Strategy Holds 76% of Treasury BTC as Other Company Purchases Decline

Strategy has become the main force in corporate Bitcoin accumulation as buying from other treasury firms continues to fade. Recent Bitcoin news revealed Strategy bought about 45,000 BTC over the previous 30 days, while purchases from other treasury companies fell to about 1,000 BTC.

Strategy now holds about 76% of all Bitcoin held by treasury companies, showing how concentrated this segment has become. Strategy’s own disclosures also show its holdings kept rising in March, reaching 762,099 BTC after its latest reported purchase on March 23, 2026.

Is Strategy Becoming the Sole Buyer of Treasury Bitcoin?

CryptoQuant described the current market structure as a “one buyer market” after activity outside Strategy weakened across both volume and participation. The report said non-Strategy treasury firms accounted for only 2% of total purchases in the last 30 days, down about 99% from earlier peak levels.

Source: CryptoQuant

The number of purchases by companies other than Strategy also fell to 13 from a previous peak of 54, according to the same research. That drop points to a narrower group of buyers even as Strategy kept adding to its position at the fastest pace seen in nearly a year.

Strategy’s Bitcoin Holdings Keep Expanding

Strategy’s own filings show that its Bitcoin treasury continued to grow after the period covered by the CryptoQuant report. On March 16, 2026, the company said it had acquired 22,337 BTC, bringing total holdings to 761,068 BTC, and on March 23 it reported another 1,031 BTC purchase that lifted its total to 762,099 BTC.

Those filings place Strategy far ahead of other public treasury holders and give fresh context to CryptoQuant’s 76% concentration figure. Strategy’s purchases page, last updated with market data through March 29, also lists the company’s reserve at 762,099 BTC, confirming that its treasury position remained intact after the latest filing.

Broader Company Demand has Slowed Sharply

CryptoQuant said the weakness is not only about lower purchase volume but also about shrinking participation across the treasury-company segment. While Strategy continued to buy at scale, other firms have largely stepped back, leaving the sector without the broader stream of incremental demand that had been visible during earlier periods.

That change matters because treasury buying now appears less diversified than before. Instead of several companies adding meaningful Bitcoin exposure at the same time, current demand is centered on one balance sheet, with the rest of the corporate field contributing only a small share of recent purchases.

However, recent Bitcoin news revealed that Hong Kong-listed Boyaa Interactive is seeking shareholder approval for a $70 million crypto treasury expansion. The company said the 12-month mandate would let its board use idle cash reserves to buy digital assets, with Bitcoin expected to be the main focus.

Bitcoin Price Remains Tied to a Narrow Demand Base

The latest data suggests that Strategy is still absorbing supply even as other corporate buyers reduce activity. This is a concentrated demand structure, where one company continues to add Bitcoin while the rest of the treasury segment remains relatively quiet.

Also, $70,000 remains the key level traders are watching this week as Bitcoin tries to recover from its recent pullback. BTC traded near $67,521 up 1% in 24 hours after briefly moving above $70,000 last week, which keeps that zone in focus as a short-term resistance level. A move back above $70,000 could support a push toward the mid-$70,000 range if buyers sustain momentum.

For the Bitcoin market, that leaves corporate demand leaning heavily on Strategy’s pace of accumulation. As of March 23, the company’s holdings stood at 762,099 BTC, while other treasury firms had yet to match that pace in either scale or consistency.