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Corporate Bitcoin Buying Narrows to Single Player

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Recent data reveals a significant contraction in corporate Bitcoin treasury accumulation, with the once-broad $100 billion public-company bet now largely sustained by a single entity. While MicroStrategy (now Strategy) continues aggressive purchasing—reportedly acquiring approximately 45,000 BTC over the last 30 days—other corporations have halted additions, indicating a cooling trend beyond this outlier.

This concentration raises questions about the sustainability of the corporate Bitcoin narrative and the underlying financing models that previously fueled widespread adoption. The shift suggests market maturation, where speculative corporate bets are giving way to more selective, strategic positions, potentially signaling a phase of consolidation rather than broad-based institutional embrace.

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