In a notable development for the cryptocurrency market, publicly traded companies augmented their Bitcoin holdings by 16.1% during the first quarter of 2025, underscoring persistent institutional interest in the leading digital asset amid ongoing market fluctuations.
According to data compiled by crypto asset management firm Bitwise, total corporate Bitcoin holdings reached approximately 688,000 BTC by the close of Q1, with companies collectively acquiring 95,431 BTC over the three-month span.
The aggregate value of these Bitcoin assets was estimated at $56.7 billion, based on the Q1 closing price of $82,445 per Bitcoin, marking a 2.2% rise in overall value.
Increase in Public Companies Holding Bitcoin, 12 New Participants
The number of public companies holding Bitcoin has increased from 67 to 79, with 12 firms making their initial Bitcoin purchases during this quarter.
Among the newcomers is Ming Shing, a construction group based in Hong Kong, whose subsidiary Lead Benefit acquired a total of 833 BTC across two separate transactions.
Video platform Rumble also made headlines by purchasing 188 BTC in March.
Interestingly, HK Asia Holdings Limited, an investment firm from Hong Kong, bought just one Bitcoin in February but saw its share price nearly double following the news.
Meanwhile, Japanese company Metaplanet added 319 BTC at an average cost of 11.8 million yen ($82,770) per coin, raising its total holdings to 4,525 BTC, valued at around $383.2 million.
To date, Metaplanet has invested nearly $406 million in Bitcoin purchases. Following their announcement, the firm’s stock saw a 3.71% increase on April 14, although it slightly declined the following trading day.
With this latest acquisition, Metaplanet has moved up to become the tenth-largest public holder of Bitcoin, just after Block, Inc., the fintech company founded by Jack Dorsey, which holds 8,485 BTC, as noted by Coinkite data.
Companies are buying bitcoin, Q1 2025 edition. pic.twitter.com/qZc62N8vu5
— Bitwise (@BitwiseInvest) April 14, 2025
As of April 15, Bitcoin’s price has remained fairly stable, trading around $84,440, according to CoinGecko. The cryptocurrency has shown a recovery of approximately 2.3% since the end of March, after experiencing a temporary decline below $75,000 on April 7 due to renewed global tariff tensions.
The continuing accumulation of Bitcoin by public companies signals an increasing confidence in the long-term value of the asset, even in the face of regulatory challenges and macroeconomic uncertainties.
Bitcoin Reserve Bills Emerging in 26 States
The push towards Bitcoin adoption is also gaining traction at the state level in the United States.
Data from Bitcoin Law indicates that 47 Bitcoin reserve bills have been introduced in 26 states, with 41 currently active. Recently, Kentucky’s Governor Andy Beshear signed House Bill 701, known as the “Bitcoin Rights” bill, officially enshrining protections for users and operations involving digital assets.
Other states are following a similar path: Oklahoma’s Strategic Bitcoin Reserve Act (HB 1203), proposed by Representative Cody Maynard, was recently passed by the House with a significant 77-15 vote and is now awaiting a decision from the Senate.
According to Bitcoin Laws, Oklahoma is now vying with Texas to establish state-level Bitcoin reserves.
Missouri is also engaging in the discussion, with its Special Committee on Intergovernmental Affairs currently evaluating its own Bitcoin reserve proposal.
In Arizona, two significant Bitcoin bills have advanced, having cleared the House Rules Committee on March 24.
The momentum for Bitcoin advocacy at a state level signifies an evolving landscape for cryptocurrencies across the U.S.
The post Public Companies Boost Bitcoin Holdings by 16% in Q1 2025: Bitwise appeared first on Finance Newso.
