‍#Strategy与Strive本周合计增持2305枚比特币

The bigger story is corporate demand is still expanding, but it’s becoming concentrated among a small number of aggressive buyers.

Strategy and Strive added 2,305 BTC for roughly $182.7M in the week of Sept. 14–20. Strategy bought 950 BTC, while Strive added 1,355 BTC.

However, Strategy has already added another 1,665 BTC for the following week, bringing its holdings to 847,666 BTC as of Sept. 27.

Current trackers show public-company Bitcoin holdings above 1.27M BTC, although totals vary depending on which companies and holdings a tracker includes.

My read: the important signal isn't simply the 2,305 BTC number—it's the continued willingness to issue equity/preferred securities and deploy capital into BTC even after prices have recovered. That demonstrates persistent treasury demand, while also creating financing and dilution risks for shareholders.

So the key question going forward is whether more companies join the accumulation trend or whether buying remains concentrated in Strategy, Strive and a handful of other treasury companies. Current data suggest the latter has been happening: broader listed-company accumulation has been much slower than during the 2025 peak.

In short: corporate BTC accumulation remains a meaningful demand narrative, but it shouldn't automatically be interpreted as a signal that BTC must rise—financing conditions, shareholder dilution, and the sustainability of these treasury strategies matter just as much.