For three consecutive quarters, U.S. listed companies have surpassed exchange-traded funds (ETFs) in terms of their bitcoin reserves. By the end of June, corporate holdings of bitcoin surged 18% to reach 131,000 bitcoins during the quarter, whereas bitcoin ETFs saw an 8% increase, totaling approximately 111,000 bitcoins. This trend underscores the accelerating pace at which companies are amassing bitcoin reserves and shifting their investment strategies accordingly.