Bitcoin corporate treasuries remained at an unrealized loss on their holdings as the price fell below $80,000 and fresh capital inflows dwindled.
Bitcoin (BTC) is no longer a target for corporate treasuries as current buyers sit on unrealized losses, new research shows.
Onchain analytics platform Glassnode reveals that in 2026, listed companies bought around 5,900 BTC — less than 7% of their purchases in July 2025 alone. During that month, companies bought 89,000 BTC, even as BTC/USD traded above $100,000.
Glassnode notes that for extant corporate treasuries, profitability remains conspicuously lacking.
“Their average entry, the Corporate Treasury Cost Basis, sits at $80.5K, about 6% above spot, so the group as a whole is under water,” it commented in the latest edition of its regular newsletter, The Week Onchain.
Data shows that 2026 has only seen two attempts to reclaim that cost basis, both of which were ultimately unsuccessful as price failed to hold above it.
“A buyer that has stopped buying and holds a paper loss is not support,” it continued.
Bitcoin corporate treasury data. Source: Glassnode
Business intelligence company Strategy, which holds the world’s largest Bitcoin treasury, made its most recent BTC purchase at the end of August, adding 4,603 BTC in its first acquisition in two months. The cost basis of its 845,050 BTC holdings is currently $75,412.
The trend highlights the changes in sentiment that have accompanied Bitcoin’s ongoing bear market, with current macro conditions leaving investors uncertain about BTC price strength going forward.
Related: Bitcoin Coinbase Premium hits monthly low as CLARITY Act vote squeezes US demand
On Wednesday, the US Federal Reserve enacted its first interest-rate hike since July 2023, marking the potential start of a cycle of policy tightening that traditionally presents a headwind for crypto market liquidity.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on cointelegraph.com
