Public Companies Acquire 131,000 Bitcoin, Outpacing ETFs for Third Quarter
Public companies globally have outpaced exchange-traded funds (ETFs) in Bitcoin acquisitions for three consecutive quarters, according to CNBC.
Bitcoin Holdings Surge
- In Q2, public companies acquired approximately 131,000 BTC, an 18% increase.
- ETFs secured about 111,000 BTC, representing 8% growth.
- Public company BTC holdings increased by 4% in April, while ETF holdings rose by 2%.
- Public companies focus on accumulating Bitcoin to enhance shareholder value.
- ETFs remain the largest holders with over 1.4 million BTC, about 6.8% of total supply.
- Public companies hold around 855,000 BTC, approximately 4% of total supply.
- Recent corporate activity includes GameStop and KindlyMD entering the Bitcoin market.
- Strategy holds approximately 597,000 BTC, leading in treasury space.
- Mara Holdings follows with nearly 50,000 BTC.
Market dynamics may shift as the number of companies adopting a BTC treasury strategy could decrease in the next decade, potentially diminishing individual impacts as Bitcoin matures.
