Corporates Lead Bitcoin Buying Spree in 2025
New research reveals a significant shift in Bitcoin (BTC) investment: corporations and businesses are the largest net buyers in 2025, outpacing both exchange-traded funds (ETFs) and retail investors.
Corporate Bitcoin Accumulation Dominates
According to Bitcoin investment firm River, corporate holdings have grown by 157,000 BTC (approximately $16 billion at current prices) this year. MicroStrategy’s purchases account for a staggering 77% of this growth.
River’s data highlights that this trend isn't limited to large corporations. "Businesses across all industries are adopting Bitcoin," River noted, recognizing its transformative potential.
Breakdown of Bitcoin Ownership Changes in 2025:
- Corporations: +157,000 BTC
- ETFs: +49,000 BTC
- Governments: +19,000 BTC
- Retail Investors: -247,000 BTC
Since 2024, business ownership of Bitcoin has increased by 154%. Within the corporate sector, the distribution is as follows:
- Finance and Investment Firms: 35.7%
- Technology Firms: 16.8%
- Professional and Consulting Companies: 16.5%
- Other (Real Estate, Non-profits, Consumer/Industrial, Healthcare, Energy/Agriculture/Transportation): Remainder
Recent notable corporate purchases include MicroStrategy’s acquisition of 13,390 BTC for $1.34 billion and Metaplanet’s addition of 1,241 BTC, surpassing El Salvador’s holdings.
New entrants to the corporate Bitcoin market in 2025 include Rumble, Ming Shing (Hong Kong construction), and HK Asia Holdings Limited (Hong Kong investment).
Bitwise reported that twelve public companies made their first Bitcoin purchases in Q1 2025, increasing public company Bitcoin holdings by 16% (95,000 BTC).
Is Bitcoin Becoming Deflationary?
The significant corporate buying pressure, coupled with Bitcoin's finite supply (miners produce only 450 coins per day), is raising questions about potential deflation.
CryptoQuant CEO Ki Young Ju suggests MicroStrategy’s accumulation rate exceeds miner output, potentially resulting in a -2.3% annual deflation rate. Adam Livingston similarly argues that MicroStrategy’s actions are creating a “synthetic halving” effect.
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