Businesses are investing more in BTC rather than an ETF in 2025. As per expectations, it was implied that ETFs would be the prime mover of the BTC market. But 2025 had responded differently with Michal Saylor’s firm, Strategy, buying 157,000 BTC, while over 683,000 BTC are held by other corporations collectively, equalling 3.3% of the total supply. On the other hand, ETFs hold just 1.13 million BTC valued at $115.66 billion collectively at all times. Who’s winning the battle? Only time will tell.