Strategy accounted for nearly all recent BTC digital-asset treasury purchases, with other firms’ share dropping from 95% to about 2%, CryptoQuant data show. Corporate bitcoin buying has effectively consolidated around a single firm, Strategy, which acquired about 45,000 BTC in the past month while all other treasury companies together bought only about 1,000 BTC. Strategy now holds roughly 76% of all bitcoin owned by treasury companies, creating a concentration risk in a trade once pitched as b…
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