- Public Treasury companies have increased their BTC balance by 18% in T2.
- ETFs expanded BTC Holdings by 8% but still controlled 40% of BTC vouchers.
Public companies, led by Michael Saylor’s strategy (formerly Microstrategy), have exceeded the ETF of American points (negotiated stock market funds) in Bitcoin (BTC) Accumulation during T2 2025.
According to data on Bitcoin vouchers compiled By CNBC, public companies have acquired 131,000 BTCs, increasing their assets by 18%. On the other hand, the ETFs bought 110,000 BTC, a modest increase of 8% compared to the same period.
This marked the third consecutive quarter where the public treasury bills surpassed the buyers of FNB in ​​the net accumulation.
Source: CNBC
Same district, same conviction?
In fact, T2 growth reflected the first quarter, where public enterprises increased by 17.6% of BTC holdings.
However, the FNBs only increased by 0.5% in the first quarter, which coincided with heavy winds of heavy macro and a feeling of angle. Reacting to divergence, Eric Marie, research manager at Ecoinmetrics, said,
“The institutional buyer who is exposed to Bitcoin via the FNB does not buy for the same reason that public companies who essentially try to accumulate Bitcoin to increase the value of shareholders at the end of the day.”
He added that public companies are not linked to macro-titles or feelings, such as buyers of ETFs, they can therefore accumulate even during dives.
This strategy seems to bear fruit.
The FNB and the Hedge Funds dominated more than 40% of BTC Global vouchers, with 1.4 million BTC. This results in about 7% of the total BTC offer of 21 million.
Source: Bitcoin treasure
Meanwhile, public companies hold 848,333 BTC or 4% of the total BTC offer. Of the 4%, the Strategy Order the majority of BTC vouchers, around 2.85% of the total offer.
In simple terms, public treasury bills have been a crucial factor to reduce the risk of lowering BTC or diving.
Above $ 100,000, but can the dynamics hold?
And the tendency to accumulate these companies, regardless of the titles or feelings in force of macro, could help the price of the BTC to stay above $ 100,000.
That said, the Q3 started on a slow note, with the Bitcoin Bull score index, an indicator according to bull and technical signals, falling at a neutral level.
In fact, the cryptotic research manager, Julio Moreno, warned That a sustained drop in the index of less than 60 can derail the BTC rallies.
Source: Julio Moreno / X
At the time of the press, BTC exchanged $ 107.7,000, after rebounded from the assistance of $ 105,000. However, short -term momentum was still in a downward trend unless it decisively exceeded $ 108,000.
Source: BTC / USDT, tradingView
