Treasuries Buy Paltry Amount of Bitcoin Amid Weak Market Demand

Cryptocurrency market activity has been sluggish in recent months, according to data from CoinDesk. Corporate treasuries have purchased just 5,900 Bitcoin (BTC) over the past three months, a relatively low number considering the asset's popularity.

This lack of demand from institutional investors is part of a broader trend of weak signals in the market. The news may be concerning for those who had hoped for increased adoption and usage of cryptocurrencies like BTC.