Bitcoin Treasuries Have Grown 448% Since Jan 2023: Here’s How Much They Hold Now
Data reveals Bitcoin treasury firms have seen an explosive development trajectory since 2023, gaining relevance as an vital pillar of the market.
Public & Private Companies Now Hold More Than A Million Bitcoin
In a brand new post on X, on-chain analytics agency Glassnode has talked in regards to the pattern within the Bitcoin treasuries held by private and non-private firms. Below is the chart shared by Glassnode that reveals adjustments in each the holdings of the assorted firms in addition to their mixed steadiness.
As is seen within the graph, Bitcoin treasuries held by firms noticed sluggish, however regular development throughout 2023 and most of 2024, however in late 2024, the expansion grew to become rather more speedy.
This sharp trajectory continued into 2025 and up to now, with the 12 months’s finish approaching, the uptrend hasn’t pale. This would counsel that corporates have been accumulating BTC at a big tempo for a 12 months now.
In January 2023, the scale of the Bitcoin holdings that non-public and public corporations held stood at 197,000 BTC. Today, that determine has grown to 1.08 million BTC, implying an enormous leap of about 448%.
Today, there are about 19.96 million tokens in circulation, so greater than 5.4% of the cryptocurrency’s provide is sitting within the treasuries of private and non-private firms. “Corporate steadiness sheets have gotten an more and more important pillar of demand for BTC,” famous the analytics agency.
A significant power behind the rise in Bitcoin company holdings is of course Strategy (previously MicroStrategy). The Michael Saylor-led agency has been an everyday presence available in the market for a while now, collaborating in shopping for nearly each week and making no gross sales since December 2022.
Strategy at present owns about 660,624 BTC, which signifies that the treasury firm alone accounts for over 61% of all BTC holdings connected to private and non-private corporations.
While Strategy has been an enormous issue behind the surge in company holdings, it hasn’t been the one one. 2025 has seen the rise of treasuries like Metaplanet, which have additionally contributed to development in BTC treasuries.
The 12 months has additionally witnessed a treasury motion associated to altcoins, with each Ethereum and Solana seeing a big quantity of accumulation. ETH treasuries went by way of some sharp development in mid-2025, however in the course of the latest part of worth decline, shopping for has slowed down.
That stated, it hasn’t hit a whole pause, as institutional DeFi options supplier Sentora has identified in an X post that Ethereum treasuries added a big quantity throughout November.
As displayed within the above chart, Ethereum treasuries added 309,000 ETH throughout November, and up to now in December, they’ve collected one other 100,000 ETH.
BTC Price
Bitcoin surged to $94,500 on Tuesday, however the cryptocurrency has since confronted a drawdown because it’s now again at $92,200.
