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Public companies scooped up more than 50,000 Bitcoin in the first quarter of 2026, pushing their collective holdings to a record 1.15 million BTC. This acquisition record highlights growing corporate adoption of Bitcoin as a treasury reserve.
According to data compiled by Bitwise Asset Management, corporate Bitcoin holdings grew 4.59% from the previous quarter, now accounting for 5.47% of Bitcoin’s total 21 million supply. The holdings were valued at $77 billion at the end of the period, reflecting an 18.96% decline in dollar terms due to price movements, with Bitcoin closing the quarter at $67,805.
The number of public companies reporting Bitcoin on their balance sheets was 187, a modest 2.09% drop quarter-over-quarter. Despite the slight reduction in participants, net purchases remained robust at 50,351 BTC during the three months.
Strategy led by a wide margin with 762,099 BTC. It was followed by XXI with 43,514 BTC, MARA Holdings at 38,689 BTC, Metaplanet with 35,102 BTC, and Bitcoin Standard Treasury Company holding 30,021 BTC.
The figures point to an institutional tilt toward Bitcoin despite market volatility, and companies appear undeterred by short-term price fluctuations, treating the asset as a long-term store of value. This corporate buying has emerged as a key driver of demand, providing more consistent support than fickle retail flows.
Bitwise noted the data draws from BitcoinTreasuries.net, company filings, news reports, and public statements, offering one of the most comprehensive snapshots of listed-company exposure to Bitcoin.
While the total value of holdings contracted with Bitcoin’s price in the quarter, the steady accumulation of coins reflects growing conviction among corporate treasurers. The trend builds on momentum seen in earlier periods, as more firms integrate Bitcoin into their financial strategies for portfolio diversification and potential upside.
Analysts at Bitwise view the first-quarter purchases as further evidence that Bitcoin is maturing into a mainstream corporate asset class, as larger players continue to add exposure and smaller participants adjust positions. This institutional accumulation could provide a floor for the market as broader adoption gains traction.