TLDR
- Public companies increased Bitcoin holdings by 16.1% in Q1 2025, reaching 688,000 BTC valued at $56.7 billion
- 12 new companies bought Bitcoin for the first time, bringing total public firms holding BTC to 79
- Hong Kong’s Ming Shing was the largest first-time buyer with 833 BTC total purchases
- Japanese firm Metaplanet purchased 319 more Bitcoin in April, now holding 4,525 BTC worth $383.2 million
- Bitcoin price has recovered from an April 7 dip below $75,000, trading around $84,440 in mid-April
Public companies have increased their Bitcoin holdings by 16.1% during the first quarter of 2025, according to data released by crypto fund issuer Bitwise. The total Bitcoin held by these firms reached approximately 688,000 BTC by the end of March, representing a value of $56.7 billion at a price of $82,445 per Bitcoin.
The number of public companies holding Bitcoin on their books rose to 79, with 12 firms buying the cryptocurrency for the first time in Q1. These new entrants helped push the total holdings up by 95,431 BTC over the three-month period.
Bitcoin’s price has remained relatively stable through mid-April, trading around $84,440 according to CoinGecko data. This represents a 2.3% increase since the end of Q1, showing recovery from a dip below $75,000 on April 7 that was triggered by new U.S. tariffs and global trade tensions.
First-Time Corporate Bitcoin Buyers
Hong Kong construction firm Ming Shing emerged as the largest first-time Bitcoin buyer during Q1. Its subsidiary Lead Benefit purchased a total of 833 BTC, making an initial buy of 500 BTC in January followed by an additional 333 BTC in February.
Video platform Rumble, which positions itself as an alternative to YouTube, was the second-largest new entrant. The company acquired 188 BTC in mid-March, adding to the growing list of public firms with Bitcoin exposure.
One of the more unusual debuts came from Hong Kong investment firm HK Asia Holdings Limited. The company purchased just a single Bitcoin in February, yet this modest acquisition had an outsized impact. HK Asia’s share price nearly doubled in value during a single trading day following the announcement.
Metaplanet Expands Bitcoin Position
Japanese investment firm Metaplanet has continued to build its Bitcoin position into the second quarter. In an April 14 announcement, the company disclosed a purchase of 319 additional Bitcoin at an average price of 11.8 million yen ($82,770) per coin.
This latest acquisition brings Metaplanet’s total holdings to 4,525 Bitcoin. The current market value of this position is approximately $383.2 million, though the company has invested nearly $406 million (58.145 billion yen) in total on its Bitcoin purchases.
The Tokyo-based firm’s stock showed mixed reaction to the news. After rising 3.71% on April 14 following the disclosure, Metaplanet shares dipped 0.5% during the April 15 morning trading session on the Tokyo Stock Exchange.
With its expanded Bitcoin holdings, Metaplanet now ranks as the tenth-largest public company holder of Bitcoin globally. It trails behind Jack Dorsey’s Block, Inc., which maintains a position of 8,485 BTC according to data from Coinkite.
The steady increase in corporate Bitcoin holdings throughout Q1 suggests that more public companies view digital assets as part of their broader financial strategy. This trend appears to be gaining momentum despite periodic market volatility.
The growth in public company Bitcoin ownership comes against a backdrop of growing institutional acceptance of cryptocurrency assets. These firms now control a large share of the circulating Bitcoin supply, with their combined holdings valued at nearly $57 billion.
The addition of 12 new corporate Bitcoin holders in a single quarter shows the continued expansion of cryptocurrency adoption beyond the early adopters. Companies from various sectors and regions are now participating in the Bitcoin market.
Market observers note that corporate Bitcoin purchases have evolved beyond pure speculation. Many companies now view Bitcoin allocation as part of a long-term positioning strategy within their treasury operations.
The price of Bitcoin has shown resilience in recent weeks. After falling below $75,000 in early April due to broader market concerns about new tariffs, the cryptocurrency has recovered to trade above $84,000 in mid-April.
This price stability, combined with growing corporate interest, has helped maintain positive sentiment in the cryptocurrency market through the start of Q2 2025. The trend of public companies adding Bitcoin to their balance sheets appears likely to continue in the months ahead.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
