Bitcoin News: 48 New Companies Added Bitcoin to Their Balance Sheets in 3 Months, According to Bitwise Report

48 New Companies Added Bitcoin to Their Balance Sheets in 3 Months: BitwiseKey TakeawaysPublic companies holding Bitcoin surged 38% between July and September, reaching 172 total.48 new firms added BTC to their balance sheets, marking record quarterly corporate adoption.Total corporate Bitcoin holdings now exceed $117 billion, representing 4.87% of BTC’s total supply.Analysts say the data show institutional conviction is deepening, even amid market volatility.The number of public companies holding Bitcoin (BTC) on their balance sheets has surged by nearly 40% in just one quarter, according to a new report from Bitwise Asset Management.In its Q3 Corporate Bitcoin Adoption Report, Bitwise — citing data from BitcoinTreasuries.NET — revealed that 172 companies now hold Bitcoin, up from 124 in June. The increase marks 48 new entrants to the corporate Bitcoin treasury space between July and September.Hunter Horsley, CEO of Bitwise, called the figures “absolutely remarkable,” adding on X (formerly Twitter):“People want to own Bitcoin. Companies do too.”The report shows total corporate Bitcoin holdings have reached a record $117 billion, up 28% quarter-over-quarter, representing over one million BTC — or 4.87% of the total circulating supply.‘Larger Players Are Doubling Down’Rachael Lucas, analyst at BTC Markets, told Cointelegraph that the trend reflects increasing confidence from large investors despite recent market volatility.“The growing accumulation suggests larger players are doubling down, not backing away,” she said.“They’re making long-term decisions on digital assets as part of their treasury strategy, not chasing short-term gains.”According to BitcoinTreasuries.NET, Strategy — led by Michael Saylor — remains the largest corporate holder, now owning 640,250 BTC after its most recent purchase on Oct. 6.MARA Holdings, a U.S.-based crypto miner, ranks second with 53,250 BTC, following its latest acquisition earlier this week.Lucas added that as corporations and even sovereign entities continue entering the market, adoption will likely accelerate alongside improving regulatory clarity and institutional infrastructure.“This participation legitimizes crypto as a mainstream asset class and lays the foundation for new financial innovation — from Bitcoin-backed loans to derivatives markets,” she noted.Supply Shock and Price OutlookDespite growing accumulation, Bitcoin’s price remains volatile. At the time of writing, BTC trades around $112,410, following sharp corrections tied to U.S.–China trade tensions and macroeconomic uncertainty.Lucas explained that corporations often accumulate Bitcoin over-the-counter (OTC) to minimize market impact, which can mask demand in the short term.However, she cautioned that “macro shocks, profit-taking, and derivatives activity” can temporarily offset institutional buying pressure.Edward Carroll, head of markets at MHC Digital Group, said corporate accumulation is creating a supply-demand imbalance that could fuel medium-term price growth.“The surge in institutional interest will likely put firm upward pressure on Bitcoin over the coming years,” Carroll said. “We expect demand to remain steady and increasing as BTC decouples from broader risk sentiment.”A report by River Financial found that businesses collectively acquire 1,755 BTC per day, while miners only produce around 900 BTC daily — reinforcing the tightening supply narrative.Bitcoin ETFs Fuel Mainstream ExpansionBeyond direct corporate holdings, spot Bitcoin ETFs continue to bolster institutional exposure. In the first week of October alone, U.S. Bitcoin ETFs attracted $2.71 billion in inflows, extending their strong “Uptober” performance.Lucas described the trend as a defining moment for crypto maturity:“What we’re witnessing is a maturing market. Crypto is evolving from a speculative playground into a legitimate asset class with institutional-grade participation.”