Strategy Dominates Corporate Bitcoin Treasury Purchases

Corporate Bitcoin treasury activity has concentrated around Strategy (formerly MicroStrategy), which bought about 45,000 BTC in the last 30 days, while all other public-company treasuries bought roughly 1,000 BTC combined, CryptoQuant shows. The shift follows Bitcoin’s fall from a $126,000 peak to about $70,000 and compressed equity premiums that undercut stock-based financing, reducing sector-wide buying and pressuring smaller treasury firms’ strategies.