
Public Firms Double Down on Bitcoin, Outpacing ETFs for Third Straight Quarter
Public companies—led by Michael Saylor’s Strategy (formerly MicroStrategy)—accelerated Bitcoin accumulation in Q2 2025, acquiring 131,000 BTC for an 18% quarterly growth. This marks the third consecutive quarter where corporate treasuries outpaced U.S. spot ETFs, which added 111,000 BTC (8% growth). The divergence highlights fundamentally different investment approaches: Corporate Strategy vs.