Corporate Bitcoin Buying Slows as Treasury Holdings Remain Underwater

Corporate demand for Bitcoin has weakened significantly, with public companies adding only 5,900 BTC over the past three months, less than 7% of the volume seen in July of the previous year. With an average entry price of approximately $80,500, many corporate treasuries remain at a loss. While institutional demand via spot ETFs has shown signs of recovery since August, negative Coinbase premiums suggest that U.S.-based buying remains relatively soft compared to offshore markets.