Will Strategy Become the Only Corporate Buyer of Bitcoin? Other BTC Purchasing Firms See 99% Drop

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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RegExp("[?&]notifications=1(&|#|$)");"desktop"===h&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(no)),notifLabel:document.querySelector(".".concat(oo))};t.notifDropdown&&mo(e,t)}))}()}};]]>ADVERTISEMENTKurt RobsonMon, March 30, 2026 at 12:02 PM GMT+2 4 min read Key TakeawaysCorporate Bitcoin buying is highly concentrated.Short-term demand signals remain weak.Long-term outlook still positive.Bitcoin treasury demand is increasingly being driven by a single player, raising fresh questions about the depth of institutional adoption in the crypto market.Recent data suggests that corporate interest beyond Michael Saylor’s Strategy has sharply diminished.This is even as large asset managers continue to frame digital assets as a growth opportunity.Crypto analytics firm CryptoQuant said in a post on X that Bitcoin treasury accumulation is now “entirely driven” by Strategy.According to the data, roughly 45,000 BTC were purchased over the past 30 days, compared with just about 1,000 BTC acquired by all other firms combined — a drop of around 99%.Strategy now accounts for approximately 76% of total corporate Bitcoin holdings, pointing to a highly concentrated market structure.The trend suggests that broad-based institutional adoption is currently lacking.Instead, accumulation appears currently dependent on Strategy.While Saylor’s firm is a highly committed entity, it has raised concerns about sustainability and market resilience.The decline in corporate participation comes alongside renewed signs of softness in exchange-traded fund flows.Last week, U.S. spot Bitcoin ETFs recently recorded their largest single-day net outflows in three weeks.Investors withdrew a total of $171.2 million across seven funds, according to data from SoSoValue, marking the sharpest daily outflow since early March.BlackRock’s iShares Bitcoin Trust (IBIT) led the declines, with $41.9 million exiting the fund.On the other hand, products from Fidelity, Bitwise and Ark Invest each saw outflows exceeding $30 million.Despite near-term outflows from BlackRock, the mega financial institution has continued to signal confidence in crypto’s long-term potential.In his 2026 annual letter to shareholders, BlackRock CEO Larry Fink projected the firm could generate up to $500 million in annual revenue within five years in its crypto branch.The statement marks a notable evolution for BlackRock, which had previously approached the sector with caution.The firm now oversees close to $150 billion in digital asset-linked products.Fink is positioning it alongside other key growth areas such as private markets and active ETF.Even as near-term indicators point to softer demand, expectations for institutional participation in digital assets remain firmly tilted toward growth in 2026.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersTSLA Tesla, Inc. 372.37 +17.08 (+4.81%)BTC-USD Bitcoin USD 67,881.91 +1,365.50 (+2.05%)APLS Apellis Pharmaceuticals, Inc. 40.25 +23.16 (+135.52%)GOOG Alphabet Inc. 285.91 +12.77 (+4.68%)CEG Constellation Energy Corporation 275.25 -23.34 (-7.82%)PortfolioSign in to access your portfolioSign inTop gainersAPLS Apellis Pharmaceuticals, Inc. 40.25 +23.16 (+135.52%)CNTA Centessa Pharmaceuticals plc 39.76 +12.18 (+44.14%)FLY Firefly Aerospace Inc. 28.16 +4.54 (+19.22%)AGIO Agios Pharmaceuticals, Inc. 34.56 +4.94 (+16.70%)IBRX ImmunityBio, Inc. 7.70 +1.04 (+15.54%)Top losersCEG Constellation Energy Corporation 275.25 -23.34 (-7.82%)BTU Peabody Energy Corporation 32.94 -2.74 (-7.68%)SOC Sable 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