Public contributors such as Strategy (MSTR) and Metaplanet, as well as Bitcoin ETF Spot (BTC), continue to accumulate digital currencies, but prices cannot depart to their new historic maximums.
In the second quarter of 2025, public contributions added 131,000 BTC to their finances, increasing reserves by 18%, and ETF added 111,000 BTC, increasing by 8%.
This increase reflects an increase in adoption of Bitcoin as a reserve asset. Market dynamics hinder major rebounds.
Cryptoquant’s on-chain data provider explains that, although relevant, the agency’s purchases. They represent only a portion of the total cash demand. For example, on December 7, 2024, the company with ETF and Strategy, the fastest growth day for BTC, the largest possession of Bitcoin (597,325 BTC), contributed only 33% of the total growth in demand, reaching 771,000 BTC.
However, the general demand for Bitcoin has been contracted at 895,000 BTC in the last 30 days, neutralizing the impact of these acquisitions and slowing down bullish impulses.
Meanwhile, Bitcoin purchases through ETFs and strategies have shown a clear slowdown. ETFS obtained 86,000 BTC on December 7, 2024 We reduced purchases at 71,000 BTC on May 18, 2025, and as of July 5, 2025, we reduced 40,000 BTC.a 53% drop.
Similarly, the strategy led by Michael Saylor has dropped by 90%, down from the purchase of 171,000 BTC in December 2024 to just 16,000 BTC in the last 30 days. The company added 245 BTC on June 23, consolidating its position as a leader in corporate holdings, as reported by Cryptootics.
Despite these trends, Bitcoin is resilient, cited today at $108,000 and holds a resistance line of $100,000 over a long period.
Cryptoquant highlights a slower net growth in demand, which keeps the assets in the consolidation stage. Although positive, institutional purchases They are unable to compensate for the general contraction of demand, limiting the possibility of failure to new historical records.
In this context, Bitcoin adoption by public companies and ETFs continues to grow, but there is a differentiated rhythm and strategy.
Public companies have accumulated three times in a row to outperform ETFs, demonstrating a strategic commitment to the currency. However, for now, there is no wide demand for cash in the market. Bitcoin remains in a stabilization phase far from its historic peak It is expected by many investors.