PANews reported on November 12th that, according to data from Bitcoin Treasuries, global listed companies collectively added 195,000 Bitcoins to their holdings in the third quarter of 2025, equivalent to approximately $20.5 billion based on the average price during the quarter. This marks another large-scale institutional buying spree following the second quarter of this year (when holdings increased by 139,000 BTC), indicating a continued rise in corporate interest in Bitcoin as a reserve asset. Data shows that since the beginning of 2024, listed companies have cumulatively increased their Bitcoin holdings by over 700,000 coins.