Public Companies Buy More Bitcoin Than ETFs for Third Consecutive Quarter

Public Companies Buy More Bitcoin Than ETFs for Third Consecutive Quarter


Publicly traded companies are rapidly building bitcoin

BTC$107,641.97

reserves, buying more of the largest cryptocurrency than U.S. exchange-traded-funds (ETF) for the third straight quarter, according to CNBC.

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Corporations increased their bitcoin holdings by about 18% in the three months ended June 30, adding roughly 131,000 BTC. The ETF holdings grew 8%, or around 111,000 BTC, based on figures from Bitcoin Treasuries.net.

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