Bitcoin Price Decline Masks Institutional Adoption Boom

Despite a significant decline in Bitcoin's price, institutional adoption of the cryptocurrency has continued to rise. According to recent data, institutions collectively added approximately 829,000 BTC in 2025, with businesses emerging as the largest buyers.

The number of publicly listed firms holding Bitcoin rose to 194 in 2025, and 23 nation-states now hold Bitcoin, including sovereign wealth funds and central banks. This trend is expected to accelerate in coming years as broader participation deepens.

Meanwhile, payment adoption expanded materially, with the number of US merchants accepting Bitcoin payments tripling during the year. Global usage increased by 74%, and development activity within traditional finance continues, with approximately 60% of the 25 largest US banks building Bitcoin products.