Corporate Bitcoin reserves have reached 1.26 million coins: Strategy dominates with a 67% share
Public companies around the world continue to confidently accumulate bitcoin, and the latest data on corporate reserves clearly confirms this. According to my calculations, based on aggregated indicators from leading trackers, the top 100 public corporations currently hold a total of 1,264,867 BTC. This is equivalent to approximately 6.02% of the maximum supply of the first cryptocurrency at 21 million coins.
Structure of Corporate Demand: A Strategic Imbalance
The key conclusion I draw from these figures is the enormous concentration of assets. The absolute leader remains Strategy (formerly MicroStrategy), which holds 847,363 BTC on its balance sheet. This is more than 19 times the reserves of its closest competitor. In essence, this single company accounts for about 67% of all corporate bitcoin reserves among public players.
In second place is Twenty One Capital with 43,514 BTC, and rounding out the top three is Japan's Metaplanet, which owns 43,000 BTC. Next are mining company MARA Holdings (36,303 BTC) and Bitcoin Standard Treasury Company (30,021 BTC). The top ten also includes Bullish (24,300 BTC), Strive (19,864 BTC), SpaceX (18,712 BTC), Coinbase Global (16,492 BTC), and Riot Platforms (15,680 BTC).
Market Analysis and Outlook
Such a high concentration of bitcoin with a single dominant player creates an interesting dynamic. On one hand, it demonstrates the maturity and depth of corporate demand. On the other hand, Strategy's decisions, whether to buy or sell, can have a disproportionately strong impact on the market, especially during periods of low liquidity.
The list of holders spans diverse sectors, from specialized treasury structures to miners and crypto exchanges. This suggests that bitcoin is perceived not merely as a speculative asset, but as a strategic reserve for the balance sheets of various types of companies.
My expert opinion: Future dynamics will depend on two factors. First, whether Strategy will continue to expand its dominance or whether we will see diversification among other large corporations. Second, whether the market can absorb potential sales from major holders without significant price shocks. For now, the accumulation trend remains steady, and this is a positive signal for long-term investors.