According to a new report released by River Financial, enterprises have become the main driving force behind the Bitcoin bull run in 2025, currently the proportion of enterprise Bitcoin holdings exceeds 6% of its total supply.
The report found that in just the first eight months of 2025, corporate Bitcoin inflows exceeded last year's total by $12.5 billion, with a cumulative Holdings of 1.3 million BTC.
This scale has increased 21 times compared to 2020. In contrast, individuals remain the main holders of Bitcoin, accounting for 65.9% of the total supply, while the remaining portion is held by funds, governments, and other entities.
According to River's data, since January 2024, Bitcoin treasury companies (businesses primarily established to hold large reserves of Bitcoin) have contributed 76% of Bitcoin purchases. These companies collectively manage over $100 billion in stocks, bonds, and other securities related to Bitcoin exposure.
In addition, the report emphasizes that traditional industry companies such as real estate, healthcare, construction, and software are increasingly incorporating Bitcoin into their treasury assets.
The report points out: "Bitcoin is no longer limited to miners or crypto-native enterprises."
The report mentions that currently, 3,000 American companies are using River's services, most of which are small and medium-sized enterprises with fewer than 50 employees. These companies often allocate a significant portion of their income to Bitcoin to hedge against inflation and banking risks.
On average, companies allocate 22% of their net profits to Bitcoin, and nearly one-third of companies currently hold more than half of their treasury reserves in Bitcoin.
River attributes this trend to Bitcoin's fixed supply, around-the-clock liquidity, and its ability to withstand counterparty risk, especially highlighted after several high-profile bank failures in recent years.
In addition, the report states that improved clarity in regulation and accounting has also removed major obstacles: particularly after the update of the Generally Accepted Accounting Principles (GAAP) standards in 2024, companies can account for Bitcoin at fair market value, which removes the key obstacle that existed previously.
At the same time, the U.S. government established a strategic Bitcoin reserve earlier this year, further strengthening the legitimacy of Bitcoin in the business world. States like Texas and New Hampshire have also passed legislation to plan for their own Bitcoin reserves.
Despite the significant increase in corporate Bitcoin investments, currently, the proportion of companies holding Bitcoin globally is still less than 1%.
River stated that public awareness remains the biggest obstacle, with multiple surveys showing that many corporate executives still lack a basic understanding of Bitcoin.
However, River predicts that as more companies publicly share their treasury strategies, Bitcoin will gradually become a standard component of corporate balance sheets.
The report states: "We believe that all companies will eventually hold Bitcoin on their balance sheets while continuing to use the US dollar for payments."
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Report: In 2025, corporate Bitcoin holdings will exceed 1.3 million coins, accounting for 6% of the total supply.
According to a new report released by River Financial, enterprises have become the main driving force behind the Bitcoin bull run in 2025, currently the proportion of enterprise Bitcoin holdings exceeds 6% of its total supply.
The report found that in just the first eight months of 2025, corporate Bitcoin inflows exceeded last year's total by $12.5 billion, with a cumulative Holdings of 1.3 million BTC.
This scale has increased 21 times compared to 2020. In contrast, individuals remain the main holders of Bitcoin, accounting for 65.9% of the total supply, while the remaining portion is held by funds, governments, and other entities.
According to River's data, since January 2024, Bitcoin treasury companies (businesses primarily established to hold large reserves of Bitcoin) have contributed 76% of Bitcoin purchases. These companies collectively manage over $100 billion in stocks, bonds, and other securities related to Bitcoin exposure.
In addition, the report emphasizes that traditional industry companies such as real estate, healthcare, construction, and software are increasingly incorporating Bitcoin into their treasury assets.
The report points out: "Bitcoin is no longer limited to miners or crypto-native enterprises."
The report mentions that currently, 3,000 American companies are using River's services, most of which are small and medium-sized enterprises with fewer than 50 employees. These companies often allocate a significant portion of their income to Bitcoin to hedge against inflation and banking risks.
On average, companies allocate 22% of their net profits to Bitcoin, and nearly one-third of companies currently hold more than half of their treasury reserves in Bitcoin.
River attributes this trend to Bitcoin's fixed supply, around-the-clock liquidity, and its ability to withstand counterparty risk, especially highlighted after several high-profile bank failures in recent years.
In addition, the report states that improved clarity in regulation and accounting has also removed major obstacles: particularly after the update of the Generally Accepted Accounting Principles (GAAP) standards in 2024, companies can account for Bitcoin at fair market value, which removes the key obstacle that existed previously.
At the same time, the U.S. government established a strategic Bitcoin reserve earlier this year, further strengthening the legitimacy of Bitcoin in the business world. States like Texas and New Hampshire have also passed legislation to plan for their own Bitcoin reserves.
Despite the significant increase in corporate Bitcoin investments, currently, the proportion of companies holding Bitcoin globally is still less than 1%.
River stated that public awareness remains the biggest obstacle, with multiple surveys showing that many corporate executives still lack a basic understanding of Bitcoin.
However, River predicts that as more companies publicly share their treasury strategies, Bitcoin will gradually become a standard component of corporate balance sheets.
The report states: "We believe that all companies will eventually hold Bitcoin on their balance sheets while continuing to use the US dollar for payments."