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Public companies now hold more than 1 million bitcoin

At current prices, the total pile of 1,000,698 bitcoin is worth almost $110 billion.

9/4/25 2:20PM

While bitcoin hasn’t been doing too hot lately, hovering in the $107,400 to $113,200 range in the past week, some bitcoin-adjacent developments are on fire.

For one, total bitcoin holdings by the 183 publicly listed companies have now crossed the 1 million mark, “nearly 5% of all the BTC that will ever be,” according to Bitcoin Treasuries. To put this in perspective, public companies held just over 416,000 bitcoin a year ago.

“The milestone of public companies collectively holding over 1 million bitcoin reflects the dawn of a new era in finance. Bitcoin’s reach extends beyond profits — it represents access, transparency, and opportunity across borders. This level of corporate adoption points toward a more inclusive and global financial system,” Tim Kotzman, founder of Bitcoin Treasuries Media, told Sherwood News.

These public companies are inching closer to bitcoin ETFs and other funds, which hold a total of 1.47 million bitcoin.

Bitcoin also notched another record, as its single-day hash rate — the computing power used by a blockchain — “hit an all-time high of 1.279 on Tuesday,” Decrypt reported.

The previous all-time high was 1.2275 zettahash per second on August 14, Coinwarz data shows. This coincides with bitcoin’s own all-time high.

Finally, bitcoin ETFs are heating up again, with two consecutive days of inflows, accumulating $634 million. This is a welcome turnaround following August’s bruising $751.12 million in outflows, per SoSovalue data.

In other news:

Bitcoin miner CleanSpark produced 657 bitcoin in August, a slight decrease from the 671 bitcoin it produced in July. The company holds 12,827 bitcoin.
BitFuFu, another bitcoin miner, increased its bitcoin holdings to 1,899 bitcoin. The company produced 408 bitcoin in August, a 12.6% month-over-month decrease.

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The decentralized finance ecosystem had a brutal April, logging the highest monthly number of exploits ever at 28 hacks, with exploiters siphoning off a total of $635.2 million, data from DefiLlama shows.

The two largest exploits in April occurred on ethereum-based protocol KelpDAO and solana-native trading venue Drift. The incidents rattled on-chain users, as the total value locked in DeFi across all networks dropped from a monthly high of $99.5 billion to $84.3 billion on Friday.

“It’s a real problem, and if AI proponents (thinking specifically of Anthropic’s claims about Mythos) are to be believed, it’s only going to get worse,” according to Fredrick Collins, CEO of crypto analytics platform Velo.xyz. Collins argued that these exploits act as a significant limiter of institutional appeal, pointing to TheBlock’s report last week that JPMorgan held a similar view.

“It’s simple — for many people, having any chance that you lose your entire investment or balance in something supposed to be ‘safe’ is too much to bear,” Collins told Sherwood News.

However, not everyone thinks the recent hacks will curb interest from institutions. Nicolai Søndergaard, a research analyst at blockchain data firm Nansen, said to Sherwood, “I do not think these hacks will be a limit to institutional capital given the impact of AI and the speed at which threats appear stretch far beyond this industry.”

Søndergaard continued, “Crypto to me seems to have been hit harder as many projects perhaps wanted to get a product out there quickly and didn’t invest enough in security, even with companies around to audit.”

DeFi aims to enable internet users to have access to financial services, such as borrowing, lending, and trading, without any centralized intermediaries.

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After bitcoin’s best month in a year, analysts weigh in on factors for it to break $80,000 in May

May has an over 7% average historical return, but whether bitcoin can replicate this result and finally break the $80,000 level hinges on several factors.

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Riot Platforms rises following Q1 revenue beat

The bitcoin miner turned data center operator released first-quarter earnings that surpassed expectations for revenue. Shares built on strong gains from Thursday’s session in after-hours trading following the results.

Riot Platforms reported:

Q1 revenue of $167.2 million, growing 3.6% from the same quarter a year ago and surpassing analysts’ expectations of $131 million.
A diluted loss per share of $1.44, much worse than analysts’ consensus estimate of a $0.72 loss, which includes unrealized loss on its bitcoin holdings.

The bulk of company’s revenue stems from its bitcoin mining activity, which made up $111.9 million in the quarter, while its data center housing revenue stood at $33.2 million, per its press release.

The first quarter of 2026 marks an inflection point for Riot. CFO Jason Chung said on Thursday in the firm’s Q1 earnings conference call, “With the delivery of our first 5 megawatts to AMD this quarter, Riot is now an active data center operator, and for the first time, our top line now includes contracted lease revenue from an investment-grade tenant.”

The earnings report comes the same week the company announced amending its $200 million credit agreement with Coinbase by replacing a floating interest rate with a fixed rate, according to an SEC filing dated on Monday.

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Public companies now hold more than 1 million bitcoin

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