Public companies bought more bitcoin than ETFs did for the third quarter in a row

Key Points

• Public companies grew their bitcoin balance about 18%, according to data provider Bitcoin Treasuries, while ETFs showed an 8% increase in the same period.
• The market may see a segmentation of leveraged bitcoin equities, with different company profiles offering diversified risk-reward profiles.
• The rush for public companies to increase shareholder value by adopting a bitcoin treasury strategy may not be around for more than a few years.