As of August 2025, a new wave of institutional investors has embraced Bitcoin, with several public companies accumulating significant holdings. MicroStrategy, now named Strategy, leads with 628,946 BTC worth over $73 billion, making up 2.8% of Bitcoin's total supply. Following closely, Marathon Digital Holdings holds 50,639 BTC valued at nearly $6 billion. Other notable holders include Twenty-One (43,514 BTC), Bitcoin Standard Treasury Company (30,031 BTC), and Riot Platforms, which has 19,273 BTC worth about $2.25 billion. Japanese firm Metaplanet and Trump Media & Technology Group also make the list, with 18,113 BTC and 15,000 BTC respectively. As companies like CleanSpark and Coinbase further increase their Bitcoin reserves, the trend of institutional adoption is expected to continue, suggesting that Bitcoin is increasingly regarded as a valuable asset for corporate treasuries.

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