The race for Bitcoin is shifting. Big companies are racing ahead of funds and everyday investors. Corporate treasuries have grabbed 157,000 BTC so far this year. That’s roughly $16 billion at today’s prices. Meanwhile, exchange-traded funds have picked up 49,000 BTC—about $5 billion. Governments chipped in with 19,000 BTC. Individual holders, though, have sold off a net 247,000 BTC.
Based on reports, funds and states play second fiddle. ETFs have added another 49,000 Bitcoin this year. That’s a big number, but still far below firms’ haul. Governments have moved too, with around 19,000 BTC added to their reserves. It’s a sign that public bodies see Bitcoin as more than just a trend.
The wave of corporate buying isn’t all finance giants. River says finance and investment groups account for nearly 36% of business purchases. Tech firms come next at close to 17%, then consultants at over 16%.
Other buyers include real estate, non-profits, consumer and industrial groups, plus healthcare, energy, agriculture, and transport companies. Newcomers in 2025 range from video platform Rumble to Hong Kong builder Ming Shing.
The laws of supply and demand are kicking in. With more buyers than new coins, the market tightens. CryptoQuant’s CEO Ki Young Ju pegs this strain at a –2.3% annual deflation rate for Bitcoin. He says corporate hoarding outpaces miner output, in effect “halving” supply. Author Adam Livingston echoed that idea, calling it a synthetic cut in coin creation. If these trends hold, price floors could lift higher than before.
Corporate appetite has rewired the Bitcoin market this year. It’s no longer just hobbyists or traders chasing quick gains. Big players are treating Bitcoin like cash on their balance sheets. That creates a tighter market. If they slow their buys, miners may flood supply back in. For now, though, it’s clear: businesses are in the driver’s seat.
Featured image from Gemini Imagen, chart from TradingView
