Bitcoin is no longer just an experiment for enthusiasts and retail investors. It has become a company.
As of mid-2025, more than 35 publicly traded companies have at least 1,000 Bitcoin (BTC) on their balance sheets. This is a big deal. Corporate Bitcoin finances are increasing as companies manage their financial reserves and try to accept Bitcoin as part of their long-term strategy.
According to Fidelity Digital Assets, this number has risen from 24 companies at the end of the first quarter of 2025, so it is not a small number of major buyers.
“Bitcoin purchases are now widely distributed among public companies rather than concentrated among a small number of large buyers.” said Chris Kuiper, Vice President of Research at Fidelity.
This growth could be partly driven by an executive order from President Trump in early 2025 that gave Bitcoin legitimacy as a strategic financial asset. Many companies are rethinking how they manage Treasury funds.
“Not only has there been an increase in total purchases since the first and second quarters of 2025 (…), but there are more companies making purchases.” Kuiper said.
For many companies, Bitcoin is a hedge against inflation, a way to inform diversification and technical leadership from traditional Fiat currency.
With fears of inflation still high and President Trump is hoping to cut interest rates, fixed supply of Bitcoin is becoming more attractive to businesses looking for cash alternatives.
It is becoming an institutional asset. Low correlation with other investments can help companies reduce risk.
Leading companies like Strategy, Marathon Digital and even Gamestop are the recent announcement of the use of convertible debt to fund Bitcoin purchases.
Bitcoin’s Treasury is becoming a popular strategy as companies are looking for ways to increase their BTC holdings without affecting their operations.
Unlike retailers and traditional institutional investors, companies’ finances are becoming long-term holders of Bitcoin. They are not entities trying to flip their holdings for quick profits. They treat Bitcoin like digital gold. This is an asset that you will hold for years rather than weeks.
Jeff Park, head of Bitwise’s Alpha Strategies, calls this a big deal. He says there is a “money barrier” that comes from the Ministry of Corporate Finance. Park believes Bitcoin could reach $200,000 as more companies run their capital.
He estimates that more than $15 billion in Bitcoin purchases are planned in the near future than all Bitcoin ETF inflows in early 2024.
In addition to spot buying, the Bitcoin derivatives market is also hot. Open interest in Bitcoin futures has recently reached $45 billion.
CME, a regulated exchange supported by traditional institutions, currently has an open profit of $16.5 billion. It’s traditional funds that are happy with Bitcoin.
As companies no longer view BTC as a risk, as part of their financial plan, they are hiring the company because they no longer view BTC as part of their financial plan. According to Bitcointreasuries, 160 public companies currently own Bitcoin. There are 53 companies in the US, 32 in Canada and 10 in the UK.
