Corporate treasuries bought just 5,900 bitcoin in 3 months. Other demand signals look weak, too.
Corporate treasuries bought just 5,900 bitcoin in three months, while broader demand signals remain weak.
- Publicly traded companies added about 5,900 Bitcoin over the past three months, a sharp slowdown from a year earlier.
- Corporate treasuries’ average purchase price is about $80,500, leaving the group underwater as bitcoin trades near $76,400.
, suggesting that a key source of demand behind the 2024–25 bull market remains weak as the cryptocurrency attempts a sustained rebound.
Those firms have added only about 5,900 BTC over the past three months, according to Glassnode, a fraction of last year’s pace. Nasdaq-listed Strategy · accounted for most of that buying, including a late-August purchase of 4,603 BTC.
At a spot price near $76,400, those 5,900 coins are worth roughly $451 million. That is not a trivial sum, but it looks small next to the same period a year earlier, when bitcoin was still trading above $100,000.
Corporate treasuries added more than 100,000 BTC during that period, including 89,000 coins in July alone. By comparison, the recent 5,900-BTC purchase amounted to less than 7% of the July 2025 total. With bitcoin trading above $100,000 at the time, that month’s buying was worth more than $8.9 billion, exceeding the market capitalization of most cryptocurrencies outside the top 15.
