Public companies get 1.15M BTC for Q1 2026 — MicroStrategy dey lead
Public companies get 1.15 million BTC after dem add 50,351 BTC for Q1 (+4.6% QoQ), about 5.47% of total supply, na Bitwise Asset Management talk. MicroStrategy na big buyer: e add ~89,000 BTC for Q1 and e hold 818,334 BTC by late April (about 66% of listed firms' BTC). Dem average cost na ~$75,537 per BTC and dem still get ~ $14.46B unrealized losses after BTC drop more than 20% in the quarter.
Metaplanet self still dey accumulate — e buy 5,075 BTC for ~ $400M at ~ $79,900/BTC and raise holdings to 40,177 BTC, pass MARA make e become third-biggest listed corporate holder. Meanwhile MARA reduce exposure, sell about ~15,133 BTC in March (about $1.1B proceeds), end with 38,689 BTC. Public miners overall sell more than 32,000 BTC in Q1 to meet cash needs.
Traders make una note say public companies hold 1.15 million BTC, but holdings concentrated well. If BTC fall further, balance-sheet stress fit tighten liquidity and make volatility increase — even though corporate bid support still dey.
Neutral
Corporate demand still dey constructive: public companies get 1.15 million BTC and Q1 net adds (50,351 BTC) show say dem still dey accumulate, MicroStrategy dey lead and Metaplanet dey support. But the other side of the flow dey worsen short-term: MARA sell about 15,133 BTC and publicly listed miners together sell over 32,000 BTC in Q1, wey fit counter spot demand and add sell-pressure.
Because the biggest corporate holdings dey concentrated for few balance sheets, more BTC weakness fit force more liquidations or reduce extra buying, make volatility rise. Net effect on BTC price na mixed—supportive long-term, but fit destabilize near-term—so expected impact na neutral.