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.
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 MSTR$132.26·Market Closed 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.
“A reclaim of $80.5K would put the treasuries back in profit and remove one layer of overhead supply; until then their entry is one more ceiling,” Glassnode added.