Why doesn't bitcoin break records despite corporate accumulation?
Publicly traded companies added 131,000 bitcoin (BTC) to their treasuries in the second quarter of 2025. In the second quarter of 2025, publicly traded companies added 131,000 BTC to their treasuries, increasing their reserves by 18%, while ETFs added 111,000 BTC, an increase of 8%. CryptoQuant, an on-chain data provider, explains that institutional purchases, although significant, only represent a portion of total spot demand. For example, on December 7, 2024, the day with the highest growth in BTC demand, ETFs and Strategy, the company with the largest bitcoin holdings (597,325 BTC), contributed only 33% of the total demand growth, which reached 771,000 BTC.
