Pakinomist – Institutional adoption of (BTC) continues to accelerate, with Treasuries now collectively holding 3,000,000 BTC worth $317 billion. This represents 14% of the total supply that will ever exist, reveals self-proclaimed Bitcoin historian Pete Rizzo.

MicroStrategy remains the single largest company holder, having recently acquired an additional 11,000 BTC for $1.1 billion at an average price of $101,191 per BTC. The company’s total holdings are now 461,000 BTC, worth approximately $29.3 billion, with an average acquisition price of $63,110 per BTC.

Other notable holders include MARA Holdings, a prominent Bitcoin mining company, which is in second place with 44,893 BTC worth $4.65 billion. Riot Platforms (NASDAQ: ), another mining company, follows in third place with 17,722 BTC worth about $1.84 billion.

A broader analysis shows that the structure of these institutional holdings is diverse. Spot Bitcoin ETFs account for 1,307,868 BTC, with BlackRock (NYSE: ) commanding a significant portion of this category, holding 563,134 BTC worth $58.29 billion. Public companies, including MicroStrategy, have a combined 608,381 BTC.

Governments, such as those of China and the United States, own 513,199 BTC, with each owning at least 190,000 BTC. Additionally, 407,212 BTC is owned by private companies like Block One, and 165,677 BTC is locked within DeFi protocols like wrapped Bitcoin.

That Bitcoin is becoming more popular as an investment is shown by institutions getting into it. Large entities play a key role in the market’s growth, whether they invest directly, use it as collateral or diversify their treasury.

As this trend continues, the long-term impact on Bitcoin’s adoption and its price dynamics could be huge.