The number of public companies holding at least 1,000 Bitcoin has more than doubled to 49 firms by the end of 2025, a significant increase from the 22 companies recorded at the close of 2024. This data comes from Fidelity Digital Assets' 2026 Look Ahead report.
These 49 companies now collectively control nearly 5% of Bitcoin's total 21 million supply. Strategic investors account for approximately 80% of all Bitcoin reserves held by these corporations.
This substantial surge in corporate Bitcoin holdings occurred even though Bitcoin's price ended 2025 virtually flat, following a year characterized by strong gains and multiple all-time highs.
Key Trends in Corporate Bitcoin Holdings
Fidelity's research team categorized companies holding Bitcoin into three distinct groups: Native (18 firms), Strategic (12 firms), and Traditional (19 firms).
Strategic companies, which have specifically adopted Bitcoin-focused treasury strategies to accumulate the asset, hold an average of 12,346 BTC per company. This average is significantly higher than that of Native companies, which hold an average of 7,935 BTC, and Traditional firms, which hold an average of 4,326 BTC.
The report indicates that "Strategic companies are likely to continue building bitcoin reserves, while more Traditional companies will make the leap into bitcoin."
These findings suggest that traditional corporations operating outside the cryptocurrency ecosystem are increasingly allocating their treasury funds to Bitcoin, viewing it as a valuable reserve asset.
Broader Implications for 2026
Fidelity researchers anticipate that 2026 will be a pivotal year for "token holder rights go mainstream," as protocols increasingly implement revenue-sharing mechanisms, such as buybacks.
Platforms like Hyperliquid and Pump.fun have already demonstrated this trend, directing 93% and $208 million, respectively, of their trading revenue toward token buybacks over the past year.
The report also highlights potential shifts in Bitcoin mining economics. Competition for energy infrastructure is intensifying, driven in part by the demand from artificial intelligence data centers.
Significant commercial agreements underscore this trend. Amazon Web Services has signed a 15-year, $5.5 billion lease with Cipher Mining, while Iren Limited has announced a $9.7 billion cloud services contract with Microsoft.
"In 2026, we could see hash rate flattening as major miners halt expansion and possibly scale back operations in favor of more profitable AI hosting revenue," stated Fidelity analyst Zack Wainwright.
Furthermore, Bitcoin's correlation with global M2 money supply growth suggests potential upside if monetary easing accelerates in 2026. However, significant risks persist, including persistent inflation and geopolitical tensions, which could act as macro headwinds.