Corporate Bitcoin holdings continue to climb, but Treasury executives argue the trend is strengthening, not weakening, decentralization across the network.
Despite rising concerns about pure bitcoin (BTC) ownership, emerging corporate Treasury companies and new institutional players contribute to wider distribution throughout the ecosystem, according to several executives speaking at Bitcoin Amsterdam 2025.
“At the end of the day, what we’re doing is really decentralizing Bitcoin. It’s not like that, but it’s the case with what we’re asking the market to offer,” said Alexander Laizet, board director of Bitcoin Strategy at Capital B.
Laizet said that many banks offering Bitcoin custody options are giving individuals and corporations new ways for storage and reducing reliance on a single-point to a small set of custodians.
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Corporations are about 7% of the total bitcoin supply
Corporations and Bitcoin Exchange-Traded Funds (ETFs) have quietly pooled the supply of Bitcoin, further centralizing the distribution of the world’s first cryptocurrency.
Corporate participants account for 6.7% of the total bitcoin supply, including 4.73% by public companies and 2.03% by private companies, according in the Treasury Data Provider bitbo.io
Spot Bitcoin ETF It also accumulated about 7.3% of the Bitcoin supply, becoming the largest segment of holders in less than two years since their debut in January 2024.
The growing centralized holding is not an “immediate threat” for Bitcoin, as its “economic ownership is still spread among many underlying investors – not a single actor,” Nicolai Sondergaard, research analyst at Crypto Intelligence Platform Nansen, told Cointelegraph.
“This does not change the fundamental characteristics of Bitcoin. The network remains decentralized even as custody becomes more centralized.”
While this does not present an “Achilles heel” for Bitcoin, it does highlight that large custodial players can have “more influence on liquidity and market behavior” as their BTC holdings continue to grow, he added.
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However, some industry observers are growing concerned about increasing institutional adoption of Bitcoin as Corporate Crypto Treasury surpassed $100 billion in digital asset holdings in August.
Bitcoin’s growing corporate The concentration could represent a new centralized point of weakness, setting BTC on the same “nationalization path” as gold in 1971, according to Crypto analyst Willy Woo.
“If the US dollar is structurally weak and China comes in, it’s a fair point that the US could make an offer to all Treasury companies and centralize where it could be put in a digital form, not create a new gold standard,” Woo said in a panel discussion at Baltic Honeybadger 2025, adding:
“You can call it like it happened in 1971. And it’s all centralized around the digital bitcoin. The whole history is repeating itself all over again.”
In 1971, United States President Richard Nixon ended the Bretton Woods system, suspending the convertibility of the dollar into gold and abandoning the fixed $35-per-on-ounce rate, effectively ending the gold standard.
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