Corporate BTC Buying Surged in Q1 Despite Market Correction

Public companies have scooped up 95,431 BTC in the first quarter of 2025, the highest ever amount for a three-month period, reported asset manager Bitwise on April 14.This brought the total Bitcoin holdings for corporations to 688,000, representing around 3.3% of the total supply.Additionally, this represents a 16% increase from the previous quarter, which was also a big one for BTC accumulation. Q1, 2025 saw an increase of 18% in Bitcoin buying, with 12 new companies investing in the asset over the period, bringing the total number of corporate BTC investors to 79.Companies are buying bitcoin, Q1 2025 edition. pic.twitter.com/qZc62N8vu5— Bitwise (@BitwiseInvest) April 14, 2025Strategy Leads The PackStrategy, formerly MicroStrategy, is the clear leader, with 531,644 BTC following itsmost recent purchaseof 3,459 BTC for $286 million on April 14. This equates to around 77% of the total amount of the asset purchased by corporations.The company reported that it had acquired a total of $36 billion worth of the asset at an average price of $67,556 per BTC.MARA Holdings is the second largest corporation, with 47,531 BTC, or around 7% of the total, as of March 31, Bitwise reported.Bitcoin mining firms Riot Platforms and Cleanspark were the third and fourth largest, with 2.8% and 1.7% of the total share of corporate BTC holdings, respectively.Japanese Bitcoin investment firm Metaplanet has alsobought the dipthis week with a purchase of 319 BTC worth approximately $26 million on April 14. Although the firm has less than 1% of total corporate BTC holdings, it is the largest Bitcoin holder in Asia.The bumper buying quarter was even more remarkable since the asset had corrected by 24% from its Jan. 20 all-time high to end the three-month period at $82,350.BTC Price OutlookBitcoinprices gained1.6% on the day to reach an intraday high of $85,750 during the Tuesday morning Asian trading session.The asset has added $10,000 since its double dip to $75,000 last week and appears to be recovering despite still being down around 21% from its peak.It has now returned to the middle of a range-bound channel that began in early March after testing support as analysts eye a potential breakout to the upside.#BTCBitcoin has successfully retested the multi-month Downtrend as support for the first time$BTC #Crypto #Bitcoin https://t.co/pO2zzS12F7 pic.twitter.com/iUSHdbLe3r— Rekt Capital (@rektcapital) April 14, 2025