Corporate treasuries purchased only 5,900 Bitcoin in the last three months, indicating a decline in demand compared to last year.
Corporate treasuries have made minimal Bitcoin acquisitions, purchasing only 5,900 BTC over the past three months, a stark drop compared to previous years.
Minimal Bitcoin Acquisitions Signal Weak Demand
Recent data indicates that publicly traded companies collectively acquired just 5,900 Bitcoin in the last quarter, reflecting a significant decline in interest compared to last year. This figure is about 7% of what was amassed during the same period in 2025, when corporate treasuries were active buyers.
Notably, the average acquisition price for these treasuries stands at approximately $80,500, which means they are currently at a loss, as the market price hovers around $76,400. The total value of the recent purchases is estimated at $451 million, a sharp decline from last year when Bitcoin prices exceeded $100,000.
In the previous year, corporate treasuries acquired over 100,000 BTC during the same timeframe, including a staggering 89,000 BTC in July alone. In contrast, this year's activity reflects a dramatic decrease in corporate interest.
According to Glassnode, which reported on this trend, Strategy Inc. was the primary contributor to the recent acquisitions, having purchased 4,603 BTC in late August. The report highlights that corporate treasuries were significant buyers in 2025 but have now retreated, with their average entry price surpassing current market values.
“Corporate treasuries were significant buyers throughout 2025, but they have now retreated,” stated Glassnode.
Indicators of Broader Demand
Other demand indicators present mixed signals. U.S.-listed spot Bitcoin ETFs have attracted billions since early August, suggesting a renewed institutional interest, yet they remain short of achieving a positive year-to-date performance.
The Coinbase premium indicator, which measures the price difference between U.S. and offshore exchanges, has predominantly shown negative readings, indicating weaker demand from U.S. buyers compared to their international counterparts.
Additionally, the stablecoin supply, which analysts track as a barometer for new fiat capital entering the crypto market, has stabilized around $300 billion to $310 billion this year, suggesting that new investments remain lukewarm despite fluctuations in Bitcoin prices.
