Public companies rapidly build up their bitcoin holdings

According to a Bitwise report, the total number of bitcoins owned by publicly traded companies increased from 394,131 to 786,857 between November 15, 2024, and May 15, 2025. This represents a rise of 392,726 coins.

Based on new data, Bitwise developed a model to predict the rate at which public organizations will accumulate BTC up to the end of 2026.

Assuming institutional investor interest in bitcoin slows, the model suggests companies could purchase 98,181 BTC each quarter. Maintaining the current trend would result in purchases of 196,363 BTC every three months. Increased institutional adoption of the cryptocurrency would raise the quarterly figure to 392,726 BTC.

In an optimistic scenario, publicly traded companies could accumulate up to 2.356 million bitcoins. Bitwise notes that factoring in unavailable and forgotten coins, there is considerable potential for a supply shortage.

The organization's analysts report that an increasing number of corporations are gradually shaping their business models around bitcoin. These developments collectively signal a growing acceptance of cryptocurrencies among institutional and other investor groups.