Shencao TechFlow News: On March 26, according to CryptoQuant monitoring data, enterprise-level BTC reserve demand is currently driven almost entirely by MicroStrategy alone.
Over the past 30 days, MicroStrategy has cumulatively purchased approximately 45,000 BTC, while all other enterprises combined have purchased only around 1,000 BTC, representing a year-over-year decline of approximately 99%, with participation from other institutions having shrunk significantly. From the perspective of holdings concentration, MicroStrategy currently holds approximately 76% of all enterprise Bitcoin reserves, with industry holdings highly concentrated in a single entity. CryptoQuant stated that there is currently no widespread enterprise-level BTC demand in the market, and the overall institutional participation landscape presents obvious structural imbalance.
Shencao TechFlow News: On March 26, according to CryptoQuant monitoring data, enterprise-level BTC reserve demand is currently driven almost entirely by MicroStrategy alone.
Over the past 30 days, MicroStrategy has cumulatively purchased approximately 45,000 BTC, while all other enterprises combined have purchased only around 1,000 BTC, representing a year-over-year decline of approximately 99%, with participation from other institutions having shrunk significantly. From the perspective of holdings concentration, MicroStrategy currently holds approximately 76% of all enterprise Bitcoin reserves, with industry holdings highly concentrated in a single entity. CryptoQuant stated that there is currently no widespread enterprise-level BTC demand in the market, and the overall institutional participation landscape presents obvious structural imbalance.