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Public Companies Buy More Bitcoin Than ETFs for Third Consecutive Quarter
Corporate treasuries are turning to bitcoin for strategic growth that outpaces traditional investment vehicles.
Jul 2, 2025, 8:48 a.m.
What to know:
- Public companies now hold about 4% of the total bitcoin supply, compared with roughly 6.8% held by ETFs.
- Firms adopting bitcoin treasuries hope to differentiate themselves and tap into new sources of capital and investor enthusiasm.
Publicly traded companies are rapidly building bitcoin reserves, buying more of the largest cryptocurrency than U.S. exchange-traded-funds (ETF) for the third straight quarter, according to CNBC.
Corporations increased their bitcoin holdings by about 18% in the three months ended June 30, adding roughly 131,000 BTC. The ETF holdings grew 8%, or around 111,000 BTC, based on figures from Bitcoin Treasuries.net.
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ETFs still hold the largest stash of bitcoin among single entities, with over 1.4 million BTC, which makes up about 6.8% of bitcoin’s capped supply of 21 million, according to CNBC.
The last time ETFs surpassed public companies in bitcoin buying was back in third-quarter 2024, before U.S. President Donald Trump secured reelection. In April 2025, despite market volatility from Trump’s tariff announcements, public companies expanded their bitcoin holdings by 4% outpacing the 2% growth seen among ETFs, according to CNBC.
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