Public Companies Keep Outpacing ETFs in Bitcoin Buying for Third Quarter Running
Corporations are increasingly embracing bitcoin (BTC) as a strategic investment to diversify beyond traditional assets.
For the third quarter in a row, publicly traded companies have acquired more bitcoin than U.S.-listed exchange-traded funds (ETFs), CNBC reports.
Between April and June, public firms boosted their bitcoin reserves by about 18%, adding around 131,000 BTC to their balance sheets. In comparison, ETFs saw a smaller increase of approximately 8%, accumulating close to 111,000 BTC during the same period, according to data from Bitcoin Treasuries.net.
Despite this surge in corporate buying, ETFs still collectively hold the largest share of bitcoin, with more than 1.4 million BTC under management—roughly 6.8% of the cryptocurrency’s capped 21 million coin supply, CNBC noted.
The last time ETFs led public companies in bitcoin accumulation was in Q3 of 2024, before Donald Trump won reelection. Even in April 2025, amid market turmoil sparked by Trump’s tariff policy announcements, public companies managed to increase their bitcoin holdings by 4%, exceeding the 2% growth seen in ETF holdings, CNBC reported.
