Institutional Bitcoin Holdings Drop Amid Pressure on Treasury Model

Institutional investors have reduced their Bitcoin holdings by approximately 130,000 BTC over the past three months, according to data cited by Cointelegraph. This decline brings their total holdings to 1.2 million BTC from 1.33 million BTC.

The reduction in institutional holdings coincides with growing strain on Bitcoin treasury companies, which have historically relied on a funding model that takes advantage of stock prices trading above the net asset value (NAV) of their Bitcoin holdings.

Strategy, the largest corporate Bitcoin holder, sold 1,638 BTC last week, marking a rare reversal for a company that has consistently accumulated the cryptocurrency since 2020.