Corporate Bitcoin Holdings Slow Down as Year-End Approaches
2025 was a landmark year for Bitcoin treasuries, but as Q4 comes to a close, a sharp slowdown in corporate additions has emerged, raising questions about future institutional demand. While earlier quarters saw robust momentum, Q4 has been marked by significant cooling in activity, leaving analysts pondering what might come next in 2026.
How Bitcoin Treasury Growth Evolved in 2025
According to CryptoQuant, 117 corporate entities added Bitcoin to their balance sheets in 2025. However, this growth was unevenly distributed across the year. Q1 saw 16 new entrants, followed by a surge in Q2 with 39 additions. Q3 peaked with 53 firms joining the fold, but Q4 has dramatically tapered off, contributing only 9 new companies so far—the lowest quarterly figure of the year.
The State of Corporate Bitcoin Holdings
While new participants remain cautious, most of the additions in 2025 have been small. Data indicates that:
- 147 firms hold under 500 BTC.
- 15 companies have between 500–999 BTC.
- Only 4 firms possess holdings in the range of 1,500–2,000 BTC.
MicroStrategy remains the undisputed leader, holding 660,624 BTC—a position that dwarfs other companies. The firm’s accumulation strategy remains deliberate and consistent, with $21.48 billion worth of Bitcoin purchased in 2025 alone.
Key Players Maintain Their Strategy
MicroStrategy and Bitmine are among the prominent buyers that continued their accumulation in 2025. Bitmine, however, has shown a clear downward trend, with monthly volumes decreasing sharply from $4.3 billion in August to just $296 million in December.
Other companies, such as Metaplanet and Evernorth, have paused their activity. Metaplanet hasn’t added any Bitcoin in over two months, while Evernorth’s last activity was six weeks ago with a one-time $950 million purchase.
Outlook for 2026: Will Institutional Demand Return?
This pause in growth has created uncertainty as to whether institutional interest will rebound in 2026. Much depends on market conditions, regulatory developments, and whether Bitcoin can sustain its appeal among corporate treasurers.
What This Means for Investors
The slowdown in Q4 highlights the importance of closely monitoring corporate activity for signals of a potential resurgence. If Bitcoin experiences improved market conditions in 2026, institutional demand may see a revival. For investors looking to capitalize on the future of crypto, products such as Ledger Nano X, a reliable hardware wallet, provide a secure avenue for storing digital assets.
Stay Informed
Follow platforms like CryptoQuant and blockchain analytics reports to stay updated on shifts in institutional participation. Understanding these trends could give both individual and corporate investors an edge in navigating the evolving cryptocurrency landscape.
