Global上市公司 Flock to Bitcoin Purchases

·

In a striking shift within the financial landscape, publicly traded companies are increasingly outpacing traditional investment vehicles in the race to accumulate Bitcoin. For three consecutive quarters, corporate Bitcoin acquisitions have surpassed those of exchange-traded funds (ETFs), signaling a growing institutional embrace of digital assets as strategic treasury reserves.

This surge is fueled by an evolving regulatory climate, heightened investor interest, and the proven success of early adopters who have turned Bitcoin into a value-driving asset on their balance sheets. As more firms follow suit, the trend underscores a broader transformation in how corporations view long-term capital preservation and growth.

Corporate Bitcoin Buying Surpasses ETFs for Third Straight Quarter

According to data from Bitcoin Treasuries, during the second quarter of 2025, publicly listed companies purchased approximately 131,000 Bitcoin—a seasonal increase of 18%. In contrast, ETFs added around 111,000 BTC over the same period, reflecting an 8% growth rate.

👉 Discover how institutional strategies are reshaping digital asset investment

This marks the third consecutive quarter in which corporate buyers have outpaced ETF inflows, reversing earlier dynamics when ETFs dominated new demand. The last time ETFs exceeded corporate purchases was in Q3 2024—before a pivotal shift in U.S. regulatory sentiment.

Why Companies Are Prioritizing Bitcoin Over Traditional Instruments

The driving force behind this trend lies not in short-term speculation but in long-term strategic positioning. Unlike ETF investors whose motives may be cyclical or performance-driven, corporations are accumulating Bitcoin with the explicit goal of enhancing shareholder value.

As Ecoinometrics research head Mari explained, even during periods of market volatility—such as April 2025, when former President Trump’s tariff announcement triggered turbulence—listed companies continued buying. Their Bitcoin holdings rose 4% that month, compared to just 2% for ETFs.

“These companies aren’t focused on price levels. They’re focused on increasing their Bitcoin reserves to enhance appeal to future investors,” Mari noted.

This mindset reflects a fundamental shift: Bitcoin is no longer seen as a speculative risk but as a viable treasury asset capable of outperforming traditional cash holdings in inflationary environments.

Regulatory Shifts Accelerate Institutional Adoption

A major catalyst for this transformation has been the evolving regulatory framework under the current U.S. administration. In March 2025, President Trump signed an executive order establishing a U.S. Bitcoin Strategic Reserve—an unprecedented move that signaled federal recognition of cryptocurrency as a legitimate and enduring financial asset.

This policy shift has reduced perceived reputational and operational risks for corporations considering Bitcoin adoption. The message is clear: digital assets are here to stay, and early movers may gain significant advantages in credibility and financial resilience.

Notable Corporate Entries in Q2 2025

Several high-profile companies initiated or expanded their Bitcoin holdings during the second quarter:

These moves reflect a maturing ecosystem where Bitcoin is no longer the domain of niche tech firms but a mainstream component of corporate financial planning.

👉 See how new financial models are integrating blockchain assets

ETFs Still Dominate Total Holdings—but Corporations Are Closing the Gap

Despite the recent momentum, ETFs remain the largest collective holders of Bitcoin. Since the launch of spot Bitcoin ETFs in the U.S. in January 2024, these funds have amassed over 1.4 million BTC—roughly 6.8% of Bitcoin’s 21 million coin supply cap.

Publicly traded companies collectively hold about 855,000 BTC, representing approximately 4% of total supply. While still behind ETFs in aggregate volume, the pace of corporate accumulation suggests a narrowing gap in the years ahead.

Strategy (Formerly MicroStrategy) Leads the Pack

At the forefront of this movement is Strategy (formerly MicroStrategy), which continues to dominate corporate Bitcoin ownership with approximately 597,000 BTC in reserve. Its aggressive treasury policy—financing debt and equity offerings specifically to buy more Bitcoin—has inspired over 140 other public companies to adopt similar strategies.

CEO Michael Saylor’s vision of using Bitcoin as a “hard currency hedge” against monetary inflation has become a blueprint for others navigating uncertain macroeconomic conditions.

Is This Trend Sustainable Long-Term?

While momentum remains strong today, experts caution that the trend may evolve significantly over the next decade. Ecoinometrics’ Mari suggests that as more corporations enter the space, individual impact will diminish due to market saturation.

Moreover, widespread adoption could lead to regulatory changes allowing proxies or institutional intermediaries to hold Bitcoin directly—reducing the need for companies to act as de facto custodians.

“This wave can be seen as corporations capturing arbitrage opportunities before broader access becomes available,” Mari said.

Eventually, direct ownership may become less necessary as infrastructure improves. But for now, being an early accumulator offers tangible benefits in market perception, investor confidence, and balance sheet strength.

Frequently Asked Questions (FAQ)

Q: Why are companies buying Bitcoin instead of holding cash or bonds?
A: Many firms see Bitcoin as a superior store of value compared to fiat currencies, especially amid persistent inflation and low bond yields. Its fixed supply makes it resistant to devaluation.

Q: Are corporate Bitcoin purchases risky?
A: While price volatility exists, companies like Strategy argue that the long-term appreciation potential outweighs short-term fluctuations. Diversification and strategic allocation help mitigate risk.

Q: How does this affect shareholders?
A: When managed transparently, Bitcoin reserves can enhance equity value by introducing a high-growth asset class into otherwise conservative portfolios.

Q: Could regulators reverse course and penalize corporate crypto holdings?
A: Regulatory risk remains, but recent U.S. policy shifts indicate growing acceptance. Clear compliance frameworks are emerging to support institutional participation.

Q: Will small companies follow this trend too?
A: Smaller firms may face higher barriers due to custody and compliance costs. However, as infrastructure matures, broader adoption across market caps is likely.

Q: What happens if a company needs to sell its Bitcoin?
A: Most firms adopting this strategy emphasize long-term holding. However, liquidity options exist through OTC markets and financial products designed for large-volume sales without market disruption.

👉 Explore secure platforms for institutional digital asset management

Core Keywords

The accelerating adoption of Bitcoin by global上市公司 signals a profound rethinking of corporate finance. As regulatory clarity improves and early successes become case studies, more boards will likely consider digital assets not as fringe experiments—but as essential tools for future-proofing enterprise value.