Market cap of top corporate BTC holders shrinks by over $80B from July 2025

The combined market capitalization of the top 50 companies holding BTC has fallen to $67 billion from $150 billion in July 2025, erasing more than $80 billion since mid-2025, the Financial Times reported. Among the 50 companies, 43 saw their share prices decline after announcing plans to buy BTC, and 35 of those posted drops of more than 50%. According to the report, companies that had relied on stock and bond issuance to fund BTC purchases in hopes of lifting their share prices are now facing declines in both BTC and their stock prices, along with fundraising difficulties. Some have begun selling holdings and returning to their core businesses. The top 50 companies also turned net sellers in July and have sold about 2,500 BTC more than they bought since then.