MicroStrategy’s Bitcoin Buying Slows Sharply in 2025, Signaling Potential Shift

• MicroStrategy Bitcoin accumulation peaked at 134.5K BTC in late 2024 but has declined by 93% in 2025.

• Early December 2025 purchases stand at only 135 BTC, marking one of the firm’s weakest months.

• Broader market treasuries hold 4.00M BTC across 357 entities, down 1.16% in the past 30 days per BitcoinTreasuries.net data.

MicroStrategy Bitcoin accumulation slows in 2025 amid shifting corporate strategies. Explore the implications for BTC demand and market dynamics. Stay informed on crypto treasury trends today.

What is MicroStrategy’s Bitcoin Accumulation Trend in 2025?

MicroStrategy Bitcoin accumulation has transitioned from aggressive buying in 2024 to a significant slowdown in 2025. The company, the largest corporate holder of Bitcoin, reduced its monthly purchases sharply, with data from CryptoQuant indicating a drop from 134.5K BTC in November 2024 to 9.1K BTC in November 2025. This change raises questions about the long-term sustainability of corporate Bitcoin strategies in a maturing market.

Strategy’s once-aggressive Bitcoin accumulation has slowed to a near standstill, according to new data from CryptoQuant. 

The firm, the largest corporate holder of Bitcoin, has sharply reduced its purchases throughout 2025, raising questions about the sustainability of last year’s treasury accumulation boom.

CryptoQuant’s latest chart shows monthly Bitcoin purchases by Strategy falling from a peak of 134.5K BTC in November 2024 to just 9.1K BTC in November 2025. 

Source: CryptoQuant

Early December data show that only 135 BTC have been bought so far, making this one of Strategy’s weakest purchasing months in years.

How Has MicroStrategy’s Bitcoin Buying Pace Changed Over 2025?

The decline in MicroStrategy Bitcoin accumulation is evident in monthly figures tracked by CryptoQuant. Starting with 59.7K BTC in December 2024, purchases fell to 29.1K BTC by March 2025 and further to 31.5K BTC in July 2025. By November, the figure was down to 9.1K BTC, representing a 93% reduction from the 2024 peak. This pattern suggests a deliberate strategy adjustment, possibly influenced by market volatility and regulatory considerations. Experts note that such shifts could impact overall Bitcoin liquidity, as corporate buyers like MicroStrategy have historically provided steady demand.

A Dramatic Shift from 2024’s Buying Frenzy

Late 2024 was defined by unprecedented corporate appetite for Bitcoin.

Strategy’s 134K BTC purchase in November 2024 marked the largest monthly acquisition in its history and helped fuel broader institutional narratives around digital assets.

But as 2025 progressed, Strategy consistently cut its buying pace:

• Dec 2024: 59.7K BTC
• Mar 2025: 29.1K BTC
• Jul 2025: 31.5K BTC
• Nov 2025: 9.1K BTC
• Dec 2025 [so far]: 135 BTC

The reduction reflects a 93% decline from the 2024 peak, signalling a major policy shift in how Strategy approaches treasury allocation.

This slowdown is not isolated to MicroStrategy. Data from BitcoinTreasuries.net indicates a broader cooling in corporate Bitcoin holdings. As of late 2025, 357 entities hold Bitcoin in their treasuries, an increase of four from the previous month. However, the total BTC in these treasuries has decreased by 1.16%, totaling 4.00 million BTC. This suggests that while new companies are entering the space, their acquisitions are smaller in scale compared to established players like MicroStrategy.

Source: BitcoinTreasuries

Despite more entities entering the space, aggregate BTC held across treasuries slipped to 4.00M BTC, suggesting that new entrants are not buying at the scale necessary to offset reduced accumulation from major players like Strategy.

The implications of this trend extend to Bitcoin’s supply dynamics. In 2024, aggressive corporate buying, led by MicroStrategy, contributed to reduced available supply on exchanges and bolstered price stability. With purchases now at historic lows, the market may see increased reliance on other demand sources, such as spot Bitcoin ETFs and retail investors. Analysts from CryptoQuant emphasize that this pivot could lead to greater price volatility if macroeconomic factors turn unfavorable.

Bitcoin Treasury Demand Cools Across the Broader Market

Additional data from BitcoinTreasuries.net shows this slowdown isn’t happening in isolation. 

While the number of entities holding Bitcoin rose to 357 — up 4 over the past 30 days — the total BTC held in treasuries fell by 1.16% over the same period.

The decline in treasury holdings highlights a maturing phase for Bitcoin adoption among corporations. Early adopters like MicroStrategy set the pace, but as Bitcoin’s market capitalization grows—now exceeding $1.5 trillion—companies may adopt more conservative approaches. This could stem from boardroom caution, higher opportunity costs in other assets, or awaiting clearer regulatory frameworks. Nonetheless, the presence of 357 holders underscores Bitcoin’s appeal as a reserve asset, even if accumulation rates have tempered.

Market Implications: Reduced Corporate Absorption of BTC

Corporate and treasury buyers were a major tailwind for BTC supply dynamics in 2024. Strategy’s outsized purchases contributed to scarcity narratives and strengthened long-term holder supply.

With these purchases shrinking, the market loses a significant source of consistent buy-side pressure.

While ETFs and long-term holders still dominate structural demand, the fading role of corporate treasuries means less aggressive supply absorption.

From a market perspective, the reduced MicroStrategy Bitcoin accumulation could influence investor sentiment. In 2024, such buys often acted as a floor for Bitcoin prices during downturns. Now, with treasury demand waning, attention shifts to ETF inflows, which have averaged over 10,000 BTC monthly in 2025 according to public filings. This rebalancing may encourage more diversified institutional participation but also heightens sensitivity to global economic shifts, such as interest rate changes or geopolitical events.

Frequently Asked Questions

Why has MicroStrategy reduced its Bitcoin accumulation in 2025?

MicroStrategy’s Bitcoin accumulation has slowed due to a strategic shift, with monthly purchases dropping 93% from 2024 peaks, per CryptoQuant. Factors include market saturation, higher financing costs, and a focus on sustainable growth, ensuring the firm’s treasury remains robust without overexposure.

What does the slowdown in corporate Bitcoin buying mean for prices?

The slowdown in corporate Bitcoin buying, including MicroStrategy’s reduced accumulation, may lead to less buy-side support, potentially increasing short-term volatility. However, strong ETF demand and HODLer conviction continue to underpin long-term price stability, as seen in recent market resilience.

Key Takeaways

• MicroStrategy’s accumulation decline: Purchases fell from 134.5K BTC in November 2024 to 135 BTC in early December 2025, per CryptoQuant data.
• Broader treasury trends: Total corporate BTC holdings dipped 1.16% to 4.00M BTC across 357 entities, according to BitcoinTreasuries.net.
• Market shift: Investors should monitor ETF flows and macro factors as corporate demand evolves in 2025.

Conclusion

The slowdown in MicroStrategy Bitcoin accumulation and wider corporate treasury trends in 2025 mark a pivotal evolution in digital asset adoption. While 2024’s frenzy built foundational demand, current patterns suggest a more measured approach amid growing maturity. As Bitcoin integrates further into global finance, staying attuned to these dynamics will be key for investors navigating future opportunities.