Public companies led by Microstrategy Outpace ETFS at BTC Buys: What does that mean for Bitcoin star-news.press/wp

• Public Treasury companies have grown with BTC’s balance by 18 % in the second quarter.
• ETFS has expanded BTC with 8 % but still controls 40 % of BTC bonds.

Public companies, led by Microstrategy strategy (previously Microstrate), has exceeded the traded investment fund Bitcoin (BTC) Accumulation through Q2 2025.

According to Bitcoin Treasury Assembled By CNBC, public companies acquired 131,000 BTC, and their possession of their possessions by 18 %. On the other hand, ETFS 110,000 BTC bought, with a modest increase by 8 % during the same period.

This represents the third quarter in a row, as public treasury bonds outperformed ETF buyers in a net accumulation.

The same quarter, the same condemnation?

In fact, the growth of the second quarter reflected the Q1, as public companies BTC Holdings grew by 17.6 %.

However, ETFS only grew 0.5 % in the first quarter, which coincided with heavy and tense, and tense winds. In response to the difference, Eric Marie, head of research at Ecoinmetrics, stated.

“The institutional buyer who is exposed to Bitcoin is not buying through the investment funds circulating in the investment funds circulating for the same reason that public companies are tried mainly to collect bitcoin to increase the value of shareholders at the end of the day.”

He added that public companies are not related to macro headlines or feelings, such as ETF buyer, and therefore they can accumulate even during diving.

This strategy seems to be fruitful.

Investment funds circulated on the traded investment funds and hedge funds on more than 40 % of the total BTC bonds, with 1.4 million BTC. This translates into about 7 % of the total BTC supply 21 million.

Meanwhile, public companies have 848,333 BTC or 4 % of the total BTC supplies. From 4 %, Strategy The command of most BTC bonds, about 2.85 % of the total offer.

Simply put, the public treasury was a decisive factor in reducing the risk of negatives or diving.

Above 100 thousand dollars – but can it carry momentum?

The direction of the accumulation of these companies, regardless of the prevailing macro titles or feelings, the BTC price can help stay above $ 100,000.

However, the Q3 began a slow note, with the Bitcoin Bull Score Index, an index of the bullish signals on the chain and technology, and decreases to a neutral level.

In fact, head of Cryptoquant Research, Julio Moreno, to caution A continuous decrease in the index less than 60 can hinder the BTC marches.

At the time of the press, BTC was traded at $ 107.7 thousand, after it was bounced in support of $ 105,000. However, the short -term momentum was still in the declining direction unless it was decisively broken by $ 108,000.