Bitcoin treasury companies’ purchase volumes slump despite record transaction count
Bitcoin (BTC) treasury corporations reached a record holding of 840,000 BTC in August, however underlying knowledge reveal weakening institutional demand.
According to a Sept. 5 report by CryptoQuant, purchase volumes and transaction sizes plummeted to multi-year lows.
Strategy led company Bitcoin accumulation with 637,000 BTC, representing 76% of complete treasury holdings. At the identical time, 32 different corporations management the remaining 203,000 BTC.
Holdings surged following the November 2024 US Presidential Election, with Strategy greater than doubling its place from 279,000 to 637,000 BTC and different corporations increasing their holdings 13-fold from 15,000 to 203,000 BTC.
Declining purchase volumes
Strategy acquired 3,700 BTC in August, down dramatically from 134,000 BTC bought in November 2024. Other treasury corporations bought 14,800 BTC, which is beneath the 2025 common of 24,000 BTC and considerably decrease than their June peak of 66,000 BTC.
The common Bitcoin per transaction dropped to 1,200 for Strategy and 343 for different corporations, down 86% from early 2025 highs. The report attributed the smaller transaction sizes to liquidity constraints or potential market hesitation amongst institutional patrons.
Monthly holdings progress decelerated sharply for Strategy, falling from 44% in December 2024 to only 5% in August. Other treasury corporations skilled related patterns, with month-to-month progress dropping from 163% in March to eight% in August.
Despite recording 53 purchase transactions in June and sustaining elevated exercise by means of August with 46 transactions, the frequency masks declining institutional urge for food. Treasury corporations accomplished solely 14 transactions in November 2024, making present ranges seem sturdy by comparability.
The report centered on pure-play, publicly-traded Bitcoin treasury corporations holding 1,000 BTC or extra, excluding mining corporations and corporations with substantial working companies like Tesla and Coinbase.
Regulatory and market pressures mount
The treasury market faces new regulatory headwinds as Nasdaq implements shareholder approval requirements for fairness issuances used to purchase crypto.
The rule change targets the crypto-treasury playbook, the place public corporations promote fairness or convertibles to fund token purchases. As a consequence, this alteration might gradual the speedy capital deployment that characterised 2025.
In addition, Sequans Communications grew to become the primary Bitcoin treasury firm to execute a reverse stock split, adjusting its American Depositary Shares construction to take care of NYSE itemizing necessities.
The firm controls 3,205 BTC, valued at roughly $355 million, however its inventory declined 75% this yr, elevating issues about potential asset gross sales to defend share costs.
The report concluded by revealing patterns much like the 2020-2021 cycle, when Strategy’s holdings progress peaked at 78% earlier than declining to six% a yr later. The present setup suggests institutional Bitcoin accumulation could also be coming into the same deceleration part.
The publish Bitcoin treasury companies’ purchase volumes slump despite record transaction count appeared first on CryptoSlate.
