Glassnode
Listed companies added just 5.9K BTC over the past three months, compared with 89K BTC in July 2025 alone. With spot prices just below their $80.5K average cost basis, corporate buyers are carrying modest unrealized losses while adding limited fresh demand.
Why it matters
The gap between the recent three-month total and July's single-month buying highlights a sharp slowdown in corporate Bitcoin accumulation. Treasury demand remains present, but the latest pace provides less support for the market than the earlier buying burst.
Market impact
The $80.5K average cost basis puts current corporate holdings slightly underwater. That combination of slower buying and modest unrealized losses leaves corporate treasuries with less momentum to offset weakness through new demand.
Frequently asked questions
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How much BTC did listed companies add over the past three months?
Listed companies added 5.9K BTC over the past three months.
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How does recent corporate BTC buying compare with July 2025?
The three-month total of 5.9K BTC is far below the 89K BTC that listed companies added in July 2025 alone.
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What is the average cost basis for these corporate Bitcoin holdings?
The average cost basis is $80.5K.
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Why are corporate Bitcoin holders showing unrealized losses?
Spot Bitcoin prices are just below the companies' $80.5K average cost basis, leaving them with modest unrealized losses.
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What does the slower buying pace mean for Bitcoin demand?
Corporate buyers are still adding BTC, but the recent pace provides much less fresh demand than the buying surge seen in July 2025.
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