Data Exclusive: Bitcoin Treasury Buying Hits 2025 Lows

This preview highlights key findings from the upcoming BitcoinTreasuries.net October Corporate Bitcoin Adoption Report.

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Public Bitcoin treasury companies continued to stack Bitcoin in October by adding over 14,400 BTC, while private companies added approximately 3.5 BTC.

October purchases and additions bring public company holdings above 1.05 million BTC.

Additions are down sharply from September, when we saw public treasuries add over 38,035 BTC and private treasuries add 8,151 BTC for approximately 46,187 BTC ($5.3 billion) added.

Several factors could contribute to reduced buying. Recent across-the-board declines in mNAV, stock value, and other metrics may cause treasuries to ease their buying strategies. Furthermore, high Bitcoin prices and challenges in raising funds can make treasuries an expensive strategy — and broader skepticism may turn some companies away from the trend.

Yet steady accumulation has paid off. As Bitcoin prices hit $115,907 on Oct. 28, public treasury holdings were worth close to $122 billion. That’s 1.85x growth in USD value since the end of January against a 1.7x increase in Bitcoin holdings over the same period.

BitcoinTreasuries.net now records:

• 4.05 million BTC tracked across all categories

• 1.05 million BTC held by public companies

• 279,185 BTC held by private companies

Several companies topped charts with large additions in October:

• Metaplanet purchased 5,268 BTC in October, roughly matching its September additions.
  

• Coinbase disclosed the addition of 2,772 BTC over three months.
  

• The Trump family’s American Bitcoin bought 1,422 BTC in October.
  

• Strategy resumed Bitcoin buying and added 777 BTC over multiple purchases.

The BitcoinTreasuries.net September Corporate Bitcoin Adoption Report revealed corporate Bitcoin treasury buying remained strong for the month, with leading firms maintaining disciplined strategies despite declines in their public equity valuations.

Institutional ownership and fundraising surged, highlighting continued sector growth and maturity. Altcoin treasuries such as Ethereum and Solana are also gaining traction, signaling greater diversification across digital asset strategies.

We’re set to publish our monthly report in the coming weeks, focusing on “digital credit” strategies, signs of a future value recovery, and growing corporate altcoin holdings — all while providing new insights from experts in the crypto sector.

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