Bitcoin BTC has taken deeper root in corporate treasuries, with 116 public companies now holding a combined 809,100 BTC, worth around $85 billion based on current prices, at the end of May. That’s a dramatic rise from 312,200 BTC held a year ago in corporate treasuries, according to Binance Research’s latest report . Nearly 100,000 BTC has been added since early April alone. The surge appears driven by a mix of rising prices and structural tailwinds. Donald Trump adopted a pro-crypto stance during his 2024 presidential campaign, vowing to make the U.S. a global hub for the asset class and create a “crypto capital of the planet.” Since Trump took office he has moved to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile , while the U.S. Securities and Exchange Commission has dropped numerous lawsuits against major crypto firms.. Binance’s report shows that bitcoin treasury accumulation grew in November, when Trump won the election . Adding to that, new fair-value accounting rules introduced by the Financial Account Standards Board (FASB) this year allow companies to recognize gains on BTC holdings, removing a longstanding deterrent. Newer entrants including GameStop (GME) and PSG have recently started accumulating BTC as a well, yet Strategy still holds the lion’s share of BTC in corporate treasuries, with over 70% of holdings. Some companies are also tiptoeing into other assets. SharpLink holds $425 million in ETH, while DeFi Development and Classover are betting on solana SOL. China-based firm Webus recently filed for a $300 million XRP strategic reserve. Still, these altcoin holdings remain relatively small and are often tied to firms trying to rebrand as token-forward entities, Binance noted. Binance’s report also flagged the rapid rise of tokenized real-world assets (RWAs), which have climbed more than 260% from $8.6 billion to $23 billion this year.