CORPORATE BITCOIN MADNESS: 1 MILLION BTC AND COUNTING! 🚀💰

by

Markets

What to know:

  • Publicly traded companies collectively hold 1,000,632 BTC
  • Strategy alone accounts for nearly two-thirds of those corporate bitcoin holdings.

In the grand theater of capitalism, where the absurd often masquerades as the norm, we find ourselves in a peculiar spectacle. Publicly traded companies, those bastions of economic prudence, now collectively hold more than 1 million BTC (1,000,632 BTC), worth around $110 billion, according to BTC Treasuries. This figure, dear reader, is not a typo but a testament to the growing role of corporate adoption in the bitcoin market. 🤑

At the forefront of this digital gold rush stands Strategy (MSTR), a company that has single-handedly amassed 636,505 BTC, accounting for about 63.6% of the total holdings. It’s as if one company decided to hoard all the chocolate in the world, leaving the rest of us to ponder the wisdom of such an endeavor. The top 10 companies combined hold 863,397 BTC, nearly 86% of the total, a concentration of wealth that would make even the most ardent capitalist blush. 😅

Among the other notable players in this grand game:

  • MARA Holdings (MARA, US) – 50,639 BTC
  • XXI (CEP, US) – 43,514 BTC
  • Bitcoin Standard Treasury (BSTR, US) – 30,021 BTC
  • Bullish (BLSH, US) – 24,000 BTC
  • Metaplanet Inc. (MTPLF, Japan) – 20,000 BTC
  • Riot Platforms (RIOT, US) – 19,239 BTC
  • Trump Media & Technology Group (DJT, US) – 15,000 BTC
  • CleanSpark (CLSK, US) – 12,703 BTC
  • Coinbase Global (COIN, US) – 11,776 BTC

The corporate accumulation trend began in earnest with Strategy in 2020, a year when many of us were wondering if the world was coming to an end. Metaplanet joined the fray in 2024, and by 2025, the frenzy had reached a fever pitch. But as with all things in the market, what goes up must come down. Bitcoin dominance has eased to just above 58%, and the price of bitcoin has retreated to below $110,000 after hitting a record high above $124,000. 📉

Down another 2% on Thursday, Strategy is now lower by about 30% since hitting its 2025 peak in mid-July. Lower by another 8% today, Metaplanet has now shed about two-thirds of its value since its late-May high. It seems that even in the world of cryptocurrencies, the laws of gravity still apply. 🌍

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2025-09-04 19:14