Bitcoin Treasuries Surpass $110 Billion as Spot ETFs Spark Corporate Crypto Rush

• Strategy Inc., Trump Media, and others drive the surge in Bitcoin holdings.
• Institutional adoption reaches new heights following ETF approvals.

On August 19, 2025, Forbes reported that publicly traded companies have collectively amassed over $110 billion in Bitcoin and other digital assets, signifying a transformative milestone in the corporate embrace of cryptocurrencies. This rapid growth stems from the approval of spot Bitcoin exchange-traded funds (ETFs) in January 2024, which ignited a wave of institutional enthusiasm for crypto as an asset class.

Data from Bitcoin Treasuries.net reveal that over 950,000 Bitcoins, valued at more than $110 billion, are currently held by 152 publicly listed companies. Corporate treasuries have adopted crypto strategies for reasons such as portfolio diversification, hedging against inflation, and appealing to younger demographics. Market data also indicates that companies’ announcements of crypto holdings frequently lead to positive stock market reactions, reflecting investor confidence in these forward-looking strategies.

Leading the pack is Strategy Inc., which has positioned itself as the premier corporate Bitcoin holder with an estimated $73 billion in crypto reserves—a strategy widely seen as showcasing its first-mover advantage. Other notable players include Trump Media, which boasts a $2 billion Bitcoin treasury, and Anchorage Digital, which manages $1.5 billion in cryptocurrency on behalf of World Liberty Financial, an institution with ties to Trump’s business network. Additionally, Nakamoto Holdings, recently listed through a SPAC transaction, holds digital assets worth $760 million.

Wall Street’s involvement has accelerated this shift, with financial institutions stepping in to provide essential services. For example, Morgan Stanley recently facilitated a $722 million preferred stock offering for Strategy Inc., securing approximately $10 million in underwriting fees. Cryptocurrency custody providers such as Anchorage Digital and BitGo have also seen an explosion in demand. BitGo, which scarcely had a treasury management division six months ago, now counts it as a growing revenue source, according to Adam Sporn, head of the firm’s prime brokerage and institutional sales division in the United States.

As of August 19, 2025, at 15:08 UTC, Bitcoin (BTC) is trading at $113,646.71, marking a 1.68% decline in its 24-hour trading volume, according to CoinMarketCap.