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Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases

  • Corporate treasuries globally have exceeded exchange-traded funds (ETFs) in Bitcoin acquisitions for three consecutive quarters, showcasing rising interest among public companies in Bitcoin investments.
  • Public companies acquired about 131,000 Bitcoin in Q2, marking an 18% increase in BTC holdings, while ETFs secured around 111,000 Bitcoin, growing by 8% during the same period.
  • Public companies prioritize accumulating Bitcoin to enhance shareholder value, while ETFs hold over 1.4 million BTC, remaining the largest holders compared to public companies.
  • The recent surge in public company Bitcoin acquisitions signals regulatory changes favoring the crypto industry, with notable firms like GameStop and KindlyMD entering the Bitcoin market for treasury reserve assets.

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