Bitcoin Treasuries Have Surged 448% In Two Years, Says Glassnode

The on-chain analytics firm noted that Bitcoin across DATs has increased to 1.08 million, from 197,000 in early 2023.
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Anushka Basu·Stocktwits
Updated Dec 09, 2025   |   12:46 PM EST
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  • The aggregate size of Bitcoin holdings rose to 1.08 million, indicating multi-quarter accumulation, according to Glassnode.
  • Corporate treasuries now hold significant Ethereum and Solana, signaling adoption beyond Bitcoin.
  • Bitcoin reached $94,244 with ‘bullish’ retail sentiment on Stocktwits.

The aggregate size of Bitcoin (BTC) treasuries has grown more than 448% in the past two years, with total holdings now exceeding 1.08 million BTC, according to the on-chain analytics firm Glassnode. 

Glassnode reported on X that balances across exchange traded funds (ETFs), listed firms, and major treasury wallets increased from 197,000 BTC in early 2023 to more than 1.08 million BTC as of December, indicating a steady, multi-quarter growth rather than episodic buying spurts. 

Corporate Bitcoin holdings have surged past 1 million BTC. Source: Glassnode

In addition to Strategy (MSTR), which started the digital asset treasury (DAT) model, many more companies have now joined the fray after President Donald Trump’s 2025 election win and subsequent pro-crypto stance. ETF filings have also seen an uptick as the Securities and Exchange Commission (SEC) has relaxed its guidelines.

Bitcoin was trading at $94,244.01, up nearly 5% in the last 24 hours. On Stocktwits, retail sentiment around BTC has remained in ‘bullish’ territory over the last 24 hours. Chatter around Bitcoin remained at ‘low’ levels.

BTC retail sentiment and message volume on December 9 as of 12:14 a.m. ET | Source: Stocktwits

Rise In Altcoin Treasuries

Companies, family offices, and even sovereign-linked entities are starting to use Ethereum and Solana as reserve assets, in addition to Bitcoin. As per Coingecko, 27 companies now hold a total of 5.85 million Ethereum (ETH), worth $19.86 billion, according to publicly available treasury disclosures. The total value of public companies holding Ethereum has increased by 61.8% in the last 24 hours. 

Solana treasuries are also growing. 18 companies now hold more than 18.32 million SOL, which is worth $2.64 billion.  While Bitcoin is still the most important asset in the treasury, the growing presence of ETH and SOL on corporate balance sheets shows that digital-asset treasury management is becoming more diverse. 

Read also: Bitcoin $500,000 Forecast Delayed To 2030 As ETFs Become Primary Growth Driver, Says Standard Chartered

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