Corporate bitcoin treasury acquisitions have significantly decreased, further intensifying the demand-side weakness seen in the market.
By Omkar Godbole Jun 11, 2026, 5:16 a.m. 2 min readMake preferred on Digital asset treasury buying has seen a notable reduction this month. (Adam Smigielski/Unsplash)Key Points:
- The decline in Bitcoin’s value from around $74,000 to below $60,000 has paralleled a significant decrease in purchases from both spot ETFs and corporate digital asset treasuries.
- Despite remaining net buyers, corporate treasury purchases have plummeted from over $500 million daily earlier this spring to minimal amounts this month, indicating a loss of a vital demand source.
- Since mid-May, U.S.-listed spot bitcoin ETFs have experienced net outflows exceeding $5.7 billion.
Bitcoin BTC$62,538.06 is facing reduced demand on two fronts.
While the withdrawal from spot ETFs has been extensively analyzed as a factor in Bitcoin's recent price drop, the sharp decline in acquisitions by digital asset treasuries has received less attention.
As noted by analysts from Glassnode, "As BTC fell from the mid-$70K range to below $60K, we observed a marked decrease in net inflows from corporate treasury firms, with daily purchases tapering to a fraction of previous levels."
They added, "Although companies are still net buyers, the downturn in their accumulation suggests a growing caution, further diminishing a source of marginal demand amid weak overall market sentiment."
Daily purchases by digital asset treasury firms, averaged over a 7-day period. (Glassnode)The chart illustrates the dollar value of daily net purchases by digital asset firms since June 2025, averaged over a seven-day period.
Demand from digital asset treasuries has nearly evaporated this month, significantly down from instances where daily accumulation exceeded $500 million in April and May.
This trend partly elucidates the rapid decline of BTC from $74,000 to below $60,000 last week.
Some analysts suggest that the sell-off was primarily triggered by the world's largest publicly traded BTC holder, Strategy, revealing that it sold 32 BTC in the last week of May. However, the firm returned to the market during the recent sell-off, purchasing approximately $100 million worth of BTC, which did not prevent prices from dropping below $60,000.
Currently, bitcoin is trading around $62,500.
The ongoing outflows from U.S.-listed spot ETFs represent another significant obstacle, draining capital and diminishing the likelihood of a price recovery. On Wednesday, these 11 funds reported an outflow of $213.85 million, according to SoSoValue. Cumulatively, total redemptions have surpassed $5.72 billion since early May.
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