Corporate Bitcoin Buying Slows to 5,900 Coins in Three Months
Publicly listed companies added only 5,900 Bitcoin over the last quarter. This represents a sharp decline from previous periods and leaves most treasury holders at a loss.
Publicly listed companies added 5,900 Bitcoin over the past three months. This figure marks a significant slowdown in corporate accumulation. The current spot price sits near $76,400. The average purchase price for these firms is $80,500. As a result, the group is currently underwater by approximately 6%.
The total value of these recent purchases is roughly $451 million. This amount is less than 7% of the 89,000 coins bought in July alone. In July, corporate buying exceeded $8.9 billion. Glassnode reports that treasuries were a major buyer in 2025 but have since stepped back.
Corporate Holdings Remain Underwater
Public-company holdings total approximately 1.22 million Bitcoin. These assets are spread across 181 listed firms. Strategy holds the largest position with 845,050 coins. Metaplanet ranks among the next-largest corporate stacks. The group remains below their average entry cost. A price recovery to $80,500 would be required to turn these positions profitable.
Until that level is reclaimed, the entry price acts as a ceiling. This creates overhead supply in the market. The failure to sustain gains above this level highlights weak demand. Institutional buyers are currently waiting for clearer price signals.
ETF Flows Show Mixed Signals
U.S. spot Bitcoin ETFs have attracted billions since August. This indicates a rebound in institutional interest. However, flows remain about $1 billion negative year-to-date. Data from SoSoValue confirms this deficit. The sector has not yet turned fully positive for the year.
Stablecoin Supply Stays Flat
Total stablecoin supply has remained between $300 billion and $310 billion. This metric tracks new fiat capital entering the crypto market. Supply has been stagnant in recent weeks. This stagnation occurred even during the mid-August price surge. The data suggests that fresh capital inflow remains tepid.
The Coinbase premium indicator has been negative since May. This shows Bitcoin trading at a discount to offshore prices. U.S. buyers are showing weaker demand than global traders. The combination of flat stablecoins and negative premiums points to sustained pressure on prices. GN auto markets/crypto: crypto regulation notes that demand signals remain broadly weak.
