Corporate Bitcoin Buying Slows: Treasuries Add Only 5,900 BTC in 3 Months as Demand Signals Weaken

Corporate treasuries purchased just 5,900 bitcoin (BTC) over the past three months, a sharp slowdown that suggests weakening institutional demand for the leading cryptocurrency. The modest accumulation stands in stark contrast to the aggressive buying seen during previous bull cycles, when companies like MicroStrategy and Tesla made headline-grabbing purchases. Beyond corporate treasury activity, other demand indicators are also flashing warning signs. Spot bitcoin ETF inflows have cooled, futures open interest has declined, and retail trading volumes remain subdued. Together, these signals point to a broader cooling of market enthusiasm. Analysts note that without fresh catalysts—such as clearer regulatory guidance or renewed macroeconomic tailwinds—bitcoin may struggle to regain upward momentum in the near term. The data underscores a cautious stance among institutional players, who appear to be waiting on the sidelines rather than adding to positions. For now, the market remains in a wait-and-see mode, with BTC price action reflecting the lack of strong buying pressure from corporate treasuries and other major demand sources.