Bitcoin's price has declined 50% from its all-time high, but adoption is growing at a historic pace, according to a report from River. Five new nation-states, including Luxembourg, Saudi Arabia, the Czech Republic, Brazil, and Taiwan, acquired Bitcoin in 2025, bringing the total to 23 countries holding it in various forms. Additionally, 60% of top US banks are now developing Bitcoin-related products due to a more favorable regulatory environment. Institutional buying has also been strong, with net purchases for eight consecutive quarters and a total accumulation of 829,000 BTC in 2025. Businesses, particularly crypto treasury companies, were the largest buyers, with adoption in that sector growing 2.5 times year-over-year.

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Bitcoin’s Price Is Down 50% — Yet Adoption Has Never Been Stronger

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