According to BlockBeats, in the first half of 2025, listed companies purchased a total of 245,510 Bitcoins, more than double the quantity purchased by ETFs during the same period (118,424 BTC).
The numbers from the beginning of this year to now have increased by 375% compared to the 51,653 BTC purchased by companies in the first half of 2024. In contrast, the purchase volume of ETFs has decreased by 56%, with as many as 267,878 BTC purchased at the launch of ETFs in early 2024.
Since each share of an ETF is backed by actual bitcoins, the number created usually reflects demand from retail investors, hedge funds, and registered investment advisors. In contrast, corporate financial purchases reflect direct strategic decisions by management. Therefore, the widening gap indicates that the board's confidence in Bitcoin as a reserve asset is continuously increasing, rivaling the enthusiasm of retail and institutional investors.
Among them, the company 'Strategy' alone purchased 135,600 BTC, accounting for 55% of all purchases made by listed companies. In the same period of 2024, this company accounted for 72% of corporate Bitcoin purchases. This indicates that by 2025, corporate demand for Bitcoin is no longer concentrated in a single leading company but has significantly diversified.
