Corporate Buying in Bitcoin Surges as Available Supply Tightens

The trend of corporate buying in Bitcoin is gaining momentum, and it's happening just as available supply is tightening. According to CoinGlass data, nearly 40,000 BTC have left exchanges this week alone, bringing total exchange holdings down to 2.46 million BTC, the lowest level since mid-May. This comes as Strategy CEO Michael Saylor shared an 'Orange signal' on X, indicating a possible BTC purchase, and Strive CEO Matt Cole hinted at buying more Bitcoin.

With corporate accumulation picking up pace, stock prices are rising for companies like Strategy and Strive. MSTR has gained 20% this month alone, while Strive's share (NASDAQ: ASST) has climbed strongly after a huge rally last month. A higher stock price gives these companies more room to raise capital and potentially scale their Bitcoin treasuries.

The BTC/Gold ratio is up over 13% so far this month, extending last month's 15% rally and taking its Q3 gain to around 37%. This rotation could become an important backdrop as macro volatility builds into Q4. Companies usually buy BTC with a long-term perspective, and rising stock prices can provide them with more space to raise capital and expand their BTC holdings.