On August 29, Changpeng “CZ” Zhao said that Bitcoin is well on its way to becoming the global reserve currency. The former Binance CEO noted that an increasing number of entities—particularly from the traditional finance sector—are adding the world’s largest cryptocurrency to their balance sheets.
“So I think we’ve seen this evolution, and it’s great to see that now, with both legacy financial institutions and nations adopting Bitcoin, plus other current cryptocurrencies,” CZ said. “I believe we’ve come a really long way.”
CZ has long been a vocal advocate for BTC. When the asset reached a new all-time high on July 14, surpassing the $122,000 mark, he reminded traders that this was only the beginning of Bitcoin’s upward trajectory.
“It took three years to reach an ATH of $1,000 again in January 2017. We were excited. Now, that is just a small fraction, less than 1% of the current Bitcoin value,” Zhao said in a July post.
An early adopter of BTC since 2014, CZ compared the excitement surrounding the July rally to the moment when Bitcoin first hit $1,000 in 2017—a prediction that proved prescient when BTC reached a fresh all-time high of $124,128 a month later.
Rising Corporate Adoption of Bitcoin
Data from BTC Treasuries shows that 17 new entities added Bitcoin to their treasuries in the past month alone, bringing the total to 309 entities holding BTC on their balance sheets. Public companies represent more than a third of this total, with 177 corporations now holding Bitcoin.
For context, only 37 new companies added BTC to their treasuries throughout 2024. In the first half of 2025, 51 new companies have already joined the trend. As of mid-2025, more than 35 public companies hold at least 1,000 BTC each, up from 24 at the end of Q1 2025. These announcements often boost stock prices, further incentivizing corporate accumulation.
Michael Saylor’s Strategy remains the largest BTC treasury among companies, holding 632,457 BTC—roughly 3% of all Bitcoin in existence.
Overall, 3.68 million BTC are held across treasuries belonging to ETFs, other funds, crypto exchanges, public and private companies, and government bodies. With roughly 19.9 million BTC in global circulation, there is still significant room for additional adoption.
