Data: Bitcoin institutional holdings shrunk 10% in three months, putting pressure on the corporate treasury model

source·burnking·20:56 编辑

Comparative news, according to CryptoQuant on-chain data, the total BTC holdings of institutions, including trusts, ETFs, and closed-end funds, have dropped from 1.33 million three months ago to 1.2 million, a drop of about 10%

At the same time, the corporate Bitcoin treasury model is also under pressure. Analyst Novaque Research pointed out that the current market value of many Bitcoin treasury companies has fallen below the net asset value (NAV) of their BTC holdings, and the previous positive cycle mechanism of “stock price premium → financing to buy → enhanced premium” has clearly weakened. Strategy, the largest publicly traded company, sold 1,638 BTC last week.

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