Public Companies Are Increasingly Investing in Bitcoin (BTC), Says Crypto Asset Manager Bitwise

Crypto asset manager Bitwise says publicly traded companies are increasingly investing in Bitcoin (BTC) as the flagship cryptocurrency transitions from a speculative investment to a more strategic corporate asset.

Crypto asset manager Bitwise says publicly traded companies are increasingly investing in Bitcoin (BTC) as the flagship cryptocurrency transitions from a speculative investment to a more strategic corporate asset.

According to a new report by Bitwise, the aggregate Bitcoin holdings of corporate investors rose from 394,131 to 786,857 over a six-month period beginning November 15th, 2024 and ending May 15th, 2025.

The increase in corporate BTC holdings over the six months is 392,726, or 196,363 BTC acquired per quarter.

Using the data, Bitwise projected the amount of Bitcoin that public companies will likely accumulate over the next six quarters through the end of 2026. The model suggests that corporate investors will likely buy 98,181 BTC per quarter if Bitcoin adoption slows by half. Companies will purchase 196,363 BTC per quarter if the pace remains the same and 392,726 BTC per quarter if the adoption rate doubles, as per the model.

In the bull case scenario, public companies can hoard as much as 2.356 million BTC, which represents 11.22% of the total Bitcoin supply, or $259.395 billion based on Bitcoin’s current price of $110,100.

The anticipated inflows in the bear and base case scenarios are 589,000 BTC and 1.178 million BTC, respectively.

Says Bitwise,

“Collectively, these developments signal a new era of Bitcoin adoption in which public companies not only hold Bitcoin but design business models around it. Pioneered by Michael Saylor, the ‘Bitcoin Standard’ corporate playbook of reorienting excess cash into Bitcoin purchases and using a company’s capital structure to fund additional Bitcoin acquisition is becoming a repeatable model.

"As more companies adopt the Bitcoin Standard, it reinforces Bitcoin’s role as a corporate treasury asset and educates equity investors on its utility – driving broader institutional acceptance.”