Bitcoin Adoption Spikes Among Public Companies As They Join the Crypto Adventure Train

Guess what, folks? It looks like the corporations have finally decided to dive into the wild world of cryptocurrency — albeit with their life jackets and floaties firmly fastened. According to crypto fund issuer Bitwise, publicly traded companies holding Bitcoin achieved quite the stunning financial glow-up, with holdings increasing by a dizzying 16.1% in the first quarter of 2025. I mean, who wouldn’t want a slice of that Bitcoin pie?

The Bitcoin Hype Conference

Bitcoin is clearly the new office water cooler topic — with more public companies joining the conversation than bathroom gossip about the new intern. The number of companies with Bitcoin on their books rose to a jaw-dropping 79. And you won’t believe it, but a whopping 12 firms, who had previously only whispered "blockchain" behind closed doors, boldly stepped into the limelight as first-time crypto adopters.

Meet the Newcomers!

• Ming Shing: This Hong Kong construction firm's subsidiary, Lead Benefit, bought 833 BTC. Bricks and mortar? More like bits and blocks.
• Rumble: The YouTube alternative platform secured 188 BTC — guess video content isn't the only thing that's streaming.
• HK Asia Holdings Limited: This firm made headlines with just one Bitcoin purchase which apparently was powerful enough to nearly double their share price. Talk about the little cryptocurrency that could!

Bitcoin's Influence: The Money Mountain Grows

All this enthusiasm boosted the grand total of Bitcoin to a heroic 688,000 BTC by the end of Q1, after companies decided that adding 95,431 BTC to their balance sheets would be a solid career move. Surprise, surprise, this has caused the delicious pie of Bitcoin to reach a total value of $56.7 billion. Let's be honest, it's enough money to make Scrooge McDuck jealous.

Who's the Coolest Kid on the Bitcoin Block?

1. Jack Dorsey's Block, Inc.: Leading the charge with 8,485 BTC, because having the founder of Twitter and Square also pioneering the Bitcoin world just writes itself.
2. Metaplanet: With an extra helping of 319 BTC purchased, they're lounging in tenth place, taking in the Bitcoin sun rays.

Despite the glitter of Bitcoin success stories making Bitcoin investors feel like they have a golden ticket to Willy Wonka's factory, not everyone is drinking the orange Kool-Aid. CoinShares gave us a little splash of reality by revealing that digital asset exchange-traded products (ETPs) saw outflows of $795 million. Oopsie!

The Long and Short of It

Who would have thought that Bitcoin could stir the corporate pot of gold so effectively that even boardrooms are starting to look a bit like a flashy cryptocurrency leaderboard? While everyone is busy counting coins and making attempts to "hodl" like a true crypto veteran, one thing's for sure — the Bitcoin train only seems to be picking up steam. Next stop, planet moon?