Strategy halts purchases while smaller Bitcoin treasury companies acquire 603 BTC
While the dominant corporate Bitcoin holder temporarily stopped its regular purchases, smaller treasury firms accumulated approximately $46 million in Bitcoin during last week's dip under $80,000.
Last week saw smaller Bitcoin treasury companies accumulate a total of 602.6 BTC valued at approximately $46 million, during a period when the industry's dominant corporate holders seemingly took a break from their buying activities.
These acquisitions consisted of a 381.6 Bitcoin (BTC) purchase by Strive, an asset management firm and Bitcoin treasury company, a 200 BTC investment by DDC Enterprise Limited, a global consumer food brand, 19 BTC secured by The Smarter Web Company (SWC), a UK-based web design firm, and a 2 BTC purchase by Hyperscale Data, an AI data center company.
These purchases indicate that institutional Bitcoin demand has continued throughout the recent price correction, though it has transitioned toward smaller treasury firms as Strategy, the market's leading holder, temporarily halted its customary weekly accumulation pattern.
These acquisitions occurred during a period when spot Bitcoin exchange-traded funds (ETFs) experienced combined net outflows totaling $1.54 billion across the six trading days ending Friday, according to data from Farside Investors.
Nevertheless, Santiment, a crypto sentiment analysis platform, characterized the increasing outflows as a "counter-indicator," suggesting that ETFs predominantly capture retail investor sentiment rather than institutional money positioning, as Cointelegraph reported on Saturday.
Bitcoin treasuries bought the BTC dip below $80,000
These Bitcoin treasury companies executed their purchases immediately following Bitcoin's decline beneath the $80,000 price threshold.
Strive completed its most recent purchase at an average cost of $79,348 per Bitcoin, whereas DDC acquired its Bitcoin at an average price of $79,496 per BTC and SWC purchased at an average cost of $77,687 per BTC.
Hyperscale purchased the BTC through the open market without revealing an average cost per coin, although the acquisition took place on Sunday, when Bitcoin's closing price stood at $76,981.
The average cost basis of Bitcoin treasury companies serves as a crucial metric that demonstrates the unrealized profit or loss on their existing BTC holdings and is frequently utilized to assess a company's sustained confidence in the fundamental asset.
This development follows Strategy's announcement from the previous week of a substantial acquisition totaling 24,869 BTC purchased for $2.01 billion during the period of May 11 through 17, at an average cost of $80,985 per BTC. This $2 billion transaction represented Strategy's third-largest purchase of 2026.
Presently, approximately 198 publicly-traded Bitcoin treasury companies collectively hold 1.24 million Bitcoin, which accounts for roughly 5.9% of the total available supply, according to data provided by Bitcointreasuries.