Public companies are buying Bitcoin at a rapid pace: Public companies purchased 131,355 Bitcoins in Q2 2025, growing holdings by +18%, according to Bitcoin Treasuries data. Furthermore, ETFs acquired 111,411 BTC, posting an +8% rise during the same period. This marks the 3rd consecutive quarter in which companies have bought more Bitcoin than ETFs. Year-to-date, public companies have purchased 237,664 Bitcoins, double the 117,295 acquired by ETFs. Now, public companies hold ~855,000 Bitcoins, or ~4% of the total supply. Corporate demand for Bitcoin is incredibly strong.