The corporate coin hoarding craze has erupted! In Q3, 48 new companies have added Bitcoin holdings, with a total value exceeding 117 billion USD, revealing a potential BTC supply crisis.

The adoption of digital assets by enterprises is accelerating. Data shows that in the third quarter of 2025 (from July to September), an additional 48 listed companies will incorporate Bitcoin into their treasury, bringing the total to 172 companies, an increase of 38%. This has increased the total value of Bitcoin held by enterprises to $117 billion, with a total holding of over one million coins, accounting for approximately 4.87% of the circulating supply of Bitcoin. Analysts believe that this trend indicates that large participants are “doubling down” on Bitcoin, using it as a long-term store of value, and anticipate that this accumulation will create sustained upward pressure on mid to long-term price movement.

Q3 Coin Hoarding Report: 172 companies hold $1170 billion Bitcoin

A report from Bitwise shows that companies are rapidly integrating Bitcoin into their financial management strategies, marking the maturation of Bitcoin as a mainstream asset.

· 38% growth rate

According to data from BitcoinTreasuries.NET cited by Bitwise, in the third quarter of 2025, an additional 48 publicly traded companies added Bitcoin to their balance sheets, bringing the total number of companies to 172, with a quarterly growth rate of 38%.

· Total value and supply ratio

The total value of Bitcoin held by enterprises has increased to 117 billion USD, with a month-on-month growth of over 28%. The total amount of Bitcoin held has exceeded 1 million coins, accounting for nearly 4.87% of the circulating supply of Bitcoin.

· Companies embrace long-term store of value

Bitwise CEO Hunter Horsley called the discovery “absolutely extraordinary” and emphasized that both individuals and businesses want to own Bitcoin.

Analyst Rachael Lucas pointed out that this growth indicates that companies have adopted a strategic long-term approach, integrating Bitcoin into their treasury management strategies, rather than seeking short-term speculative gains.

Coin Hoarders and Market Impact: OTC Quietly Accumulating to Drive Up Long-Term Prices

Leading enterprise holders are continuously increasing their holdings, and this accumulation method is quietly affecting the supply and demand balance of Bitcoin.

· Position leaderboard and continuous purchases

Michael Saylor's strategy remains the largest corporate Bitcoin treasury, with a recent increase bringing the holdings to 640,250 BTC. Crypto mining company MARA Holdings ranks second with 53,250 BTC.

Analyst Lucas emphasized that as more companies and even sovereign entities adopt Bitcoin, this momentum may continue.

· OTC accumulation and price upward pressure

Analyst Lucas explained that most corporate purchases are made through over-the-counter (OTC) trading, a “quieter form of accumulation,” which minimizes short-term fluctuations.

MHC Digital Group Market Director Edward Carroll stated that the surge in corporate demand may lead to a supply-demand imbalance, which is expected to exert ongoing upward pressure on the price movement in the medium to long term.

· Average daily acquisition volume of enterprises

According to a report by River, companies are acquiring an average of 1,755 Bitcoins per day this year, far exceeding the average daily production of 900 BTC by miners, further highlighting the influence of corporate investors.

ETF Effect and Market Maturity: Establishing Mainstream Asset Status

The rise of Bitcoin ETF and the clarity of regulation are opening the door for broader institutional adoption, accelerating its transition to a mainstream asset class.

· ETFs open new avenues for mainstream investment

The rise of Bitcoin ETFs provides mainstream investors with a familiar and regulated entry point, attracting those who were previously reluctant to buy Bitcoin directly.

The US spot Bitcoin ETF recorded a weekly net inflow of $2.71 billion in October, supporting price discovery and institutional confidence.

· Transformation towards strategic treasury components

Corporate strategies now often regard Bitcoin as a treasury asset alongside cash, bonds, and other traditional holdings. This deepening of institutional participation signifies that Bitcoin is transitioning from a speculative asset to a strategic treasury component.

Conclusion

In just three months, an additional 48 companies have added Bitcoin to their holdings, with total holdings surpassing $117 billion, which is a strong testament to growing corporate confidence in digital assets. The large-scale OTC accumulation by companies like Strategy and MARA Holdings is quietly reducing the circulating supply in the market, which is expected to exert sustained upward pressure on the medium to long-term price movement of Bitcoin. With the proliferation of ETFs and increased regulatory clarity, Bitcoin has firmly established its position as a mainstream financial asset, laying a solid foundation for broader financial innovation in the future.

This article is for informational purposes only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make cautious decisions.