Corporate adoption of Bitcoin is gaining serious momentum, with 35 publicly traded companies now holding more than 1,000 BTC each. This marks a major leap in institutional interest, following the US executive order to establish a federal Bitcoin reserve. Fidelity Digital Assets reports these holdings are now valued at over $116 billion, up from 24 companies just months ago.

Bitcoin’s rise among corporate treasuries reflects a shift in strategy, with more companies spreading out their purchases rather than depending on a few large buyers. Fidelity’s Chris Kuiper noted this broader distribution signals a major increase in institutional exposure to the asset. Bitcoin also recently surpassed Amazon’s market cap, becoming the fifth-largest global asset by total valuation.

Institutional demand has driven Bitcoin purchases up 35% quarter over quarter. Over 278 public entities now hold Bitcoin, up from 124 just weeks ago. The United States leads with 94 such companies, followed by Canada with 40, and the UK with 19. Open interest in Bitcoin futures also remains strong, nearing record highs.