Corporate Bitcoin Holdings Nears $85B, More Than Doubling in a Year
Corporate Bitcoin holdings have surged dramatically, reaching 809,100 BTC (approximately $85 billion) across 116 public companies by the end of May. This represents a significant increase from 312,200 BTC held a year prior, with nearly 100,000 BTC added since early April. This growth is attributed to a combination of rising Bitcoin prices and favorable regulatory changes.
A key factor contributing to this surge is the pro-crypto stance adopted by Donald Trump during his 2024 presidential campaign. His promises to establish the U.S. as a global crypto hub and create a “crypto capital of the planet” have positively impacted market sentiment. Since taking office, Trump has initiated the creation of a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, while the SEC has dropped several lawsuits against major crypto firms. Binance Research’s report highlights a correlation between Trump’s election victory in November and the subsequent increase in Bitcoin treasury accumulation.
Further bolstering this trend are new fair-value accounting rules implemented by the Financial Accounting Standards Board (FASB). These rules allow companies to recognize gains on Bitcoin holdings, eliminating a previous deterrent to corporate investment.
While Bitcoin remains the dominant asset in corporate treasuries, with Strategy holding over 70% of the total, some companies are diversifying into other cryptocurrencies. SharpLink, for instance, holds $425 million in Ether (ETH), while DeFi Development and Classover have invested in Solana (SOL). Webus, a China-based firm, has even filed for a $300 million XRP strategic reserve. However, these altcoin holdings remain relatively small, often associated with companies seeking to rebrand as token-forward entities.
Finally, the report underscores the rapid growth of tokenized real-world assets (RWAs), which have experienced a remarkable 260% increase in value this year, rising from $8.6 billion to $23 billion. This expansion highlights the increasing integration of traditional assets into the blockchain ecosystem.
