- The Collapse of Corporate Bitcoin Buying Strategies Except:

The relentless effort of "MicroStrategy" to accumulate Bitcoin on its balance sheet has not slowed, despite the price correction that hit a yearly low of $60,000 in February. The company, the largest corporate Bitcoin holder, has purchased over 45,000 BTC(CTC) in the past 30 days. According to Crypto Quant data, this is the highest 30-day purchase rate since April 2025. MicroStrategy's holdings amount to 762,099 BTC, valued at $51.68 billion, at a cost basis of $75,694 per Bitcoin.

Corporate Bitcoin Holdings Outside of Mining Companies | Source: SoSoValue

Purchases of Bitcoin by all other companies except MicroStrategy remain significantly low at 1,000 BTC over the past 30 days. Compared to 66,000 BTC bought in August last year, this represents a 99% decrease and accounts for only 2% of total Bitcoin purchases, down from 95% in October.

Bitcoin Treasury Purchases Over 30 Days | Source: CryptoQuant

- Has the Bitcoin Price Rise Season Ended?
The number of Bitcoin purchases outside of MicroStrategy has decreased by 76%, totaling 13 purchases over the past 30 days, compared to 54 purchases in August. Overall digital asset trading activity saw a significant increase in late April and peaked in August, as shown in the chart below. Meanwhile, buying activity within MicroStrategy remained relatively high, averaging between four and five purchases during the 30-day period.

30-Day Bitcoin Bond Purchases | Source: CryptoQuant

With major companies shying away from Bitcoin, MicroStrategy’s interest in the largest cryptocurrency by market cap remains steady. This disparity in interest has driven MicroStrategy’s holdings up by 90,000 BTC this year, while other companies have only bought 4,000 BTC. Currently, MicroStrategy accounts for 76% of total holdings, with the remaining 24% distributed among other companies.

Daily Holdings of Bitcoin Treasury Companies | Source: CryptoQuant