Bitcoin Buying by Companies Slows in August, Treasury Allocations Grow $5B

Corporate Bitcoin Accumulation Slows in August as Market Pulls Back

Bitcoin’s momentum eased in August, with corporate buying slowing amid the market’s recent price decline.

Treasury entities added 47,718 BTC ($5.2 billion) last month, down from over 100,000 BTC in July, according to the latest Bitcoin Treasuries Adoption Report. Total holdings across public companies, private firms, governments, and ETFs now stand at 3.68 million BTC, valued at $400 billion. The 1.2% monthly increase contrasts sharply with July’s 4.6% growth.

The slowdown in corporate purchases may help explain why Bitcoin’s mid-August peak near $123,000 proved unsustainable, falling more than 11% to below $109,000 by month-end.

Public company holdings passed a key milestone, surpassing 1 million BTC for the first time—doubling since late 2024. Major buyers included KindlyMD with 5,744 BTC ($679 million) and Japan’s Metaplanet with 1,859 BTC.

Newcomer Bullish (BLSH) joined the ranks after its August IPO, revealing 24,000 BTC held since March ($2.6 billion). CEO Tom Farley described it as part of a broader institutional trend.

Despite headline-grabbing purchases, the total value of tracked corporate treasuries dropped from $428 billion in July to $400 billion in August, reflecting Bitcoin’s price pullback.