Demand for Bitcoin as a treasury asset is rising, with Strategy, led by Michael Saylor, significantly increasing its purchases. While Bitcoin prices continue to decline, Strategy is enhancing its investments in this digital currency.
According to the cryptocurrency data provider CryptoQuant, Bitcoin purchases from other corporate treasuries have decreased by 99% compared to the peak seen in August 2025. In contrast, Strategy has bought approximately 45,000 Bitcoins over the past thirty days, marking its highest level since April 2025.
Event Details
Data shows that the share of purchases from all other companies holding Bitcoin has dropped to 2%, down from 95% last October. At the same time, Strategy's shares are trading at more than 71% below their highest level over the past 52 weeks, while the price of Bitcoin has fallen by 48% since its peak in October.
Although Strategy continues to bolster its Bitcoin reserves, its reliance on debt-backed financing strategies may centralize demand, potentially impacting Bitcoin's price support in the event of any financial disruptions.
Context and Background
The digital market experienced a frenzy last summer as public companies sought to emulate Strategy by hoarding Bitcoin as a treasury asset. However, as prices fell, this trend has significantly faded. Currently, Strategy remains the only company actively purchasing Bitcoin in large volumes, highlighting the challenges faced by other companies in this space.
Strategy currently holds about 65% of the Bitcoin held by public companies, according to Bitcoin Treasuries. Following them are companies XXI and Metaplanet, representing 4.3% and 3.5% of total public company Bitcoin holdings, respectively.
Implications and Impact
Strategy's continued Bitcoin purchases could support demand and prices in the long term, but the significant concentration of demand may make the market susceptible to volatility. Saylor, the co-founder and CEO of the company, noted that public liquidity and decentralization limit the impact of any single holder on the market.
Saylor stated in an interview with CNBC: "Bitcoin has liquidity of up to $50 billion daily, and we do not control the liquidity price, holding only 3.5% of the assets. It is a highly decentralized and widely distributed asset. The market is much larger than any individual within it, which makes it an extremely attractive asset."
Impact on the Arab Region
The importance of Bitcoin and cryptocurrencies is increasing in the Arab region, as many investors and companies seek to explore the opportunities these assets provide. With major companies' declining interest in investing in Bitcoin, there may be an opportunity for Arab investors to take advantage of the current market fluctuations.
In conclusion, this development in the Bitcoin market is a clear signal of the challenges companies face amid price volatility, while simultaneously reflecting the opportunities available for investors in the Arab region.