Despite recent market volatility, the third quarter of this year saw a record surge in Bitcoin adoption by public companies, signaling a major strategic shift toward digital assets as a treasury reserve.
According to data from Bitwise and Bitcoin Treasuries:
- The number of public companies holding Bitcoin jumped to 172, a nearly 40% increase in just three months.
- These firms collectively held over 1.02 million Bitcoin as of September 30, valued at approximately $118.4 billion.
- Public companies were the most aggressive accumulators, adding over 193,000 BTC to their balance sheets—a 20.68% quarter-over-quarter increase, significantly outpacing growth by private companies and ETFs.
Leading corporate holders include MicroStrategy and Metaplanet, which more than doubled its holdings.
Experts attribute this acceleration to a “long-term bet on digital assets” and a supportive regulatory climate, citing recent accounting reforms and the SEC’s listing standards for commodity-based trust shares. Institutional interest remains strong, with digital asset investment products seeing a record $48.7 billion in year-to-date inflows.
While the market is facing a short-term “recalibration” due to geopolitical tensions and volatility, analysts suggest the long-term bullish accumulation trend remains intact. Much of the accumulation is driven by digital asset treasuries, which are funded by security issuance in the public market and operate with a long-term investment horizon. This continuous institutional demand is expected to continue, with some forecasting Bitcoin could potentially reach $160,000 in the fourth quarter.
October 2025, Cryptoniteuae
