Institutional Investors Reduce Bitcoin Holdings by 130K BTC in Three Months

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

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

Strategy, formerly MicroStrategy, sold 1,638 BTC last week, marking a rare reversal for a company that has consistently accumulated Bitcoin since 2020.