Bitcoin Holdings Surge 16% Among Public Firms
15 Apr, 2025 ● Coin news
The volume of Bitcoin held by publicly traded companies increased by 16.1% during the first quarter of 2025, according to crypto fund issuer Bitwise.
By the end of Q1, total corporate Bitcoin holdings reached approximately 688,000 BTC, with companies adding 95,431 BTC over the three-month period, Bitwise shared in an April 14 post on X.
The combined value of these Bitcoin holdings rose by 2.2%, reaching around $56.7 billion, based on an average Bitcoin price of $82,445, the firm added.
Bitwise also reported that the number of public firms holding Bitcoin rose to 79, with 12 companies purchasing Bitcoin for the first time during the quarter.
The most significant newcomer was Hong Kong construction firm Ming Shing, whose subsidiary Lead Benefit acquired 833 BTC — split between a 500 BTC purchase in January and a 333 BTC follow-up in February.
Another notable first-time buyer was Rumble, a YouTube alternative popular among far-right users, which acquired 188 BTC in mid-March.
HK Asia Holdings Limited, a Hong Kong-based investment firm, also entered the market with a modest single Bitcoin purchase in February.
Despite the small buy, the announcement led to a near doubling of its share price in one trading session.
Japanese investment firm Metaplanet announced on April 14 that it had purchased 319 Bitcoin at an average price of 11.8 million yen (approximately $82,770 per coin).
This brings its total Bitcoin holdings to 4,525 BTC, valued at $383.2 million.
To date, the company has spent 58.145 billion yen (nearly $406 million) to acquire its current Bitcoin holdings.
As of April 15, Metaplanet (3350) was trading down 0.5% at midday on the Tokyo Stock Exchange after closing up 3.71% the previous day, according to Google Finance.
The firm’s latest purchase solidifies its position as the tenth-largest public company by Bitcoin holdings, just behind Jack Dorsey’s Block, Inc., which holds 8,485 BTC, according to Coinkite.
Bitcoin is currently trading at around $84,440, with little price movement over the past 24 hours, according to CoinGecko.
The price is up about 2.3% since the end of Q1 on March 31, having recovered from a dip below $75,000 on April 7 amid market turbulence triggered by newly imposed global tariffs from the United States.
Sources:
https://cointelegraph.com/news/bitcoin-holdings-public-firms-up-16-percent-q1-2025
https://x.com/BitwiseInvest/status/1911843925943337203
