In 2025, institutional and national adoption of Bitcoin continues to accelerate, with public companies, mining firms, and even sovereign states significantly increasing their BTC reserves. From strategic treasury diversification to long-term financial resilience planning, Bitcoin is no longer a speculative asset—it's becoming a core component of balance sheets worldwide. This article explores the latest developments in corporate and national Bitcoin holdings, highlighting key players, trends, and implications for the broader crypto ecosystem.
Corporate Bitcoin Adoption Reaches New Heights
Publicly traded companies are leading the charge in Bitcoin accumulation, viewing it as a hedge against inflation and a strategic store of value. According to recent data from Bitcoin Treasuries,上市公司 (publicly listed companies) purchased approximately 131,000 BTC in Q2 2025—an 18% increase in their total Bitcoin holdings. This outpaces the growth of spot Bitcoin ETFs, which added around 111,000 BTC during the same period.
While ETFs remain the largest holders of Bitcoin—surpassing 1.4 million BTC, or about 6.8% of the 21 million supply—corporate treasuries now hold roughly 855,000 BTC, representing nearly 4% of the total supply. This growing trend reflects a shift in corporate finance strategy, where digital assets are increasingly seen as legitimate treasury instruments.
👉 Discover how top companies are integrating Bitcoin into their financial strategies.
Japan’s Metaplanet Surpasses Tesla in Bitcoin Holdings
One of the most notable developments in 2025 is Metaplanet, a Japanese上市公司, surpassing Tesla as one of the top corporate holders of Bitcoin. After two major purchases—first acquiring 1,111 BTC and later adding another 1,234 BTC—the company now holds 12,345 BTC, overtaking Tesla’s reported holding of approximately 11,509 BTC.
This aggressive accumulation positions Metaplanet as the seventh-largest publicly traded company by Bitcoin holdings. The firm has publicly stated its commitment to a Bitcoin-centric treasury model, emphasizing scarcity, decentralization, and long-term value preservation as core principles.
Other Japanese firms are following suit. Remixpoint, another listed company, purchased 50.06 BTC for ¥793.9 million (~$39.29 million), bringing its total bitcoin holdings to 925.71 BTC. These moves signal a growing trend in Asia’s institutional embrace of digital assets.
European Firms Join the Bitcoin Treasury Movement
Across Europe, companies are also embracing Bitcoin as a strategic asset. Smarter Web Company, a UK-based上市公司, has consistently increased its BTC position throughout June 2025:
- June 13: Added 74.27 BTC → Total: 242.34 BTC
- June 10: Added 45.32 BTC → Total: 168.08 BTC
- June 5: Added 39.52 BTC → Total: 122.76 BTC
- May 29: Added 24.53 BTC → Total: 83.24 BTC
This steady accumulation reflects a disciplined, long-term approach to treasury management. The company has not disclosed specific reasons for the purchases but aligns with a broader movement among European SMEs seeking financial sovereignty and inflation protection.
Similarly, Sweden’s H100 Group, a health tech firm, acquired 1.85 BTC through convertible notes, increasing its total BTC holdings to 6.24 BTC. Backed by Blockstream CEO Adam Back, this acquisition underscores how venture financing and digital asset strategies are converging.
Mining Giants Adjust Holdings Amid Market Dynamics
Bitcoin mining companies are also active participants in the market—not just as producers but as strategic holders. DMG Blockchain Solutions, a publicly listed miner, reported 23 BTC mined in June 2025—down from 31 BTC in May—due to network difficulty adjustments and maintenance cycles.
Despite mining fewer coins, DMG actively manages its treasury. The company sold an undisclosed amount of BTC to cover operational costs and repay loans at Sygnum Bank. As a result, its total bitcoin holdings dropped from 350 BTC in May to 341 BTC by end-June.
Meanwhile, Bitdeer, a Nasdaq-listed mining firm, continues to grow its reserves:
- June 7: Held 1,375.9 BTC (after net adding 31.9 BTC)
- June 29: Increased to 1,486.1 BTC
- May 23: Held 1,310.9 BTC
Bitdeer’s strategy focuses on holding a significant portion of mined BTC while selling only what’s necessary for operations—a model that strengthens long-term shareholder value.
👉 See how mining firms balance production and retention strategies in volatile markets.
National Governments Enter the Arena
Sovereign adoption is another critical driver of demand. El Salvador, the first country to adopt Bitcoin as legal tender, recently added 1 BTC to its reserves—bringing its total to 6,190.18 BTC. Over the past week, it purchased 8 BTC, and over the past month, 30 BTC.
With an estimated value of $673 million, El Salvador’s holdings reflect President Nayib Bukele’s ongoing commitment to national Bitcoin accumulation. The government continues to promote volcano bond initiatives and mining projects powered by geothermal energy.
ETFs on Track to Become Largest Holders
While corporations and nations accumulate, spot Bitcoin ETFs remain dominant in scale. Analysts project that IBIT, BlackRock’s Bitcoin ETF, could surpass Satoshi Nakamoto himself—the presumed holder of over one million BTC—as the largest single holder by late 2026.
Eric Balchunas, senior ETF analyst at Bloomberg, stated: “IBIT is likely to become the world’s largest Bitcoin holder by end-2026 due to its accessibility, low fees, institutional trust, and liquidity.” This shift highlights how regulated financial products are democratizing access to Bitcoin without requiring direct custody.
Even regional ETFs are gaining traction. Australia’s Monochrome Bitcoin ETF (IBTC) reached 666 BTC by May 29, 2025—worth over 111.5 million AUD—showcasing growing demand in Asia-Pacific markets.
Emerging Trends in Digital Asset Reserves
Beyond Bitcoin, other blockchains are seeing institutional interest. Upexi, a treasury firm tied to Solana, increased its SOL holdings to 735,692 tokens, valued at over $105 million. The company also plans to tokenize its SEC-registered stock using the Opening Bell platform on Solana—a pioneering move in blockchain-based equity issuance.
Meanwhile, cross-sector firms like DDC Enterprise, a cross-border e-commerce company, purchased 79 BTC, bringing its total to 100 BTC. CEO Norma Chu emphasized that Bitcoin’s scarcity and decentralization align with the company’s vision for financial resilience.
Frequently Asked Questions (FAQ)
Q: Why are companies buying Bitcoin instead of holding cash?
A: Many firms view Bitcoin as "digital gold"—a scarce, non-inflationary asset that can preserve value over time. With global monetary policies often leading to currency devaluation, Bitcoin offers an alternative store of value outside traditional banking systems.
Q: How do Bitcoin holdings affect a company’s stock performance?
A: Companies with large Bitcoin treasuries often experience higher stock volatility due to price swings in BTC. However, long-term investors may reward firms that demonstrate conviction in digital assets through strategic accumulation.
Q: Is it safe for a nation to hold Bitcoin on its balance sheet?
A: While controversial, proponents argue that holding Bitcoin diversifies national reserves beyond U.S. Treasuries and fiat currencies. Risks include price volatility and cybersecurity concerns—but these are mitigated through cold storage and multi-signature wallets.
Q: What does 'net add' mean in mining company reports?
A: Net add refers to the difference between newly mined Bitcoin and any sold or used for operations. For example, if a miner produces 50 BTC but sells 20, their net add is +30 BTC.
Q: Can small companies benefit from holding Bitcoin?
A: Yes. Even smaller firms like H100 Group or Matador Technologies use Bitcoin to signal innovation and attract tech-savvy investors. Holding even a few BTC can serve as both investment and marketing strategy.
Q: How do ETFs compare to direct ownership for institutions?
A: ETFs offer regulated exposure without custody responsibilities—ideal for risk-averse institutions. Direct ownership provides full control but requires robust security infrastructure.
👉 Explore global trends in corporate Bitcoin adoption and track real-time holdings data.
The landscape of digital asset ownership is evolving rapidly. As more companies and countries adopt Bitcoin into their financial frameworks, the line between traditional finance and decentralized systems continues to blur—ushering in a new era of monetary sovereignty and innovation.