Listed companies continue to show investment enthusiasm towards Bitcoin (BTC). According to recently disclosed data, companies have been purchasing Bitcoin for three consecutive quarters, more than they have with exchange-traded funds (ETF). Within the asset accumulation flow centered on institutional investment, companies' movements to strategically hold Bitcoin are becoming more prominent.
According to data provider Bitcoin Treasuries, listed companies secured approximately 131,000 BTC during the second quarter of 2025, a 18% increase quarter-on-quarter. In contrast, ETFs secured about 111,000 BTC during the same period, with an increase rate of only 8%. As Bitcoin establishes itself as a long-term held asset, corporate buying trends continue to outpace ETFs.
CNBC evaluated this trend, stating that "as the regulatory environment becomes more favorable to cryptocurrencies, companies seeking to benefit through strategic positioning are increasing." Nick Marie, research director at Ecoinometrics, said, "ETFs are merely an exposure mechanism, but companies accumulate Bitcoin as a means to enhance shareholder value." He added, "Regardless of Bitcoin's price being high or low, increasing holdings is the primary objective."
Currently, listed companies hold a total of 849,245 BTC, which amounts to approximately 9 trillion won (about $9 billion) at current market prices. Among these, MicroStrategy holds 70%, establishing itself as the undisputed leader in Bitcoin institutional investment. Additionally, unregistered companies are estimated to hold 290,878 BTC (approximately 4.3999 trillion won), meaning listed and unlisted companies collectively hold 5.7% of the total circulation. Including institutional funds like ETFs, they account for over 7% of the total.
Experts view this phenomenon as a 'temporary market imbalance (arbitrage)'. As regulatory barriers gradually ease and cryptocurrencies become more mainstream, companies' direct holding incentives might decrease. However, current analysis predominantly suggests that early entrant companies have potential arbitrage opportunities.
Meanwhile, companies' interest is spreading beyond Bitcoin to Ethereum (ETH). Recently, Bitcoin mining company BitMine announced plans to raise $250 million in private funds to secure Ethereum, after hiring Tom Lee from Fundstrat as chairman. Gaming technology company SharpLink has also secured Ethereum worth $460 million and is generating additional revenue through staking.
While Bitcoin maintains the highest market share, Ethereum's staking profitability is emerging as a new attraction point for institutional investors. Cryptocurrencies are transitioning from mere investment instruments to strategic assets.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>