MicroStrategy-led public firms outpace ETFs in BTC buys: What it means for Bitcoin
2025-07-02 18:13:34
Main Idea
Public companies, led by MicroStrategy, outpaced ETFs in Bitcoin accumulation in Q2, but BTC price momentum weakened entering Q3 despite strong demand.
Key Points
1. Public companies grew their BTC holdings by 18% in Q2, acquiring 131,000 BTC, while ETFs increased holdings by 8% (110,000 BTC).
2. ETFs and hedge funds control 40% of BTC treasuries (1.4M BTC), while public companies hold 848,333 BTC (4% of total supply).
3. MicroStrategy dominates public company BTC holdings, accounting for 2.85% of the total BTC supply.
4. BTC price momentum weakened in Q3, with concerns over the Bitcoin Bull Score Index dropping below 60 potentially derailing rallies.
5. At press time, BTC traded at $107.7K after bouncing from $105K support.
Description
BTC price momentum has weakened into Q3 despite massive demand from public companies in H1.
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