Public Companies Now Hold Over 1 Million Bitcoin, Highlighting Institutional Shift

The combined Bitcoin holdings of publicly traded companies have officially surpassed 1 million BTC, a significant milestone that underscores the asset’s growing acceptance on corporate balance sheets.

Data from BitcoinTreasuries shows the threshold was crossed on Thursday. This trend, largely pioneered by Michael Saylor’s MicroStrategy, has been adopted by a growing list of firms, including miners like Marathon Digital and companies like Semler Scientific and GameStop.

However, experts caution that institutional adoption is still in its early stages. “Most major Bitcoin treasury firms have only begun their long-term accumulation strategies, meaning a significant amount of raised capital is still waiting to be deployed,” noted BitcoinTreasuries President Pete Rizzo.

The success of these treasury strategies, reflected in both share price and Bitcoin’s appreciating value, continues to attract new entrants. As Bitwise’s Bradley Duke noted on social media, “That’s about $111 billion locked up by institutions… The structural imbalance between BTC supply and demand is real and getting more pronounced.”