Bitcoin corporate adoption surges as 48 new treasuries emerge

     

Bitcoin corporate adoption trends rise sharply

The number of public companies holding Bitcoin jumped 38% from July to September, signaling renewed institutional confidence. According to Bitwise’s Q3 Corporate Bitcoin Adoption report, 172 companies now hold Bitcoin. The study used data from BitcoinTreasuries.NET and revealed that 48 new firms joined the list within just three months.

Bitwise CEO Hunter Horsley called the figures “absolutely remarkable,” noting that both individuals and corporations “want to own Bitcoin.” The total value of corporate Bitcoin holdings has reached $117 billion, marking a 28% increase from the previous quarter. Together, these firms now hold over one million BTC, representing 4.87% of the total circulating supply.

Large corporations doubling down on Bitcoin

Rachael Lucas, an analyst at BTC Markets, said that this growing accumulation shows “larger players are doubling down, not backing away.” She emphasized that as regulatory clarity improves and infrastructure develops, the momentum is likely to continue.

MicroStrategy remains the largest corporate Bitcoin holder, with 640,250 tokens after its most recent purchase on October 6. Crypto miner MARA Holdings follows with 53,250 BTC, having boosted its reserves earlier this week.

Lucas believes this deepening participation reflects a long-term strategic move by institutions. “They’re making a deliberate decision to include digital assets as part of their treasury strategy,” she explained. This trend, she added, helps legitimize crypto as a mainstream asset class and supports future financial products such as Bitcoin-backed loans and derivatives markets.

Institutional accumulation and Bitcoin price dynamics

Despite increasing institutional accumulation, Bitcoin’s price remains volatile. Lucas noted that corporations often buy Bitcoin over-the-counter, which avoids slippage but delays immediate price impact. She also mentioned that price corrections can still occur due to long-term holders taking profits, rising derivatives activity, or macroeconomic pressures like the US-China trade tensions.

Edward Carroll, head of markets at MHC Digital Group, believes Bitcoin treasury growth is still in its early phase. He expects the “surge in institutional interest” to create a supply-demand imbalance that could drive long-term price appreciation. Carroll added that Bitcoin may gradually “decouple from broader risk sentiment” as more institutional investors join.

Currently, miners produce about 900 BTC daily, while a report from River found that companies are collectively acquiring 1,755 BTC per day in 2025.

Maturing crypto market signals mainstream adoption

Lucas highlighted that Bitcoin exchange-traded funds (ETFs) are accelerating this trend. These regulated investment vehicles are giving traditional investors easier access to digital assets. US spot Bitcoin ETFs recently saw $2.71 billion in weekly inflows during “Uptober,” demonstrating continued growth.

“What we’re witnessing is a maturing market,” Lucas said. “Crypto is evolving from a speculative space into a legitimate asset class with institutional-grade participation.”