161,887 BTC.
• BitcoinTreasuries shows that public companies holding Bitcoin as treasury strategy has a total of 1,107,841 BTC.
• Statistics show that public companies bought more Bitcoin than US ETFs in the first half of 2025.
• The more companies adopt the treasury strategy, and the more existing public treasury companies accumulate, the scarcer Bitcoin becomes.

Stats for Public Companies on the Bitcoin HODL Strategy

Notably, Strategy pioneered this trend among public companies when it bought its first Bitcoin in 2020, led by executive chairman Michael Saylor’s die-hard belief in the premier asset. Since then, the firm has led the way and currently holds 687,410 BTC, worth over $66 billion at today’s market price.

Marathon Digital, Twenty One Capital, Metaplanet, and the Bitcoin Standard Treasury Company make up the top five public companies with Bitcoin in their balance sheets. Cumulatively, they hold 161,887 BTC, which contributes immensely to the category’s large Bitcoin balance.

Notably, the 1.105 million BTC reflects the holdings of the top 100 companies alone. BitcoinTreasuries shows that the total number of public companies holding Bitcoin as a treasury asset holds a total of 1,107,841 BTC.

Why This Matters for Bitcoin and Its Supply

Remarkably, statistics show that public companies bought more Bitcoin than US ETFs in the first half of 2025, accumulating $47.3 billion in the asset, compared with $31.7 billion in ETF net inflows.

While ETFs eventually overtook them on a full-year basis following the second-half inflow resurgence, this shows the impact that corporate institutional adoption has on Bitcoin’s supply. The more companies adopt this strategy, and the more existing public treasury companies accumulate, the scarcer Bitcoin becomes.

Remarkably, most of these companies are on a long-term Bitcoin hold strategy, meaning that over 5.5% of the asset’s supply will be locked up for a while. With several indicators pointing to an early institutional adoption phase, new supply tightening, and ETFs holding an even larger BTC stash (1,496,957 BTC), the BTC supply will naturally deplete in the future.

Possible Price Impact

Interestingly, basic economics shows that as supply tightens and demand rises, an asset’s price goes up with it. This applies to Bitcoin and has been the principle behind its growth over the years.

More acquisitions by public companies and other sources of buying pressure would eventually lead Bitcoin to reprice to higher valuations. Notably, there is no certainty that entities will sustain their current thirst for buying more Bitcoin.

There is also no guarantee that the pioneering cryptocurrency would claim higher prices, as it has proven volatile and somewhat unpredictable over the years.