Who’s Buying Bitcoin This Month? (Updated)

Here are the companies buying Bitcoin or announcing their intent to buy Bitcoin:

Czech National Bank

The governor of the Czech National Bank, Aleš Michl, has proposed investing billions of euros from the country’s foreign reserves into Bitcoin. If approved, this move would make the Czech National Bank the first Western central bank to hold cryptocurrency assets. Michl plans to suggest allocating up to 5% of the bank’s €140 billion reserves (approximately €7 billion) to Bitcoin, citing its potential to diversify assets and generate higher returns. While acknowledging Bitcoin’s volatility, Michl views it as a promising alternative investment, especially given growing institutional interest and recent developments like Bitcoin ETFs.

MicroStrategy Buys $1.1 Billion Worth Of Bitcoin

MicroStrategy made its largest purchase of 2025 so far, acquiring 11,000 BTC for $1.1 billion. This brings their total holdings to 461,000 BTC, valued at approximately $47 billion.

Norway’s Sovereign Wealth Fund

By the end of 2024, Norway’s sovereign wealth fund increased its indirect Bitcoin exposure by 153%, reaching 3,821 BTC (valued at $400 million). Norges Bank Investment Management’s stake in MicroStrategy alone is valued at $514 million, complemented by investments in Bitcoin-focused companies like Riot, MARA, Coinbase, and others.

Critical Metals Corp (USA)

Critical Metals Corp has secured up to $500 million in convertible note financing to invest in Bitcoin as part of its treasury strategy. This move makes it the first Nasdaq-listed critical minerals company to adopt Bitcoin as a treasury reserve asset.

MetaPlanet (Japan)

The Japanese public company Metaplanet plans to raise $745 million (approximately 116 billion yen) to increase its Bitcoin holdings. The company aims to expand its total Bitcoin reserves to 10,000 BTC by the end of 2025. Currently, Metaplanet holds around 1,761 BTC.

States Proposing Bitcoin Reserves

  • Texas: Legislation introduced by Representative Giovanni Capriglione and Senator Charles Schwertner aims to create a Bitcoin reserve. Proposals include holding Bitcoin in cold storage for at least five years and allowing citizens to contribute to the reserve through donations.
  • Pennsylvania: A bill proposed in November 2024 allows up to 10% of state funds (e.g., General Fund, Rainy Day Fund) to be allocated to Bitcoin. This could amount to nearly $1 billion in investments.
  • Ohio: The Ohio Bitcoin Reserve Act, introduced in December 2024, enables the state treasurer to invest in Bitcoin.
  • New Hampshire: A January 2025 bill by Representative Keith Ammon proposes a strategic reserve that includes digital assets like Bitcoin and precious metals. The reserve would allocate up to 10% of public funds for such investments.
  • North Dakota: A resolution introduced in January 2025 encourages investment in digital assets and precious metals, including Bitcoin.
  • Oklahoma: Recent legislation allows up to 10% of state funds to be invested in digital assets with a market cap exceeding $500 billion (effectively targeting Bitcoin).
  • Wyoming: Wyoming has proposed legislation permitting up to 3% of state funds to be invested in Bitcoin. The bill emphasizes secure custody options and positions Wyoming as a pioneer in crypto-friendly policies.
  • Florida: Florida is considering allocating $1.16 billion from its pension fund into Bitcoin as part of its financial diversification strategy.