The combined market value of Bitcoin treasury companies has fallen by more than $100 billion since October 2025, according to the source, while the value of their holdings declined from $396 billion to $272 billion. Despite the drop, their Bitcoin holdings increased from about 953,000 BTC to 1.14 million BTC. The slowdown in buying since May suggests companies have become more cautious after a period of rapid accumulation. Investors will watch whether corporate Bitcoin purchases accelerate again in the coming months.
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