Asia Morning Briefing: BTC’s Institutional Waves Are Building, Not Breaking

Key Points

1. Jeff Dyment of Saphira Group argues that institutional Bitcoin adoption comes in waves, not steady linear increases, citing corporate holdings and ETF growth as evidence.

2. Public companies now hold 848,902 BTC (4% of total supply), with Q2 2025 seeing 131,000 BTC added to their balance sheets.

3. BlackRock’s IBIT fund holds 699,000 BTC (3.3% of total supply), and U.S. spot ETFs collectively hold 1.25 million BTC (6% of total supply).

4. BTQ Technologies introduced the Quantum Stablecoin Settlement Network (QSSN), a framework for quantum-secure stablecoins, compatible with existing standards and workflows.

5. Bitcoin and Ethereum showed mixed performance with Bitcoin testing key support levels and Ethereum rising amid institutional inflows and volatile trading.