Bitcoin Price Slides to $104K as Corporate Holdings Top 1 Million BTC
Bitcoin’s price slipped to $104,655, down 6.17% in 24 hours and nearly 14% over the week, even as institutional demand...
Quick overview
- Bitcoin's price fell to $104,655, down 6.17% in 24 hours and nearly 14% over the week, despite rising institutional demand.
- Public company holdings of Bitcoin exceeded 1.02 million BTC in Q3 2025, reflecting a 20.87% increase from the previous quarter.
- Nearly 40% more public firms now hold Bitcoin, indicating growing mainstream adoption as a strategic reserve asset.
- Corporate accumulation is reshaping Bitcoin's market dynamics, with companies using it for treasury diversification and financing operations.
Bitcoin’s price slipped to $104,655, down 6.17% in 24 hours and nearly 14% over the week, even as institutional demand for the cryptocurrency reached unprecedented levels.
In the third quarter of 2025, public company holdings of Bitcoin surpassed 1.02 million BTC, marking a 20.87% jump from the prior quarter. At an average acquisition price of $114,402, these holdings are valued at approximately $117 billion, signaling sustained corporate conviction in Bitcoin’s long-term potential despite short-term volatility.
According to Bitwise Asset Management, nearly 40% more public firms now hold Bitcoin compared to three months ago — a sign of growing mainstream adoption among listed corporations using BTC as a strategic reserve asset.
Institutional Leaders Fuel Expansion
The surge in corporate Bitcoin ownership was driven by 172 public companies, with several industry leaders expanding their holdings:
- Strategy Inc. – 640,031 BTC (+40,000 BTC this quarter)
- MARA Holdings – 52,850 BTC
- XXI Corp. – 43,514 BTC
- Metaplanet – 30,823 BTC (doubled reserves)
- Bitcoin Standard Treasury Co. – 30,021 BTC via $1.5B SPAC-backed PIPE
Major breakdown spotted on the BTC/USD 4H chart!
Price has closed below the key $110K support and is now trading near $104,640.
If Bitcoin sustains below $104K, more downside pressure is likely. Trend remains bearish unless price reclaims $110K.#Bitcoin #Crypto #BTCUSD… pic.twitter.com/5NPQRFnQyn— MarketMinds (@07hosa) October 17, 2025
Notable transactions included Bullish Holdings’ public listing with over 24,000 BTC and Strive’s acquisition of Semler Scientific, the first major Bitcoin-focused merger and acquisition deal.
These developments underscore how Bitcoin is becoming a cornerstone for corporate treasuries and strategic growth plays alike.
Institutional Demand Reshapes Market Structure
Corporate accumulation is now a defining force in Bitcoin’s price behavior. Companies are leveraging BTC for treasury diversification, balance sheet optimization, and even financing operations through:
- PIPE and SPAC-backed funding tied to Bitcoin reserves
- Preferred stock issuance linked to BTC holdings
- Strategic M&A aimed at consolidating corporate Bitcoin exposure
While skeptics warn that large-scale institutional ownership could amplify volatility, proponents see it as a legitimizing force — one that embeds Bitcoin deeper into corporate finance frameworks.
Despite the current correction to $104K, the Q3 surge in corporate holdings signals that institutional demand remains resilient. For many executives, Bitcoin has evolved from a speculative hedge to an integral asset for long-term capital preservation and liquidity strategy.
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