As of June 16, public companies collectively hold more than 1.2 million Bitcoin — roughly 6% of the total supply that will ever exist. The milestone, driven by a 73% jump in treasury adoption during 2025, puts corporate balance sheets at the center of the Bitcoin story. Strategy remains the single biggest holder, while SpaceX and Strive have climbed the ranks this quarter.
Strategy's commanding lead
Strategy holds 846,842 BTC, making it the largest public company holder by a wide margin. That stash alone represents about 4% of all Bitcoin. SpaceX disclosed 18,712 BTC, landing at No. 8 on the public-company leaderboard. Strive grew its Bitcoin holdings 30% in a single month, vaulting to No. 7. The buying spree comes even though Bitcoin was the worst-performing major asset of 2025 — a fact treasury teams seem to have shrugged off.
The energy numbers behind the boom
All that Bitcoin doesn't live in a vacuum. Goldman Sachs projects U.S. data center power demand will hit 66 gigawatts in 2027, more than double its 2025 level. Right now, data center electricity consumption is near 180 terawatt-hours; by 2030 it could reach 400 to 600 TWh. A chunk of that demand is tied to Bitcoin mining, and the lines between crypto infrastructure and AI compute are blurring fast.
Miners pivot to AI
Marathon Digital and Core Scientific are converting mining infrastructure into AI data center capacity. It's a pragmatic play: the same power contracts and cooling systems that run ASICs can run GPUs, and the AI boom is paying better margins today than the halving-compressed mining business. The timing isn't great for miners squeezed by lower block rewards, but the pivot opens a new revenue stream.
Mita TechTalks set for October
Meanwhile, the industry's attention is already turning to an invite-only summit scheduled for October 25–27 in Punta Mita, Mexico. Mita TechTalks 2026 is capped at 125 guests. Confirmed speakers include Jeff Booth, Lisa Hough, Sam Callahan, and Andre Neves. The event, organized by Lynne Bairstow and Israel Muñoz of Base Layer Advisors, will cover three tracks: macro and corporate strategy, energy, and AI. Passes start at $2,750 and increase as tiers sell out.
