Corporate Treasuries Now Hold 1 Million BTC as Institutions Pile In
Market observers say corporate treasuries and large exchange-linked whales collectively hold about 1 million BTC as of Nov 30, 2025, marking a notable shift toward institutional and corporate allocation. Reported participants range from major banks such as J.P. Morgan to high-balance Coinbase-linked accounts, reflecting broader confidence in Bitcoin as a treasury and diversification tool amid uncertain macro conditions.
This accumulation tightens the available float and could lend structural support to prices, while also concentrating holdings and inviting greater regulatory and disclosure scrutiny. For traders and long-term investors, the trend underscores institutions’ growing role in price discovery and means on-chain flows, custody practices, and corporate reporting will be watched closely for signs of sustained buying or potential unwind.