According to online reports, in the first half of 2025, listed companies purchased a total of 245,510 bitcoins, more than double the number of ETFs purchased during the same period (118,424 bitcoins). This year-to-date figure is an increase of 375% compared with the 51,653 BTC purchased by companies in the first half of 2024. In contrast, ETF purchases fell by 56%, with as many as 267,878 BTC purchased when the ETF was launched in early 2024. Since every share of an ETF is backed by actual Bitcoin, the number created often reflects demand from retail investors, hedge funds and registered investment advisers. The purchase of corporate financial coins reflects the direct strategic decision of management. Therefore, the widening gap shows that the board's confidence in Bitcoin as a reserve asset is growing and can already match the enthusiasm of retail and institutional investors. Among them, Strategy alone purchased 135,600 BTC units, accounting for 55% of all listed companies 'purchases. In the same period in 2024, the company accounted for 72% of corporate currency purchases. This shows that by 2025, corporate demand for Bitcoin will no longer be concentrated on a single leader company, but will be significantly diversified.