Bitcoin is no longer just a speculative asset — it’s becoming a cornerstone of corporate finance. As of May 2025, 116 publicly traded companies now hold over 809,000 BTC, equivalent to more than $85 billion in total market value, according to a new report from Binance Research.
That’s more than a doubling from just a year ago, when corporate treasuries collectively held around 312,200 BTC. It’s not just the price surge fueling this trend — it’s the growing conviction that Bitcoin belongs alongside cash and bonds on the balance sheet.
Several forces are driving the shift. President Donald Trump’s return to the White House has brought with it a dramatic pivot in crypto policy, including a Strategic Bitcoin Reserve initiative and friendlier regulatory treatment for digital asset firms. Meanwhile, the Financial Accounting Standards Board (FASB) has introduced fair-value accounting for crypto, allowing corporations to reflect market gains — not just impairments — on their books.
MicroStrategy continues to lead the charge, controlling over 70% of publicly reported corporate BTC holdings. But it’s no longer alone. Companies like GameStop and football club Paris Saint-Germain have recently disclosed Bitcoin holdings, signaling wider adoption across sectors and geographies.
And it’s not just Bitcoin making its way into boardroom strategies. Some firms are dabbling in Ethereum and Solana, while Chinese tech company Webus has revealed plans to hold $300 million in XRP as part of a digital reserve strategy.
Still, Binance Research notes that Bitcoin dominates by a wide margin, while altcoin holdings are often tied to branding or speculative ventures. More significantly, the report highlights the explosive growth in tokenized real-world assets (RWAs), which have surged 260% this year — a signal that institutions are finding ways to bridge traditional finance with blockchain infrastructure.
What was once an edge-case investment is now becoming a fixture in global capital strategy — and the numbers speak for themselves.
