Corporate ownership of Bitcoin continues to climb, with the five largest publicly identifiable holders now controlling a combined 771,551 BTC, according to industry data circulated on 2 August. MicroStrategy accounts for about 81 percent of that total and roughly 1.1 percent of the cryptocurrency’s fixed 21 million-coin supply, while miners such as Marathon Digital and investment firm Twenty One Capital are increasing their stakes. The accelerating accumulation is sharpening executive rhetoric. Twenty One Capital chief executive Jack Mallers told NYSE TV he expects Bitcoin’s price to rise “200 times” from current levels, citing what he described as the asset’s superior long-term monetary qualities. MicroStrategy founder Michael Saylor, whose company has led corporate buying since 2020, said owning as much as 7 percent of the total supply would be “fair game,” adding that asset-management giant BlackRock already holds more than that through its various products. Proponents say the strategy is emerging as a new corporate-treasury template aimed at insulating balance sheets from what they view as ongoing erosion in fiat-currency purchasing power. The concentration of large holdings, however, is also intensifying debate over market liquidity and governance as Bitcoin’s supply becomes increasingly sequestered on corporate ledgers.