Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Purchase volumes of Bitcoin treasury firms decline even as transaction numbers reach new highs.
In August, Bitcoin (BTC) treasury firms achieved a historic total of 840,000 BTC, yet the data indicates a decline in institutional interest.
A report from CryptoQuant dated Sept. 5 highlights that both purchase volumes and transaction sizes have fallen to their lowest levels in several years.
Strategy led the corporate accumulation of Bitcoin with 637,000 BTC, accounting for 76% of the overall treasury holdings. Meanwhile, 32 other firms possess the remaining 203,000 BTC.
Holdings increased significantly after the November 2024 US Presidential Election, with Strategy more than doubling its stake from 279,000 to 637,000 BTC, while other companies expanded their holdings from 15,000 to 203,000 BTC, a rise of 13 times.
Decreasing purchase volumes
In August, Strategy acquired 3,700 BTC, a sharp decline from the 134,000 BTC purchased in November 2024. Other treasury firms bought 14,800 BTC, which is below the 2025 average of 24,000 BTC and considerably less than their June peak of 66,000 BTC.
The average Bitcoin per transaction fell to 1,200 for Strategy and 343 for other firms, representing an 86% decrease from the highs seen in early 2025. The report suggested that the reduced transaction sizes may be due to liquidity issues or possible market reluctance among institutional investors.
Monthly growth in holdings for Strategy slowed significantly, dropping from 44% in December 2024 to just 5% in August. Other treasury firms exhibited similar trends, with monthly growth decreasing from 163% in March to 8% in August.
Related Posts
Despite completing 53 purchase transactions in June and maintaining high activity levels through August with 46 transactions, the frequency obscures a waning institutional demand. Treasury firms executed only 14 transactions in November 2024, making current activity levels seem strong in comparison.
The report concentrated on pure-play, publicly traded Bitcoin treasury firms holding 1,000 BTC or more, excluding mining companies and businesses with significant operational activities like Tesla and Coinbase.
Regulatory and market challenges increase
The treasury market is encountering new regulatory challenges as Nasdaq introduces shareholder approval requirements for equity issuances intended for crypto purchases.
This regulatory change targets the crypto-treasury strategy, where public companies sell equity or convertible securities to finance token acquisitions. Consequently, this adjustment may hinder the swift capital deployment that characterized 2025.
Additionally, Sequans Communications became the first Bitcoin treasury firm to implement a reverse stock split, modifying its American Depositary Shares structure to comply with NYSE listing standards.
The company holds 3,205 BTC, valued at around $355 million, but its stock has dropped 75% this year, raising concerns about possible asset sales to support share prices.
The report concluded by noting trends reminiscent of the 2020-2021 cycle, during which Strategy’s holdings growth peaked at 78% before falling to 6% a year later. The current situation indicates that institutional Bitcoin accumulation may be entering a similar phase of deceleration.
The post Bitcoin treasury companies’ purchase volumes slump despite record transaction count appeared first on CryptoSlate.
