- Strategy now holds 531,644 BTC worth over $44.9B as corporate Bitcoin reserves soar to 700K BTC, signaling deeper institutional faith.
- Abraxas Capital added 2,949 BTC in four days while Strategy fuels passive flows through Nasdaq 100 inclusion and fresh acquisitions.
- With 13,000 institutions exposed to Strategy and BTC exchange reserves declining, a supply crunch could drive prices even higher.
Public companies now control nearly 700,000 BTC, according to recent data compiled by Bitwise Asset Management. Strategy (MSTR) remains the dominant holder, accounting for 77% of total corporate Bitcoin reserves. This shift marks a dramatic rise from under 200,000 BTC in 2022 to 700,000 BTC by March 31, 2025. The rapid growth reflects a broad shift in institutional sentiment, as firms continue reallocating capital from traditional markets into Bitcoin.
Strategy’s aggressive BTC accumulation strategy began in 2020 and has only intensified. The firm initially held no BTC before 2020. However, by the end of that year, it had acquired 83% of all public company Bitcoin holdings. By April 14, 2025, Strategy had raised its total stash to 531,644 BTC, valued at over $44.9 billion.
Strategy’s recent buy included 3,459 BTC, worth more than $285 million. CEO Michael Saylor hinted at this move via his usual pre-acquisition post. This practice often signals to investors and traders that a new BTC entry is imminent. As of April 20, over 13,000 institutions now have direct or indirect exposure to Strategy’s Bitcoin-linked assets.
Other Institutions Accumulate Amid Low Prices
While Strategy dominates the headlines, other firms are quietly ramping up holdings. Notably, a UK-based fund, Abraxas Capital, added 2,949 BTC in just four days. The purchases totaled over $250 million, with one single transfer of 505 BTC worth $43 million withdrawn from Binance.
Blockchain data from Arkham confirms the Abraxas wallet has experienced major inflows and outflows. These movements suggest tactical accumulation and distribution strategies over time. The wallet peaked at 7,800 BTC in December 2024 before emptying. This renewed buying pattern reflects growing confidence during current price dips.
Traditional Markets Feeding the Bitcoin Rally
Moreover, Strategy’s inclusion in the Nasdaq 100 in December 2024 has fueled passive investment. Consequently, more capital now flows from mainstream index portfolios into Bitcoin. Strategy also funds BTC buys by issuing corporate debt and equity. This model indirectly connects traditional capital markets to Bitcoin’s supply-constrained environment.
Hence, the combination of institutional momentum and reduced exchange reserves may trigger a supply crunch. As more firms follow Strategy’s lead, Bitcoin’s price could experience upward pressure driven by long-term scarcity.
