Public Companies’ Bitcoin Buying Falls 90.6% as Strategy Adds 250 BTC
Public companies (excluding miners) made a net $22.5 million in Bitcoin purchases last week, down 90.6% from two weeks earlier, according to SoSoValue. Strategy bought 250 BTC at an average price of $86,194, spending about $22 million and bringing its holdings to 848,250 BTC. Metaplanet made no purchases. Bitcoin Japan bought 5.8847 BTC, while Bitmine disclosed a purchase of 1 BTC. Tracked public companies collectively held 1,163,359 BTC, up 0.3% from two weeks earlier, worth about $96.57 billion, or 5.8% of Bitcoin’s circulating market value. The sharp drop in weekly net buying points to slower corporate Bitcoin demand, although Strategy remained a major buyer.
Neutral
The figures send mixed signals for Bitcoin traders. Public companies’ weekly net buying fell 90.6% to $22.5 million, suggesting that corporate demand weakened sharply compared with two weeks earlier. This may limit one source of spot-market support and could weigh on sentiment if the slowdown continues. However, Strategy alone bought 250 BTC, while total holdings among tracked public companies rose 0.3% to 1,163,359 BTC. The data therefore show continued accumulation, rather than broad corporate selling. Similar corporate treasury announcements have often reinforced long-term confidence in Bitcoin, but their immediate price effect can be limited when broader drivers—such as ETF flows, macroeconomic conditions, liquidity and derivatives positioning—are more influential. In the short term, traders may focus on the decline in aggregate purchases as a sign of softer demand; the Strategy purchase may provide a modest counterpoint. Over the longer term, ongoing corporate holdings support the view that Bitcoin is being adopted as a treasury asset, but this single week’s data do not establish a durable trend. Overall, the mixed evidence supports a neutral market view.