The Growing Trend of Crypto Adoption in Corporate Treasuries
Grayscale's June report highlights a significant shift: U.S.-listed spot Bitcoin ETPs have emerged as the most substantial new demand source for Bitcoin since its inception. In May alone, these products saw $5.2 billion in net inflows. Over the coming months, publicly traded companies ("Bitcoin Vault" firms) may match or even surpass spot Bitcoin ETP purchases.
This article explores the major corporations accumulating crypto assets and examines the motivations behind this strategic shift.
Major Players in the Crypto Treasury Space
Bitcoin (BTC) Holders
Strategy (formerly MicroStrategy)
- 592,345 BTC ($630.18 billion market cap)
- Strategy pioneered corporate Bitcoin adoption in 2020, positioning BTC as a long-term inflation hedge and "digital gold treasury."
- As of June 24, the firm holds $630.18B in BTC**, yielding **$131.33B in unrealized gains since 2024.
MARA Holdings
- 49,678 BTC ($52.85B market cap)
- A leading Bitcoin mining firm, MARA adopts a HODL strategy, leveraging equity raises to accumulate more BTC.
Twenty One Capital
- 37,230 BTC ($39.6B market cap)
- Backed by Tether, Bitfinex, and Cantor Fitzgerald, the firm plans to introduce proof-of-reserves for transparency.
Riot Platforms
- 19,225 BTC ($20.45B market cap)
- Focuses on large-scale mining while maintaining BTC as a core asset.
Galaxy Digital
- 12,830 BTC ($13.64B market cap)
- CEO Mike Novogratz predicts BTC will replace gold, reaching $1M per coin.
Tesla
- 11,509 BTC ($12.24B market cap)
- Tesla’s 2021 BTC purchase marked a watershed moment for institutional crypto adoption.
Metaplanet Inc.
- 11,111 BTC ($11.82B market cap)
- Aims to hold 21,000 BTC by 2026, positioning itself as Asia’s largest corporate Bitcoin holder.
Ethereum (ETH) Holders
SharpLink
- 188,000 ETH ($4.59B market cap)
- Ethereum co-founder Joseph Lubin supports SharpLink’s ETH accumulation for long-term shareholder value.
Solana (SOL) Holders
Upexi
- 596,714 SOL ($87.12M market cap)
- Implements staking strategies to maximize returns.
Janover Inc.
- 317,273 SOL ($46.32M market cap)
- A traditional fintech firm transitioning into crypto via Solana investments.
SOL Global Investments
- 260,000 SOL ($37.96M market cap)
- Aims to become a "Solana super company" by investing heavily in SOL and its ecosystem.
BNB Holders
Build & Build Corporation
- Plans to acquire $100M in BNB, mirroring MicroStrategy’s Bitcoin strategy.
Nano Labs
- Raising $500M** to purchase **$1B in BNB, targeting 5-10% of BNB’s circulating supply.
Other Altcoins
SRM Entertainment
- Secured $100M funding to launch a TRX (Tron) treasury.
Lion Group
- Building a $600M crypto vault with Hyperliquid (HYPE), Solana, and Sui tokens.
Everything Blockchain
- Investing $10M in SOL, XRP, SUI, TAO, and HYPE for staking-focused returns.
Why Corporations Are Embracing Crypto Treasuries
1. Regulatory Clarity
- U.S.: BTC classified as a commodity (CFTC) or security (SEC).
- EU: MiCA framework ensures transparency and compliance.
- Japan/Singapore: Recognize crypto as legal assets.
2. Inflation Hedge
- Bitcoin’s fixed supply (21M) and halving mechanism reduce inflation risk (1.7% current, dropping to 0.85% post-2024 halving).
3. Market Expansion
- Firms like Tesla saw 10% stock surges post-BTC adoption, signaling Web3 market leadership.
4. Crypto’s Growth Potential
- BTC surged from $0 (2009) to $110K (2025).
- Cathie Wood predicts 15x growth in 5 years.
👉 Discover how leading firms leverage crypto for growth
FAQs
Q: Which company holds the most Bitcoin?
A: Strategy (formerly MicroStrategy) leads with 592,345 BTC ($630B valuation).
Q: Why do corporations buy Bitcoin instead of gold?
A: BTC’s scarcity, portability, and decentralization make it a superior inflation hedge.
Q: How do firms benefit from holding altcoins like SOL or ETH?
A: Staking rewards, ecosystem growth, and early-mover advantages in Web3.
👉 Explore corporate crypto strategies further
This deep dive into corporate crypto adoption reveals a seismic shift in treasury strategies—one where digital assets redefine financial resilience.