It is difficult to imagine an environment that would be more advantageous for the adoption of Bitcoin (BTC) in facilities, but it stubbornly refuses meetings.
Despite a sustained influx of spot ETFs and increasing purchases of record-setting by businesses, BTC has recovered just 9% up to now.
Many investors predicted that the BTC bull cycle had been in full swing by now, given that 2025 was more bullish than any other year in history due to some metrics.
In fact, in the past six months, the number of publicly available BTC acquisition companies has almost doubled. These companies have purchased 241,644 BTC since the beginning of the year And now it holds a total of 832,293 BTC.
The purchase of leveraged fuel through Michael Saylor’s strategy (previously micro-tactics) means he continues to earn an additional 10,100 BTC with his latest purchase this week.
Even unrelated companies like Prenetics and Gamestop are taking part in BTC Treasury races on multi-million dollar BTC plans.
It is clearly stated, Publicly available companies increased their holdings by 41% This year we have reduced our global distribution supply of BTC by more than $24 billion (1.2%).
There will be no gatherings in 2025. Bitcoin means there is something to explain
Furthermore, the fund flow adds an even greater strength to institutional bidding. Public funds like ETFS held 1,289,026 BTC on behalf of their clients at the beginning of the year.
Investing today Inflow increased holdings by 7% To 1,382,151 BTC.
Read more: US government may use tariffs to buy BTC
The government also increased its holdings through public/private mining partnerships, criminal attacks and other actions. Since its inception in 2025, the government has increased its BTC holdings by 2.6% from 513,794 to 527,773.
Despite all of these bullish factors and the highest ever high in institutional adoption, BTC is stuck in a narrow area for most of the year.
Despite hundreds of billions of spot purchases by corporate executives and fund managers, it was unable to maintain a rally above the December 2024 high of $108,100.
