Corporates hold 1.26M BTC after record Q2 buying
Public companies and institutional players are aggressively accumulating Bitcoin as a treasury asset, pushing collective corporate holdings above 1.26 million BTC.
Publicly traded firms acquired 110,000 BTC in Q2 2026, 1.8x their combined haul from the prior two quarters, pushing total corporate holdings above 1.26 million BTC worth roughly $79 billion, representing over 6% of total supply. Year-to-date through early July, public companies added a net 166,984 BTC while miners produced only ~81,153 BTC, meaning corporate demand is absorbing new supply at roughly double the rate of production. Strategy remains the dominant holder with approximately 843,775–847,000 BTC.
Corporates buying faster than miners can dig
Public companies are now absorbing Bitcoin at twice the rate they are being mined into existence. Six percent of the entire supply is sitting on balance sheets.
It looks bullish but is it?
Strategy alone holds two-thirds of all corporate Bitcoin, funded by roughly $16 billion in obligations that don't shrink if the price does.
Bitcoin in a treasury vault and Bitcoin pledged against preferred dividends are not the same thing. The supply is concentrated; the obligations are fixed; the exit is narrow. It's something to think about.
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