Corporate treasuries bought just 5,900 bitcoin in 3 months. Other demand signals look weak, too.
Publicly listed companies are showing little appetite for bitcoin BTC$77,605.71, suggesting that a key source of demand behind the 2024–25 bull market remains weak as the cryptocurrency attempts a sustained rebound. Those firms have added only about 5,900 BTC over the past three months, according to Glassnode, a fraction of last year’s pace. Nasdaq-listed Strategy MSTR$132.26·Market Closed accounted for most of that buying, including a late-August purchase of 4,603 BTC.