Big companies went on a Bitcoin buying spree in the first quarter of 2025!
The Bitcoin Bonanza
Publicly traded companies added almost 100,000 Bitcoin to their holdings, bringing the total to a whopping 688,000 BTC – that’s about $56.7 billion! This is a 16% jump in total crypto holdings for these companies, according to Bitwise.
New Kids on the Block
It wasn’t just the usual suspects buying Bitcoin. Twelve companies jumped into the Bitcoin game for the first time this quarter, bringing the total number of Bitcoin-holding public companies to 79. Some notable new buyers include:
- Ming Shing (Hong Kong): This construction firm’s subsidiary, Lead Benefit, bought a total of 833 BTC in two separate purchases.
- Rumble (Video Platform): Added 188 BTC to its treasury.
- HK Asia Holdings Limited (Hong Kong): Made headlines by buying just
one Bitcoin, which somehow almost doubled its share price in a day!
Existing Players Double Down
Companies already holding Bitcoin also increased their stakes. Metaplanet, a Japanese investment firm, bought another 319 BTC, bringing its total to 4,525 BTC (worth roughly $383.2 million). This makes them the 10th largest public company Bitcoin holder, trailing only Block, Inc. (Jack Dorsey’s company).
Bitcoin Price Rebounds
The price of Bitcoin was around $85,787 on April 15th, up about 2.5% since the end of Q1. It had a small dip below $75,000 in early April after some global trade issues, but it quickly recovered.
Why the Bitcoin Rush?
The increasing corporate interest in Bitcoin seems to be driven by a desire to diversify investments and add a new asset to their portfolios. The total value of Bitcoin held by public companies rose by about 2.3% during Q1, reaching almost $57 billion.
