New data reveals a surge in corporate Bitcoin ownership, with over 688,000 BTC now held by companies across the globe. This represents a significant jump from Q4, marking an increase of 16.11%. Bitwise, the research firm behind this analysis, points to expanding DeFi applications and increasing institutional investments as key drivers for this recent growth. The total holdings currently account for 3.28% of Bitcoin’s overall supply, capping out at 21 million coins. A staggering $57 billion in value was tied up in these holdings by the end of Q1. While companies continue to buy and hold Bitcoin, with major players like Strategy dominating, further growth is expected. As Bitwise CEO Hunter predicted, the year 2025 might mark a turning point for corporate adoption of Bitcoin.