Corporate Bitcoin Holdings Hit 3.28% of Supply in Q1 2025: MicroStrategy Adds $285M

In the first quarter of 2025, global corporations embraced Bitcoin adoption at an unprecedented pace. On April 14, Strategy (formerly MicroStrategy) acquired an additional 3,459 BTC for $285 million, further solidifying its position as the world's largest corporate Bitcoin holder.

Meanwhile, other publicly traded companies, including Metaplanet, Semler Scientific, and GameStop, have also accelerated their Bitcoin accumulation. According to Bitwise, listed companies collectively held 688,000 BTC by the end of Q1 2025, representing 3.28% of Bitcoin's total 21 million coin supply, underscoring growing corporate confidence in Bitcoin as a reserve asset.

Strategy continued its aggressive Bitcoin investment strategy in Q1 2025. Per a recent filing with the U.S. Securities and Exchange Commission (SEC), Strategy purchased 3,459 BTC between April 7 and April 13 for $285 million, at an average price of $82,618 per coin. As of April 13, Strategy's total Bitcoin holdings stood at 531,644 BTC, with an average acquisition price of $67,556 per coin, valued at approximately $45 billion, accounting for 2.53% of Bitcoin's total supply. The company funded this acquisition by selling its Class A common stock (MSTR). Since the start of 2025, Strategy's BTC investments have yielded a return of over 11.4%.

Strategy's success has inspired a wave of Bitcoin enthusiasm among global corporations. In Q1 2025, publicly listed companies significantly increased their Bitcoin holdings, adding 95,431 BTC to their portfolios, bringing the total to 688,000 BTC, valued at roughly $57 billion, or 3.28% of Bitcoin's total supply. According to Bitwise, the top five corporate Bitcoin holders are Strategy (528,185 BTC), MARA Holdings (47,531 BTC), Riot Platforms (19,223 BTC), CleanSpark (11,869 BTC), and Tesla (11,509 BTC).

Dubbed the "MicroStrategy of Asia," Japanese investment firm Metaplanet has also ramped up its Bitcoin strategy. In January 2025, Metaplanet announced plans to increase its Bitcoin holdings to 10,000 BTC by the end of the year, a 467% growth target. On April 14, Metaplanet purchased 319 BTC for $26 million, bringing its total holdings to 4,525 BTC. The company's CEO, Simon Gerovich, stated that Metaplanet aims to achieve this goal through equity, bonds, and convertible bonds while promoting Bitcoin adoption in Japan and globally.

Medical technology company Semler Scientific also significantly increased its Bitcoin holdings in Q1 2025. In February 2025, Semler Scientific purchased 871 BTC for $88.5 million, bringing its total BTC holdings to 3,192 coins. Retail giant GameStop has similarly joined the Bitcoin wave. In April 2025, GameStop raised $1.48 billion through a private offering of convertible bonds to purchase Bitcoin, further driving corporate adoption trends. Currently, GameStop holds over 17,500 BTC.

Corporate enthusiasm for Bitcoin has also been fueled by regulatory changes. In January 2025, a new rule from the U.S. Financial Accounting Standards Board (FASB) took effect, allowing companies to hold Bitcoin at fair value. This change eliminated the previous limitation where companies could only record impairment losses during price declines without recognizing gains from price increases. The new rule enables firms to more accurately reflect the value of their Bitcoin assets, enhancing its appeal as a reserve asset. After adopting he FASB's new fair value accounting rules, Strategy is about to get a $12.75 billion balance sheet boost, according to analysts at Bernstein.

Bitcoin's price saw notable volatility in Q1 2025. As of April 15, Bitcoin was trading at approximately $85,000. Market uncertainty has largely stemmed from U.S. President Donald Trump's trade tariff policies, with investors concerned about everlasting global market impacts. However, recent news of tariff suspensions and exemptions have alleviated some market pressure.

Despite short-term price challenges, analysts remain optimistic about Bitcoin's long-term outlook. Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, stated in a podcast interview that he expects Bitcoin to reach $200,000 by the end of 2025. Joe Burnett, Director of Market Research at Unchained, told Cointelegraph that Bitcoin remains on track to surpass $1.8 million by 2035.