Declining Bitcoin Treasury Buys Amid Increased Reserves - What's the Implication?
In the midst of the much-anticipated crypto winter, the behaviour of treasury companies holding Bitcoin is raising significant concerns. A recent report from blockchain analytics firm, CryptoQuant, has shed light on an accumulating activity trend in Bitcoin treasuries.
According to the report, the flow of new institutional money seems to be drying up. The data suggests that the most aggressive institutional accumulator of Bitcoin, Strategy, has reduced its buying pace by 97% over the last 12 months. This is evident in the drop from an all-time high of 134,000 BTC acquired by Strategy, led by Michael Saylor, in November 2024, to just 3,700 BTC in August 2025.
Other companies have also added 14,800 BTC to their treasuries in August, but their volumes remain far below the peaks seen earlier in 2025. This trend is particularly noticeable when compared to the temporary surge in early 2025, where these companies recorded a 66,000 BTC all-time high purchase in January.
Despite the slowing institutional investment, CryptoQuant's weekly report, posted on September 5, reports that Bitcoin treasury holdings by public and private companies reached a new record of 840,000 BTC in 2025. However, no specific details about the trend in Bitcoin treasuries were provided.
Interestingly, in the past 12 months, the institution that made the largest Bitcoin sale has not been explicitly identified in the available search results.
Amidst this uncertainty, Bitcoin's price rebounded last week, reaching around $113,000. Despite this, Bitcoin's current trade is near $111,000, representing a 10.46% gap from its all-time high. The next key resistance level for Bitcoin sits near $113,700.
The cryptocurrency market faces headwinds, with Bitcoin experiencing a 3.76% monthly loss and a 0.48% increase over the past 24 hours. However, daily trading volume has increased by 4.56% to $61.05 billion, indicating steady market activity.
In conclusion, while the trend in Bitcoin treasuries remains unclear, the slowing institutional investment and the absence of major sales are factors that could impact the future price of Bitcoin. As always, it's essential to keep a close eye on market developments and make informed decisions based on reliable data.
