Key Takeaways:
- Four companies acquired 602.6 BTC worth about $46 million last week.
- Entry prices ranged from $77,687 to $79,496 per bitcoin.
- The purchases show smaller firms stepping in as Strategy paused buying.
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Corporate treasuries buy 602 BTC worth $46 million as prices dip
Four corporate treasuries acquired 602.6 bitcoin worth about $46 million last week, with entry prices between $77,687 and $79,496 per coin.
The purchases were disclosed in corporate filings by Strive, DDC Enterprise Limited, The Smarter Web Company and Hyperscale Data, each adding to their bitcoin reserves during a price dip.
The accumulation came as Strategy, the largest corporate bitcoin holder with more than 500,000 BTC, paused its weekly buying cycle. The four companies combined to acquire 602.6 BTC at entry prices averaging near $78,500, taking advantage of a pullback from recent highs above $80,000. Strive led the group with the largest allocation, though individual position sizes were not fully disclosed.
The buying by smaller firms broadens the base of corporate bitcoin adoption beyond Strategy, potentially reducing available supply on exchanges. With the most recent halving roughly 18 months in the past, the supply squeeze dynamic remains a structural tailwind for prices, historically supporting bitcoin in the post-halving year.
The transactions follow a pattern of smaller companies accumulating bitcoin while larger holders pause. Strategy, which has built a more than 500,000 BTC treasury through regular purchases, skipped its weekly buy for the first time in months, creating an opening for smaller corporate treasuries to accumulate at lower prices. The combined 602.6 BTC positions these four firms among a growing cohort of publicly traded companies using bitcoin as a treasury reserve asset.
Bitcoin traded near $78,500 as of the latest session, down from recent highs above $80,000. The price dip provided an entry point for companies seeking to diversify cash reserves into the digital asset, a strategy pioneered by Strategy and now adopted by a growing number of corporate treasuries. The purchases also come as bitcoin exchange balances continue to trend lower, with supply on trading platforms near multiyear lows, a factor that typically supports price stability during accumulation phases.
This article is for informational purposes only and does not constitute investment advice.
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