Publicly Listed Companies Lead Bitcoin Accumulation Over ETFs for Third Quarter in a Row

Public Companies Maintain Lead Over ETFs in Bitcoin Holdings for Third Straight Quarter

A growing number of corporations are embracing bitcoin (BTC) as a strategic asset to enhance their growth potential beyond traditional investments.

For the third consecutive quarter, publicly listed companies have acquired more bitcoin than U.S. exchange-traded funds (ETFs), according to CNBC.

Between April and June, corporate treasuries increased their bitcoin holdings by roughly 18%, adding around 131,000 BTC to their reserves. In contrast, ETFs expanded their holdings by approximately 8%, securing about 111,000 BTC during the same period, as reported by Bitcoin Treasuries.net.

Despite the aggressive buying by corporations, ETFs still collectively hold the largest amount of bitcoin, with over 1.4 million BTC under management. This accounts for around 6.8% of bitcoin’s total maximum supply of 21 million coins, CNBC noted.

ETFs last surpassed public companies in bitcoin accumulation in the third quarter of 2024, before Donald Trump’s reelection. Even in April 2025, amid market volatility caused by Trump’s new tariff proposals, public firms grew their bitcoin holdings by 4%, outperforming the 2% increase seen in ETFs, CNBC reported.