Corporate Bitcoin buying stalls as weekly net purchases fall 99.93%

Publicly listed companies bought just $70,000 of Bitcoin last week, a 99.93% decline from the prior week, while the sector’s dominant buyer, Strategy (formerly MicroStrategy), made no new purchases [2]. The slowdown follows a March where Strategy accounted for the vast majority of corporate Bitcoin accumulation, highlighting a sharp concentration of buying power.

Key takeaways

• Weekly net purchases by listed firms fell 99.93% to $70 K, with only BHODL adding 1 BTC [2].
• Strategy alone added 44,377 BTC in March, representing two‑thirds of all corporate holdings [1].
• Excluding Strategy, corporate Bitcoin net buying has been declining since October, with monthly buyer count down to 16 in March [1].
• Total corporate treasury holdings remain around 1,023,333 BTC (≈5.1% of circulating supply) [2].
• Other firms such as MARA sold large positions, while new financial products like STRC are reshaping the ecosystem [1].

Strategy’s dominance and the March surge

In March 2026, Strategy’s treasury activity dwarfed all other public companies, adding 44,377 BTC—roughly $3.2 billion at month‑end prices—and accounting for two‑thirds of the total corporate Bitcoin stock [1]. A single week within that month saw the firm purchase 22,337 BTC, funded by $1.57 billion from its STRC preferred shares and MSTR common stock proceeds [1]. STRC, a variable‑rate perpetual preferred share product targeting a $100 price and yielding about 11.5% annually, generated record trading volumes in March, with weekly proceeds of $2.27 billion that directly financed the large Bitcoin buy [1].

The concentration of buying in Strategy contrasts sharply with the broader market. Other notable players retreated: MARA sold 15,133 BTC (≈$1.1 billion) to repurchase convertible notes, shrinking its holdings by 28% [1]. Meanwhile, Twenty One Capital (XXI) rose to second place on the leaderboard without any new purchases since August, and Japan’s Metaplanet added 5,075 BTC in early April to reach third place [1].

Corporate buying stalls in the latest week

The week ending March 30 2026 saw listed companies collectively purchase only $70 K of Bitcoin, a 99.93% drop week‑on‑week, according to SoSoValue data [2]. The sole disclosed buyer was UK‑based BHODL, which invested $72,832 for 1 BTC [2]. Strategy and Metaplanet reported zero new purchases, extending a pause that has lasted eleven consecutive weeks for Metaplanet [2]. Despite the near‑zero flow, corporate treasuries still hold 1,023,333 BTC, valued at about $6.939 billion—roughly 5.1% of Bitcoin’s circulating market cap—showing that the sector remains a significant holder even as net accumulation stalls [2].

Why it matters

The data reveal a bifurcated landscape: Strategy’s aggressive accumulation and the emerging STRC financial architecture keep it at the forefront, while the rest of the corporate sector shows a clear cooling of conviction since the summer surge. Analysts note that the sharp slowdown aligns with broader market dynamics, including muted ETF flows and tighter macro conditions, suggesting that corporate treasuries are now more reactive to external signals than to a bullish Bitcoin narrative [2]. Going forward, the trajectory of Strategy’s purchases and the development of STRC‑linked products will likely shape the overall corporate exposure to Bitcoin, while the broader market may remain in a holding pattern until macro or regulatory catalysts shift sentiment.