‼️ Public companies bought more bitcoin than ETFs did for the third quarter in a row
▶️ Corporate treasuries have surpassed ETFs in bitcoin buying for a third consecutive quarter as more companies try to benefit from the MicroStrategy playbook in a more crypto-friendly regulatory environment. ▶️Public companies acquired about 131,000 coins in the second quarter, growing their bitcoin balance 18%, according to data provider Bitcoin Treasuries. ETFs showed an 8% increase or about 111,000 BTC in the same period. ▶️Public company bitcoin holdings increased 4% in April, a tumultuous month after the market was rocked by President Donald Trump’s initial tariffs announcement, versus 2% for ETFs. Nick Marie, head of research at Ecoinometrics, suggested that 10 years from now, there probably won’t be so many companies committed to the bitcoin treasury strategy. Firstly, he said, the more that enter the category, the more diluted the activity at each firm becomes. Plus, bitcoin may be so normalized by then that proxy buyers are no longer constrained by rules and mandates around direct exposure to bitcoin. Source: CNBC
BREAKING: Corporate Bitcoin Holdings Skyrocket, Treasury Stacking Goes Parabolic.
Prepare accordingly. Source: @CarlBMenger
BlackRock's Bitcoin ETF drives more revenue than its S&P 500 fund.
Blackrock makes 0.25% fees on their IBIT ETF. That currently translates to $184 million in annual revenue (just for custody) and it's based on AUM (assets under management.) Source: Bloomberg
Top public bitcoin Treasury companies
The race is on to acquire as many bitcoin as possible. https://lnkd.in/e3G87qYN
The bitcoin stacking race is raging!!!
In Europe, The Blockchain Group ALTBG continues snagging some regular BTC buys. They now own 1,728 $BTC for ~€155.8 million at ~€90,155 per bitcoin⚡️ Source: microstrategist on X, Alexandre Laizet, The Blockchain Group
Bitcoin $BTC compared to the World's Biggest Companies
Source: Visual Capitalist
BITCOIN BALANCE ON EXCHANGES HITS AN ALL TIME LOW.
Source: Crypto Quant
They fought it. They laughed at it. Now they’re building on it.
Source: Swiss Holdler
