Overview
- CryptoQuant says Strategy bought about 45,000 BTC in the past 30 days as other treasury firms purchased roughly 1,000.
- Other corporate buyers’ share of monthly purchases has fallen to about 2% from roughly 95% at last year’s peak, according to CryptoQuant.
- Strategy now holds about 76% of all bitcoin kept on corporate balance sheets, making it the dominant treasury holder.
- Galaxy Digital said the treasury-company model relied on shares trading above the value of held bitcoin, and firms that bought near the top such as Metaplanet and Nakamoto Holdings now face average costs above $107,000.
- SoSoValue data cited by Bitcoinist shows US spot Bitcoin ETFs have logged small recent net inflows, which signal tentative interest that does not offset the concentration in corporate buying.