Public Firms Outpace ETFs in Bitcoin Purchases for Third Straight Quarter

Public Companies Outpace ETFs in Bitcoin Purchases for Third Consecutive Quarter

Corporate treasuries are increasingly viewing bitcoin as a strategic asset that offers growth potential beyond traditional investment avenues.

Publicly traded companies have been accumulating bitcoin (BTC) at a rapid pace, outpurchasing U.S. exchange-traded funds (ETFs) for the third consecutive quarter, CNBC reports.

Between April and June, corporations boosted their bitcoin reserves by approximately 18%, acquiring around 131,000 BTC. Over the same period, ETF holdings rose by about 8%, or roughly 111,000 BTC, based on data from Bitcoin Treasuries.net.

Despite the surge in corporate buying, ETFs continue to hold the largest collective stash of bitcoin, owning over 1.4 million BTC. This represents about 6.8% of bitcoin’s total capped supply of 21 million coins, according to CNBC.

The last time ETFs outpaced public companies in bitcoin purchases was in the third quarter of 2024, prior to President Donald Trump’s reelection. In April 2025, even amid market turbulence caused by Trump’s tariff policy announcements, publicly traded companies expanded their bitcoin holdings by 4%, exceeding the 2% growth posted by ETFs, CNBC noted.

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