The surge in corporate Bitcoin holdings has ignited debate among analysts, with some warning that the growing institutional footprint in BTC could be laying the groundwork for a future market collapse.
Since early 2024, the number of corporations holding Bitcoin has jumped by 226%, with Q2 2025 alone seeing a 57.6% increase. According to data from Bitwise and Bitcoin Treasuries, over 134 companies now collectively hold 1.13 million BTC — roughly 5.4% of the total supply. Public firms hold the lion’s share, including major players like Strategy (formerly MicroStrategy), Metaplanet, ProCap BTC, and Twenty-One Capital.
Crypto educator Heidi and Black Swan Capitalist’s Versan Aljarrah have both raised concerns about the long-term sustainability of this trend. Aljarrah suggested that the influx of retail interest is being encouraged to serve as “exit liquidity” for institutions preparing to offload positions if markets turn.
“If there’s a reversal, it won’t be slow — it could get brutal,” Heidi warned in a recent post.
Analysts at Sygnum echoed the risk, noting that a mass sell-off by institutions could trigger heightened volatility and deteriorating market sentiment. A sell from Strategy’s Michael Saylor — who controls 2.8% of BTC’s supply — was even described as a potential market-shaking event.
Still, not all view the institutional rise as a red flag. Bitcoin advocates argue that companies are simply seeking refuge from inflation, choosing BTC as a long-term store of value. Joe Burnett, Director of Bitcoin Strategy at Semler Scientific, predicts Bitcoin will form the backbone of corporate finance over the next decade.
Saylor, for his part, continues to double down — reportedly planning to never sell and even suggesting he might destroy his private keys posthumously.
As more companies adopt BTC as a treasury asset, the debate intensifies: is this the beginning of a financial revolution — or the setup for a painful correction?
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/is-bitcoins-corporate-surge-a-bubble-in-the-making/