Michael Saylor’s Strategy is ramping up its bitcoin purchases, standing out as the sole corporate treasury actively accumulating the cryptocurrency amid a broader decline in corporate interest. According to CryptoQuant, purchases by other corporate treasuries have plummeted 99% from their August 2025 peak, with Strategy acquiring approximately 45,000 BTC over the past month, marking its highest buying rate since April 2025. In contrast, other companies collectively bought just 1,000 BTC, reducing their share of total corporate bitcoin holdings from 95% in October to a mere 2%.
This concentration of demand in Strategy raises concerns about the fragility of bitcoin’s price support, particularly as the stock trades over 71% below its 52-week high and bitcoin itself has dropped 48% from its October peak. While Saylor emphasizes the decentralized nature of bitcoin, the reliance on a single entity for significant demand could pose risks if funding conditions change.
Market professionals should monitor Strategy’s accumulation closely, as it could influence bitcoin’s demand dynamics and overall price stability, especially given the contrasting trends in ETF inflows and retail interest.
Source: cnbc.com