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