Corporate treasuries bought just 5,900 bitcoin in 3 months. Other demand signals look weak, too.
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Publicly traded companies purchased about 5,900 Bitcoin over the past three months, marking a significant slowdown compared to the previous year. Most of these recent purchases were made by Nasdaq-listed Strategy (MSTR), which acquired 4,603 Bitcoin in late August. Corporate treasuries now hold about 1.22 million Bitcoin across 181 firms, but at the current Bitcoin price near $76,400, their average purchase price of $80,500 means that their holdings are underwater.
Why it matters
The source indicates that corporate demand for Bitcoin, seen as a key driver for a 2024–25 bull market, remains weak, which could limit upward price momentum. Though some institutional demand signals, such as inflows into U.S.-listed spot Bitcoin ETFs, show tentative recovery, stablecoin supply and Coinbase premium indicators suggest fresh capital inflows into crypto markets are tepid.
Key context
Corporate Bitcoin purchases peaked in 2025 with over 100,000 BTC added in a single recent month (July 2025), worth more than $8.9 billion when Bitcoin was trading above $100,000. Since then, their buying has sharply slowed. The average acquisition cost of corporate treasuries acts as a resistance level because companies are holding at a loss. Additional factors such as ETF inflows and stablecoin supply trends provide context for overall institutional and retail demand.
Key numbers and entities
Publicly traded companies added about 5,900 Bitcoin recently. Strategy (MSTR) holds approximately 845,050 BTC. Current Bitcoin spot price is near $76,400, compared with an average corporate treasury cost basis of $80,500. Corporate treasuries' total holdings across 181 firms amount to around 1.22 million BTC. Stablecoin supply has remained steady at about $300 billion to $310 billion this year.
What remains unclear
The source does not specify the reasons behind the slowdown in corporate purchases or whether this trend will continue. It also does not clarify how other potential buyers outside these publicly traded firms are impacting demand. Additionally, the implications for Bitcoin’s price beyond the observed demand trends are not discussed.