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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/12/2026

Corporate Bitcoin Buying Plummets 99% as Non-Strategy Treasuries Retreat

What happened: Corporate bitcoin treasury net inflows have collapsed from over $500 million per day earlier this year to nearly zero in June, according to Glassnode.

Corporate Bitcoin Buying Plummets 99% as Non-Strategy Treasuries Retreat

What happened: Corporate bitcoin treasury net inflows have collapsed from over $500 million per day earlier this year to nearly zero in June, according to Glassnode. Non-Strategy companies acquired just 1,000 BTC in the past 30 days—a 99% drop from the August 2025 peak of 69,000 BTC. Meanwhile, Strategy (MSTR) now accounts for 76% of all BTC held by listed treasury companies, having added $100 million in BTC during the recent sell-off. Spot BTC ETFs have experienced $5.72 billion in outflows since mid-May.

Why it matters: The sharp decline in corporate demand, particularly outside of Strategy, compounds the demand-side weakness already seen in ETF outflows. This retreat has contributed to Bitcoin’s price drop from the mid-$70,000s to the low $60,000s, erasing $62 billion in market cap from listed BTC-treasury companies. While some analysts maintain that Bitcoin’s store-of-value narrative remains intact, the data points to a significant shift in institutional sentiment and treasury management strategies.

Source: CoinDesk, Glassnode Research