Public companies collectively held 1.15 million BTC at the close of Q1 2026, a 4.6% increase from the prior quarter. Strategy, MARA, and Metaplanet were among the leading buyers driving the accumulation, continuing a trend of balance-sheet Bitcoin adoption that has accelerated steadily over the past year.
The milestone is significant: corporate treasuries now represent a meaningful and growing share of circulating supply, with buying that appears systematic rather than opportunistic. Each quarterly uptick tightens the available float, adding a structural bid beneath spot price that complements ETF inflows on the institutional side.