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Bitcoin Treasury Accumulation Hits 3,342 BTC as Liquidity Rotates
Public treasuries added 3,342 BTC, bringing tracked holdings to 922,971 BTC.
Ethereum saw $974M in stablecoin outflows while Solana and Tron absorbed $586M combined.
DEX spot and perpetual volumes both declined week over week, with GMX surging 243.76%.
Bitcoin treasury accumulation is still moving higher, with four companies adding a combined 3,342 BTC, which are nearly worth $286.31 million, during the week from September 28 to October 4th. The bigger story though, is where liquidity is moving while corporate balance sheets keep absorbing supply.
Public Treasuries Keep Adding Despite Market Rotation
Michael Saylor’s Strategy has added a stash of 334 BTC, taking its holdings to 848,000BTC. Strive Asset Management made the largest purchase this week at 2,000 BTC, lifting its reserves to 29,462 BTC, when writing.
The two more firms added, one is Metaplanet that has added 1,000 BTC bringing a cumulative count to 44,000 BTC, while Remixpoint added 8 BTC to reach 1,509 BTC’s. Together, the tracked public treasuries now hold 922,971 BTC in total which are valued to $79.07 billion from current exchange price of BTC. That’s a sizable concentration of corporate exposure that has been witnessed this week, per the data from LookOnChain on X.
Stablecoin Capital Is Leaving Ethereum Mainnet
Meanwhile, stablecoin liquidity is telling a different story. As the data suggests, the Global net stablecoin supply has expanded by $715.8 million, yet Ethereum recorded $974 million in net outflows.
But, Solana absorbed $371 million, while Tron took in $215 million. Base added $70.6 million, followed by Arc at $54.2 million and Arbitrum at $41.7 million. The observation shows that rotation doesn’t exactly scream broad-based risk appetite.
DEX Volumes Slide While Perps Stay Dominant
Moreover, the data indicates further details like the DEX spot volume has taken a toll as it fell 3.92% week over week to $59.24 billion, while perpetual volume fell 9.85% to $138.12 billion.
Hyperliquid remained the largest decentralized perpetual venue with $41.53 billion despite a 24.31% decline. Variational, Lighter and Aster also posted weekly contractions. GMX was the obvious outlier, surging 243.76% to $8.22 billion.
For now, Bitcoin treasury accumulation remains strong even as stablecoin capital rotates across chains and decentralized derivatives activity loses momentum.
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