Strategy has purchased approximately 45,000 Bitcoins in the past 30 days. This is the fastest pace of accumulation in almost a year. Meanwhile, the remaining corporate Bitcoin treasury units purchased less than 1,000 bits of Bitcoin. $BTC According to a new report from Cryptoquant, a combination of these.
Cryptoquant says Bitcoin Treasury’s out-of-strategy summer is over
This data reveals a clear divide in the enterprise Bitcoin market. Strategy’s purchases were the highest 30-day purchase amount since April 2025. By comparison, all other publicly traded companies that hold Bitcoin in their vaults have all but stopped buying them.
Cryptocurrency researchers have closely tracked the collapse. Non-strategic finance companies purchased a total of 1,000 companies. $BTC 99% decrease in the last 30 days from the peak of 69,000 in August 2025 $BTC. Their share of total corporate Bitcoin purchases has fallen to 2% from 95% in October 2024.
The range of participants has also narrowed. Companies other than Strategy Inc. have made 13 separate Bitcoin purchases in the past 30 days. At its peak in August 2025, which CryptoQuant called the “Summer of the Bitcoin Treasury,” that number was 54. The number of active buyers decreased by 76%.
In contrast, Strategy’s purchasing pace has remained steady. The company consistently makes four to five purchases in a 30-day period, and has maintained this rhythm even as its peers have exited.
The difference in holdings has widened accordingly. 90,000 strategies added $BTC The impact on the balance sheet so far this year has been significant. Adding all other financial companies together, the net amount increased by $4,000. $BTC over the same period. Their combined share of total financial company holdings has fallen from 26% in November 2025 to 24% now.
According to CryptoQuant, Strategies currently holds about 76% of all Bitcoin held by publicly traded treasury companies. The total number of shares held by the company reaches 762,099 shares. $BTC.
The next two largest holders are close. According to bitcointreasuries.net, Twenty One Capital (ticker XXI) holds 43,514. $BTCwhich ranks second in the world, surpassing MARA Holdings, which recently sold 15,133 units. $BTC $957 million will be canceled in zero-coupon convertible notes. MARA currently holds 38,689 $BTC.
Metaplanet, Inc., a Japan-based company trading under MPJPY, holds 35,102 shares. $BTC And sit fourth. Bitcoin Standard Treasury Company holds 30,021 $BTC According to bitcointresuries.net data, it ranks 5th.
Cryptoquant points out that XXI and Metaplanet together account for only 4.3% and 3.5% of the total financial companies. $BTC Owned by each. The rest of the sector divides the slice to shrink.
This pattern shows a Bitcoin Treasury sector consolidating around a single strong buyer. Strategy continues to expand its position massively. Companies that were following the 2025 model have stopped following that pace for now.
Cryptoquant’s data does not specify whether that reflects balance sheet constraints, a shift in capital priorities, or widespread caution about Bitcoin at its current price. What the numbers say is simple. One company is making an acquisition and the rest are waiting.
Frequently asked questions 🔎
- What is Strategy’s current Bitcoin treasury holdings? Number of strategies held 762,099 $BTCequivalent to approximately 76% of all Bitcoin held by listed financial companies.
- Why did MARA Holdings drop in the Bitcoin Treasury ranking? MARA Sales 15,133 $BTC Repurchased $957 million of zero-coupon convertible notes, reducing holdings to 38,689. $BTC.
- How much Bitcoin has Twenty One Capital accumulated? Twenty One Capital holds 43,514 $BTCAccording to Bitcointreasuries.net, the company is the second largest publicly traded Bitcoin treasury company in the world.
- Are other companies still buying Bitcoin for their own vaults? Bitcoin purchases by non-Strategy companies have fallen 99% from their August 2025 peak to just 1,000 purchases. $BTC Bulk purchases made in the last 30 days.
