Corporate Crypto Treasury Buying Plummets 70%
A recent in-depth analysis from Bloomberg has brought to light a significant and concerning trend: a striking decline in corporate investment in crypto treasuries. This development marks a considerable shift in what was once a rapidly growing new trend that had captivated the market throughout the year, suggesting a cooling interest from institutional players. The numbers paint a clear picture of this dramatic pullback. Purchases by publicly traded entities holding digital assets as treasury reserves have plummeted precipitously. Data indicates a fall from an impressive 64,000 Bitcoin (BTC) in July to a mere 12,600 in August. While September’s figures saw a slight uptick to approximately 15,500 BTC, the overall drop still represents a staggering 76% decrease from the peak buying frenzy observed in early summer. This substantial reduction in corporate capital allocation towards crypto treasuries underscores a significant change in market dynamics and investor sentiment. Valuation Woes fo…
