Strategy is buying Bitcoin faster than ever. Other treasury firms have gone quiet. Here’s what CryptoQuant’s latest data reveals.
Michael Saylor’s Strategy has taken over Bitcoin’s corporate treasury space.
CryptoQuant’s March 25 report shows the firm bought roughly 45,000 BTC in just 30 days. That marks the fastest accumulation pace in nearly a year.
Meanwhile, other companies have gone almost completely quiet. The gap between Strategy and everyone else is growing fast.
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Strategy’s Bitcoin Buying Hits Its Fastest Pace in Nearly a Year
Strategy now holds about 76% of all Bitcoin among treasury companies. That figure alone tells a striking story.
The firm’s latest buying spree pushed its already massive holdings even higher.
CryptoQuant confirmed that this recent 30-day window stands out clearly from months of steadier growth.
Bitcoin treasury companies to Bitcoin purchases chart, Source| CryptoQuantWhat makes this more notable is the timing.
Bitcoin treasury adoption was once a growing trend across multiple firms. Strategy’s acceleration now contrasts sharply with what other companies are doing, or rather, not doing. Its buying pace signals strong internal conviction, regardless of what the broader market looks like.
The speed of accumulation is hard to ignore.
Roughly 45,000 BTC in 30 days puts Strategy in a league of its own. No other company comes close to that volume right now. CryptoQuant’s data makes that distinction very clear.
Other Bitcoin Treasury Companies Pull Back Sharply
Non-Strategy firms have nearly exited the picture.
According to CryptoQuant, those companies bought only around 1,000 BTC over the same 30-day period. That is a drop of roughly 99% from their peak buying levels. Their share of total corporate Bitcoin purchases has fallen to just 2%.
Participation has also shrunk.
At its peak, 54 companies were actively buying Bitcoin for their treasuries. That number has since dropped to just 13. Fewer firms are buying, and the ones still in are buying far less.
CryptoQuant describes this as a significant deterioration in both capital deployment and participation.
This pullback changes the character of corporate Bitcoin demand. What was once a multi-player trend now rests almost entirely on one firm.
The data does not suggest a temporary slowdown. It points to a structural shift in how companies are approaching Bitcoin as a reserve asset.
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Bitcoin Treasury Market Concentration Raises Key Questions
Industry concentration is now at an extreme level, based on CryptoQuant’s findings.
Strategy’s 76% share of all corporate Bitcoin holdings reflects a market where diversity has largely collapsed.
Other firms are stagnating while Strategy continues to grow its position aggressively.
This kind of concentration matters for how the market functions. When one entity drives the bulk of demand in any asset class, the dynamics shift.
Price movements, sentiment, and liquidity can all become more dependent on that single player’s behavior. CryptoQuant’s report highlights this as an ongoing structural concern.
The broader picture, as CryptoQuant frames it, is that new demand from the corporate sector is nearing its end. What remains is largely Strategy.
Whether other firms return to the table remains to be seen. For now, the data shows a market that has become heavily reliant on one buyer.
Source: https://www.livebitcoinnews.com/strategy-now-drives-most-dat-bitcoin-demand-cryptoquant-says/
