Analysis: Listed companies have purchased more Bitcoin than ETFs for three consecutive quarters

Odaily Planet Daily News: Data provider Bitcoin Treasuries tracking information shows that listed companies purchased approximately 131000 bitcoins in the second quarter of 2025, and their bitcoin balances increased by 18%. During the same period, the holdings of Bitcoin ETFs increased by 8% to approximately 111000 bitcoins. However, currently Bitcoin ETFs are still the largest holders of Bitcoin, holding over 1.4 million coins, accounting for approximately 6.8% of the fixed supply limit of 21 million coins, while listed companies hold a total of approximately 855000 Bitcoin coins, accounting for approximately 4%. （CNBC）