Corporate Bitcoin Buying Hits Record Levels, Yet Prices Are Down—Here’s Why
Bitcoin is trading above $85,000, up 2.2% daily, but down over 8% in the past month and more than 20% from its January 2025 all-time high of over $109,000. Public companies accumulated 91,781 BTC in Q1 2025, with Tether acquiring 8,888 BTC and MicroStrategy purchasing 81,785 BTC. Other buyers included Semler Scientific, Metaplanet, and The Blockchain Company. Marathon Digital plans a $2 billion stock sale for Bitcoin purchases, while GameStop is considering a $1.3 billion convertible note for Bitcoin investment. Long-term holders sold approximately 178,000 BTC, contributing to price pressure, alongside $4.8 billion outflows from spot Bitcoin ETFs. Key support levels are identified between $65,000 and $71,000, which may attract demand from long-term holders and institutions if reached.
