According to a recent report by cryptocurrency asset management company Bitwise, public companies are increasingly investing in Bitcoin
108,566. Over approximately a six-month period, Bitcoin has transitioned from a speculative asset to a strategic institutional holding. The report reveals that from November 15, 2024, to May 15, 2025, the total amount of Bitcoin held by public companies surged from 394,131 to 786,857.
Bitcoin Acquisition by Companies
The report outlines that during this period, companies collectively added 392,726 BTC to their portfolios. This implies that approximately 196,363 Bitcoins were acquired by companies every three months. In light of these figures, Bitwise developed a model to project the rate at which public companies might accumulate Bitcoin over the next six quarters, up until the end of 2026.
If the institutional interest in Bitcoin decelerates, the model suggests that companies could purchase 98,181 BTC each quarter. Should the current trend maintain its pace, quarterly purchases could remain at 196,363 BTC. Conversely, if institutional adoption doubles, it is estimated that companies could acquire 392,726 BTC every three months.
Future Scenarios for Bitcoin
In an optimistic scenario, Bitwise projects that public companies could amass up to 2.356 million BTC. This amount represents 11.22% of the total Bitcoin supply, equivalent to approximately $259.4 billion at current prices. In more cautious forecasts, total accumulation might range between 589,000 and 1.178 million BTC. Factoring in nearly 2 million Bitcoins rendered inaccessible by Satoshi Nakamoto and forgotten coins, there is a notable potential for a supply shortage.
The interest in Bitcoin from institutional companies may not be limited to merely converting cash reserves into cryptocurrency. Bitwise analysts observe that an increasing number of companies are gradually shaping their business models around Bitcoin.
“Collectively, these developments signal a new adoption era where public companies not only hold Bitcoin but also build business models around this asset. The ‘Bitcoin Standard,’ pioneered by figures like Michael Saylor, suggests replicable models where companies channel excess cash into Bitcoin and align capital structures to fund additional purchases. More firms adopting this standard strengthens Bitcoin’s role in corporate treasuries and informs equity investors about its function,” analysts highlight.
The growing corporate acceptance of Bitcoin could also amplify interest among other investor groups and market participants. Consequently, it appears increasingly feasible for this leading cryptocurrency to become a staple on more companies’ balance sheets.
Continued institutional buying may encourage Bitcoin’s long-term adoption not just in individual but also corporate investment spheres. If this trend persists, significant changes in market dynamics are anticipated in the coming years. It is expected that cryptoassets will occupy more prominent positions in strategic planning by public companies.
