Institutional Bitcoin Treasury Buys Plummet 97% Despite Record 840K BTC Holdings
Bitcoin treasury purchases by public and private companies have slowed sharply, even as total holdings hit a record 840,000 BTC in 2025, according to CryptoQuant. After MicroStrategy’s all-time high acquisition of 134,000 BTC in November 2024, its monthly buy volume plunged by 97% to just 3,700 BTC in August 2025. Other corporate treasuries added 14,800 BTC in August but remain far below their January peak of 66,000 BTC. Meanwhile, BTC trades around $111,000, up 0.48% in 24 hours with a 4.56% rise in volume, yet is still 3.76% down for the month. This slowdown in institutional demand signals waning momentum in incremental corporate allocations and raises concerns over market resilience heading into a potential crypto winter.
Bearish
The sharp decline in institutional Bitcoin treasury purchases—especially MicroStrategy’s 97% drop—signals that incremental corporate demand is drying up despite record holdings. Historically, when public and private treasuries pause or slow acquisitions, it removes a key bid under price support and often precedes periods of sideways trading or pullbacks. In the short term, reduced buy pressure may lead to greater volatility and downside risk around critical resistance levels (e.g., $113,700). Over the longer term, while cumulative holdings remain high, sustained cautious behavior raises doubts about how these entities will act in a market downturn. If institutions retract further or liquidate during a protracted crypto winter, it could exacerbate bearish sentiment and amplify price declines.