Bitcoin’s Q2 Rally Attributed to Corporate Buyers, According to Bitwise

Corporate Bitcoin Holdings Surge to $91B as Public Firms Accelerate Adoption in Q2

Publicly traded companies are doubling down on bitcoin, amassing a combined 847,000 BTC—valued at roughly $91 billion—by the end of the second quarter of 2025, according to new data from Bitwise.

This marks a 23% increase in bitcoin holdings from the previous quarter, representing nearly 4% of bitcoin’s total supply of 21 million coins. The average price of bitcoin during the quarter rose to $107,754, driving a 61% increase in the total market value of corporate reserves.

More Companies Join the Bitcoin Bandwagon

The number of public companies holding bitcoin jumped to 125 in Q2, up 58% from the prior quarter. A total of 46 new corporate entrants added BTC to their balance sheets.

MicroStrategy (MSTR) remains the undisputed leader, controlling 597,325 BTC, followed by MARA Holdings (MARA) with 49,940 BTC, and newcomer Twenty One (XXI), which now holds 37,230 BTC.

GameStop and Trump Media Make Headlines

Several high-profile names fueled the latest surge in corporate adoption. GameStop (GME) acquired 4,710 BTC, marking its first significant move into digital assets. Meanwhile, Trump Media unveiled plans to raise $2.5 billion specifically for bitcoin purchases, underscoring how diverse corporate players are entering the crypto space.

In Asia, Tokyo-listed Metaplanet (3350) saw trading volumes outpace those of major Japanese corporations like Toyota and Sony, highlighting the global nature of corporate interest in bitcoin.