Corporate Treasuries Cut Bitcoin Buying Amid Slowed Accumulation

Publicly listed companies have slowed their Bitcoin purchases over the past three months. According to Glassnode data, they added only about 5,900 BTC during this period, which is far below last year's buying pace.

Last year, these firms bought more than 100,000 BTC over a comparable period, with around 89,000 BTC purchased in July alone.

Corporate treasuries currently hold about 1.22 million BTC, but the average cost basis for this group is near $80,500. This means that Bitcoin remains below its average entry price at current market levels.

The largest listed corporate Bitcoin holder, Strategy, controls around 845,050 BTC and has recently been accumulating more funds through strategy-driven purchases.