Institutions Accumulated 829,000 BTC in 2025 Despite 50% Price Pullback, River Report Shows

Institutions accumulated 829,000 BTC in 2025 even as Bitcoin traded roughly 50% below its all-time high, River's Bitcoin Adoption 2026 report shows. Registered investment advisors were net buyers for eight straight quarters with approximately $1.5 billion flowing into Bitcoin ETFs per quarter over the past two years, while around 60% of top US banks built Bitcoin products amid a more supportive regulatory environment. Corporate treasury demand grew about 2.5 times year over year, US merchants accepting Bitcoin tripled, and Lightning Network payments jumped roughly 300% to an estimated monthly volume above $1.1 billion, with five additional nation-states becoming Bitcoin holders in 2025 to bring total state involvement to at least 23 countries.