Globally listed companies added 195,000 BTC to their reserves in Q3 2025, equivalent to about $20.5 billion at the Medium price of the quarter.
This is the next large-scale purchase after Q2/2025 (an increase of 139,000 BTC), indicating an increasing trend of using Bitcoin as a corporate reserve asset since early 2024.
- Q3 2025: add 195,000 BTC to corporate reserves.
- Equivalent to about $20.5 billion at Medium prices.
- Since the beginning of 2024, the total increase is more than 700,000 BTC in listed companies.
Key data Q3/2025
In Q3 2025, global listed companies added 195,000 BTC to their reserves, equivalent to ~$20.5 billion at the Medium price of the quarter.
Data shows this is a large buy, following Q2 2025 with a 139,000 BTC increase, reflecting significant accumulation activity from the corporate side.
Globally listed companies added 195,000 BTC to their reserves in Q3 2025, equivalent to about $20.5 billion at the Medium price of the quarter. Bitcoin Treasuries, a database tracking Bitcoin reserves, 2025
Implications for businesses and markets
The increase in holdings shows that many businesses see Bitcoin as a reserve option, increasing asset diversification and continuing the trend of institutional accumulation.
This move could impact market supply and liquidation, while also highlighting businesses' long-term interest in cryptocurrencies as a store of value.
Holding trend from early 2024 to present
Since the beginning of 2024, listed companies have increased their total holdings by more than 700,000 BTC, showing a continuous accumulation trend over multiple quarters.
Consecutive increases (e.g. +139,000 BTC in Q2 and +195,000 BTC in Q3) reflect sustained corporate interest, rather than short-term sporadic trades.
Which companies are buying the most Bitcoin?
The aggregate data only shows the increase in holdings of listed companies, and does not list each company in detail in this report.
Does corporate buying of Bitcoin cause the price to increase?
Large corporate purchases can impact supply and demand and support prices, but prices are influenced by many other factors such as market liquidation and macroeconomic conditions.
Can other cryptocurrencies be purchased as reserves?
This information focuses on Bitcoin; some businesses may hold other cryptocurrencies, but the scope and details require separate data to confirm.
Will this trend continue in the near future?
Accumulation trends depend on corporate financial strategies, market conditions and regulatory frameworks; historical data shows an upward trend but does not guarantee continuation.
