Public companies increase Bitcoin treasuries despite flat prices
Public companies continued to add to their Bitcoin treasuries in early 2026 even as BTC prices remained largely flat. Nasdaq-listed American Bitcoin Corporation (co-founded by Eric Trump) raised its holdings to 5,843 BTC—up 416 BTC—claiming a 116% BTC-per-share yield through Jan. 25, 2026. Hyperscale Data’s subsidiary Ault Capital Group bought 10 BTC, bringing consolidated holdings to 560 BTC. SRx Health Solutions disclosed $18 million in crypto holdings across Bitcoin and Ether. Strategy (the largest corporate Bitcoin holder) made sizable January purchases: 1,283 BTC (~$116M) on Jan. 5, then 13,627 BTC (~$1.25B), plus 22,305 BTC (~$2.13B) and 2,932 BTC (~$264M), bringing its total to 712,647 BTC. Meanwhile, GameStop moved its entire 4,710 BTC holding to Coinbase Prime, prompting speculation it may reassess its treasury approach. Bitcoin traded near $88,000 and was down ~12% year-on-year. Key takeaways for traders: corporate accumulation is ongoing, with large institutional buys (Strategy) materially increasing supply held off-market; smaller companies continue incremental buys; and some firms may reallocate or prepare to sell, indicating mixed corporate behavior. Primary keywords: Bitcoin, Bitcoin treasury, corporate accumulation, BTC. Secondary/semantic keywords: institutional buying, public companies, Nasdaq, coin holdings, market liquidity.
Bullish
Corporate accumulation of Bitcoin—especially large, concentrated purchases by major holders like Strategy—reduces circulating supply available to the market, which is structurally bullish over time. Strategy’s multi-billion-dollar buys and growing total to 712,647 BTC represent a significant off-market sink; such accumulation limits sell-side liquidity and can amplify price moves on positive sentiment or demand shocks. Smaller public companies increasing holdings (American Bitcoin Corp., Hyperscale Data, SRx Health) reinforce the pattern of institutional adoption and create a steady buy-demand floor. Historical parallels: MicroStrategy’s long-term accumulation since 2020 helped underpin bullish narratives and reduced available supply, contributing to upward price pressure when macro sentiment improved. Offsetting factors include single-company reallocations—GameStop’s transfer to Coinbase Prime may presage sales or strategy shifts—which introduce short-term selling risk and market uncertainty. Short-term impact: modestly bullish due to steady demand and reduced liquidity, but price may remain range-bound while macro factors (rates, macro risk appetite) and near-term selling from some corporates play out. Long-term impact: bullish if accumulation persists, as continued institutional reserve-building supports higher floors and reduces free float, increasing the potential for sustained price appreciation when demand rises.