‘More bullish on Bitcoin’ – Strategy leads 91% of corporate BTC buying
Key Summary
A recent analysis reveals that corporate Bitcoin buying has surged 91% in 2026, with Strategy firm leading the charge and buying nearly 20 times more Bitcoin than nation-states. Bitcoin treasury firms have bought a massive 193K Bitcoin, while U.S. spot Bitcoin ETFs and hedge funds experienced small outflows. Individuals, on the other hand, dumped a significant 93K BTC. The trend is seen as encouraging, making Strategy more bullish on Bitcoin. The firm's initial bet was to offer amplified exposure to clients via its stock, which has since doubled down on the 'digital credit' model backed by its Bitcoin holdings.
Corporate Bitcoin Buying Soars 91% as Strategy Firm Leads the Way
Corporate Bitcoin Buying Trends
Strategy firm has led the charge in corporate Bitcoin buying, accounting for over 91% of 2026 BTC purchases. The firm's initial bet was to offer amplified exposure to clients via its stock, which has since doubled down on the 'digital credit' model backed by its Bitcoin holdings.
Bitcoin Treasury Firms
Bitcoin treasury firms have bought a massive 193K Bitcoin, nearly 20 times more than overall purchases made by nation-states over the same period. The U.S. spot Bitcoin ETFs and hedge funds had a small outflow of 594 BTC, while individuals dumped a whopping 93K BTC.
Market Impact
The trend is seen as encouraging, making Strategy more bullish on Bitcoin. The firm's cost basis is about $75K, while the U.S. Spot Bitcoin ETF has an average cost basis of $82K. These levels could act as crucial support if the ongoing Bitcoin pullback deepens.
Analysis
Strategy's digital credit pipeline is still under scrutiny, with some criticizing the model as a 'Ponzi scheme' because the yield is not coming directly from its vast BTC holdings. However, the firm's recent acquisition of 8K BTC and its focus on a composite Bitcoin adoption index across nations, firms, and associated products tied to the asset, demonstrate its commitment to the market.