Daily corporate Bitcoin buying has collapsed, removing a key demand source as BTC trades at $62,800, down 51% from its peak.
Corporate Bitcoin purchases have fallen sharply this year, dropping from $500 million per day to almost negligible levels. The decline follows a period of sustained weakness in digital asset prices, reducing demand from treasury firms that once actively accumulated BTC.
A year ago, corporate Bitcoin adoption surged, but now only MicroStrategy remains a significant buyer. The slowdown coincides with BTC’s drop from mid-$70K levels to around $60K, according to market data. U.S.-listed spot Bitcoin ETFs have also seen $5.7 billion in net outflows since mid-May, further pressuring prices.
MicroStrategy, the largest corporate Bitcoin holder, recently sold 32 BTC, fueling speculation about its role in the ongoing selloff. The lack of corporate buying has left the market more vulnerable to volatility.