$BTC The market cap of treasury companies has lost more than $100B since October 2025. Their holdings went from a valuation of $396B to $272B.



Over the same period, the number of BTC held by these companies increased from 953,000 BTC to 1.14 million now.

—> Since May, as BTC reached an already significant undervaluation, their accumulation has slowed sharply, almost coming to a halt.

It’s interesting to note that it was between November 2024 and October 2025 that these companies accumulated most heavily, at a price ranging between $75,000 and $125,000.

Over that period, the number of BTC held by these companies had tripled.

Now that they’ve largely bought the top, will they sell the low, as Strategy has started to do ?
BTC-0.31%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 1
  • Share
Comment
Add a comment
Add a comment
OvernightPositionPhobia
· 13m ago
This move is genuinely a bit baffling—piling in at the high end but hesitating at the low end. Is this what “traditional institutions” do, treating retail investors like easy prey?
View OriginalReply0
WhitepaperByTheRoadside
· 1h ago
Institutions buy at the top, while retail investors are actually more calm—this script has flipped.
View OriginalReply0
NonceNinja
· 1h ago
Market cap evaporated, but the number of coins increased—long term, is it a dip to buy or a trap? We’ll have to see three years from now.
View OriginalReply0
BearMarketWithAHintOfOrange
· 1h ago
From 950k to 1.14M, the increase actually slowed down; the smart money is waiting for a lower level.
View OriginalReply0
GateUser-af0710ba
· 2h ago
They kept aggressively buying in the 75k–125k range, and now they’re stopping—showing they don’t have unlimited ammo either.
View OriginalReply0
SoftRugDetective
· 2h ago
The period from November to October was the FOMO peak; now we’re in a cooling-off period, and the market bottom is still far away.
View OriginalReply0
  • Pinned