Bitcoin Magazine has recently covered a significant fluctuation in Bitcoin’s price, currently holding steady in the $110,000 range. This comes shortly after the cryptocurrency reached an all-time high of over $126,000. As market conditions change, it’s essential to understand what’s driving these price movements and the broader implications for Bitcoin adoption.
The price dip from recent highs near $113,600 to the current low in the $110,000s follows a tumultuous few days in the cryptocurrency market. Over the last weekend, more than $19 billion in leveraged positions were liquidated, forcing 1.6 million traders to exit their trades as margin calls swept across exchanges. This kind of volatility has long been a characteristic of the crypto sphere, causing both concern and excitement among investors.
In particular, on October 10, Bitcoin’s price fell to the low $100,000s as external factors came into play. U.S.-China trade tensions escalated, leading to heightened market anxiety. President Trump’s announcement of new 100% tariffs on Chinese goods, in response to Beijing’s sweeping export controls, contributed to this downward pressure on asset markets, Bitcoin included. At the time of writing, Bitcoin is trading around $111,500, reflecting ongoing uncertainty.
The Surge in Corporate Interest
While volatility is a hallmark of cryptocurrencies, one trend appears to be stabilizing: growing corporate interest in Bitcoin. According to Bitwise Asset Management’s latest Corporate Bitcoin Adoption report, corporate ownership of Bitcoin has surged. In the third quarter of 2025, 172 public companies were reported to hold Bitcoin, marking a staggering 38.7% increase from the previous quarter.
This influx means that public firms now hold over 1.02 million BTC, which represents nearly 4.9% of the entire Bitcoin supply. Valued at around $114,000 per Bitcoin, these corporate holdings amount to an impressive $117 billion, reflecting a 28% increase from the second quarter of 2025.
Leading the list of major corporate investors is Strategy, which alone holds 640,031 BTC. Other significant players include MARA Holdings (52,850 BTC), XXI (43,514 BTC), Metaplanet (30,823 BTC), and Bitcoin Standard Treasury Company (30,021 BTC). Notably, Metaplanet has doubled its Bitcoin position in just three months, signaling its strong bullish outlook on the cryptocurrency.
The third quarter also saw landmark corporate developments. For instance, Strive’s acquisition of Semler Scientific marked the first major Bitcoin treasury M&A deal, while the Bitcoin Standard Treasury Company announced a $1.5 billion Bitcoin SPAC. In a further sign of institutional conviction, the crypto exchange Bullish went public, holding over 24,000 BTC.
In total, corporations added 176,762 BTC in Q3, demonstrating a clear trend of institutional appetite for Bitcoin, even as its market price continues to exhibit notable fluctuations. This suggests that Bitcoin is increasingly viewed not just as a speculative asset for retail investors, but as a strategic reserve and hedge against inflation by large corporations.
Interestingly, despite the volatility, Bitcoin rose by 6.2% during a historically weak quarter, reaching remarkable highs of $123,000, $124,000, and $126,000 immediately after the quarter ended. The broader equities market also saw a rally, with precious metals like silver and gold outperforming amidst concerns of economic “debasement.” Research from NYDIG indicates that Bitcoin’s correlation with U.S. equities remains elevated while its relationship with gold remains almost negligible, showcasing its unique position in the market.
This data emphasizes that Bitcoin is gaining traction as a legitimate asset class, attracting an increasing array of institutional players. The trend suggests that the cryptocurrency is moving towards broader acceptance, solidifying its role in diverse investment strategies. As corporate interest intensifies, it becomes evident that Bitcoin is carving a niche for itself beyond retail speculation and into the serious portfolios of companies eager to leverage its potential.
This article originally appeared on Bitcoin Magazine and was authored by Micah Zimmerman.