- Public Treasury companies grew their BTC balance by 18% in Q2.
- ETFs expanded BTC companies by 8%, but still checked 40% of the BTC treasure box.
Public Companies, led by the strategy of Michael Saylor (formerly Micro Strategy), surpassed American spot ETFs (Exchange-Trade Funds) Bitcoin [BTC] Accumulation during Q2 2025.
According to Bitcoin Treasuries -data merged By CNBC, public companies have taken over 131,000 BTC, which means that their participations grew by 18%. ETFs, on the other hand, bought 110,000 BTC, a modest increase of 8% compared to the same period.
This marked the third consecutive quarter where public treasury performed better than ETF buyers in net accumulation.
Source: CNBC
The same quarter, the same conviction?
In fact, the Q2 growth q1, where public companies BTC Holdings grew by 17.6%.
However, ETFs only grew by 0.5% in Q1, which coincided with heavy macro -opposite wind and made up market sentiment. Respond to the divergence, Eric Marie, head of research at EcoinMetrics, explained,
“The institutional buyer who receives exposure to Bitcoin through ETF’s does not buy for the same reason as those public companies that in principle try to collect Bitcoin to increase the shareholder value at the end of the day.”
He added that public companies are not bound by macro headlines or sentiment, such as ETF buyers, that is why they can gather even during plungs.
That strategy seems to be bearing fruit.
ETFs and hedge funds dominated more than 40% of the total BTC treasure boxes, with 1.4 million BTC. This translates into about 7% of the total BTC offer of 21 million.
Source: Bitcoin Treasuries
In the meantime, public companies have 848,333 BTC or 4% of the total BTC offer. Of the 4%, the Strategy Most BTC treasuries, approximately 2.85% of the total offer.
Simply put, public treasury has been a crucial factor in reducing the BTC -the risk or plungs.
Above $ 100k – but can the momentum hold?
And the accumulation trend of these companies, regardless of the prevailing macro headlines or sentiment, can help the BTC price to stay above $ 100k.
That said, Q3 started with a slow note, with the Bitcoin Bull Score Index, an indicator that follows on-chain and technical bullish signals that drops to a neutral level.
In fact, Cryptuquant’s head of research, Julio Moreno, is warned That a persistent decrease in the index under 60 BTC rallies could derail.
Source: Julio Moreno/X
At the time of the press, BTC traded at $ 107.7K, after bouncing $ 105k support. However, the short -term momentum was still in a downward trend, unless it breaks decisively above $ 108k.
Source: BTC/USDT, TradingView